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Wednesday, July 24, 2013

There is difference between depositing money to bank and insurance companies.


It is a real experience. Lesson from this experience is we should not be late in paying insurance premium. One of my customer has delayed in paying insurance premium. He did not care as he is ready to pay the late fee. Meanwhile he unfortunately died. His wife the nominee did not get anything!!
As customer  not paid the premium within grace period, (that too in first continuous two years) nothing is due from insurance company!. So kindly take care on this, as there is difference between depositing  money to bank and insurance companies.


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