Extra Charge on my premium with Kotak Life Insurance

Location/place: Chennai

Name of company/service: Kotak Life Insurance

I would like to complain about the extra amount added to my monthly premium for my policy 02382728 with Kotak Life Insurance.
My monthly premium as per my policy is 2500, however since the last 2 months there is an addition of Rs. 38 to my premium which rounds up to 2538 on a monthly basis which is included to my premium without my intimation.

I would like to have an explanation on this and want to know the reason for increasing the monthly premium amount without any intimation to me.
If not i would like to cancel the policy with Kotak and have my entire amount refunded back.


Comments

One response to “Extra Charge on my premium with Kotak Life Insurance”

  1. Dear Sir,

    We would like to inform you that, revised service tax rates for the financial year 2012-2013 as per Union Budget presented on 16th March 2012. The revised service tax will be levied on the premiums/ charges according to the plan type for premiums payable by policyholder on or after 1st April 2012. For any clarification please write us on [email protected] ID.

    Regards,
    Kotak Support Team.

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