What should I do if the policy I received is different from what I opted for?
If the policy you received is different to what you actually opted for, you may return the policy
I discussed and finalised a life insurance policy with my agent. When I received the policy document, it was different from what was finally discussed. What option do I have?
Hari Nandan Sharma, Simla
If the policy, you received is different to what you actually opted for, as per IRDA guidelines, you have the option to return the policy. If you return the policy within 15 days of the receipt of the policy, you will get your premium back. There may, however, be some minor deduction on account of administrative expenses of the insurance company.