Cancelling Life Insurance Policy is very easy if you are under free look period (15 days from purchase ). Many investors realize too late that the policy sold to them is very different from what was told by insurance agent. Video explains how to cancel life insurance policy.

If you are unhappy with your insurance company , approach the Grievance Redressal Officer of its branch or any other office that you deal with.

Click link below for mail ids of Grievance Redressal Officers, GRO, of all insurance companies
https://www.policyholder.gov.in/uploa...
Give your complaint in writing along with the necessary support documents an take a written acknowledgement of your complaint with the date. The insurance company should resolve your complaint within a reasonable time.

How to file complaint against Life Insurance Company in India ?

In case if it is not resolved within 15 days or if you are unhappy with their resolution you can approach the Grievance Redressal Cell of the Consumer Affairs Department of IRDAI:
Call Toll Free Number 155255 (or) 1800 4254 732 or
Send an e-mail to [email protected]

Make use of IRDAI's online portal - Integrated Grievance Management System (IGMS):
Register and monitor your complaint:
http://igms.irda.gov.in/

Send a letter to IRDAI with your complaint:
Click link below to download Complaint Registration Form
https://www.policyholder.gov.in/uploa...

Fill and send the Complaint Registration Form along with any letter or enclosures, if felt necessary, by post or courier to:
General Manager
Consumer Affairs Department- Grievance Redressal Cell,
Insurance Regulatory and Development Authority of India(IRDAI),
Sy.No.115/1,Financial District, Nanakramguda,
Gachibowli, Hyderabad-500032

Queries answered:
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IRDA Grievance Procedure

Hope you found this video useful.

#IRDA #GrievanceProcedure #IGMS