I got my car insurance renewed from Future Generali. After receiving the cover note, I had got an intimation that there has been a claim in the past 1 year and my NCB will be reversed and I need to pay equivalent amount - to which I said OK. They also then asked for an inspection of the vehicle and after inspection informed me that my car is not for insurance and that they will cancel my policy.
However they now insist on charging full years Third Party inusrance premium of about Rs 1000, it has been just 20 days that I gave them my premium and now getting this policy cancelled.
Please let me know if as per IRDA do they have this authority of charging a whole year's third party premium if the insuarnce is getting cancelled with in a month

Thanks
Pallav Johri


Received this query by email

Similar Threads: