Sir,
As per the rule, once the pension plan vests, it compulsory gets converted to pension. You can only commute one third of the total amount.
With Best Regards,
Rajnish Bahuguna
Wealth Manager
MDRT (USA)
The Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an International, independent association of more than 39,000 members, or less than 1%, of the world’s most successful life insurance and financial services professionals from 491 companies in 87 nations and territories. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of sales excellence in the life insurance and financial services business.
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| SRI ARVINDER SINGH HORA , RECEIVED UR MAIL PERTAINING OF MARKET PLUS POLICY AMOUNT IS CONVERTED TO PENSION FIUND WITHOUT CONSENT OF UR CUSTEMER LETTER. BUT IN BUIT CLAUSE IS IMPOSED IN MARKET PLUS PLAN I.E. AUTOMATICALLY CONVERTION TO PENSION. SO, NOW U WANT TO DO ONE THING 2 GET THE TOTAL AMOUNT TO GET BACK TO CUSTOMER. I.E. 1) U TAKE ONE LETTER FROM CUSTOMER MENTION THAT, I REQUIRED BYE PASS SURGERY . ITS COST IS MORE THAN 3LACKS. I AM UNABLE 2 BEAR THE THIS COST. NOW I REQUEST U TO CANCEL THE PENSION FUND AND REFUND THE SAME . LIKE THIS U TAKE ONE LETTER FROM CUSTOMER. 2)MD DOCTOR CERTIFICATE IS REQUIRED STATING THAT, SO AND SO CUSTOMER IS REQUIRED HEAT SURGETY IT WILL TAkKE 3LACK COST. 3) U SUBMITTE THE COSTOMER LETTER AND DOCTOR CERTIFICATRE IN UR BRANCH, THEY WILL SEND TO UR ZONE OFFICE, FINALLY ZO THEY WILL ASK CONSENT LETTER FROM UR CUSTOMER TO TAKE LUMP SUM AMOUNT WHICH IS CONVERTED PENSION WILL PAID BY BRANCH. YOURS, T.RAJA REDDY, B.Com., C.I.S., CHAIRMAN'S CLUB MEMBER CHIEF LIFE INSURANCE ADVISOR NELLORE DIVISION SCZONE (AP) MOBILE NO. 91 - 9440516533 --- On Sun, 9/12/12, Arvinder singh Hora <hjins...@gmail.com> wrote: |