Dear team,
This surreddy.karri having insurance policy with bajaj allianz life insurance company ltd,details as below
Annual premium 100000
Date of commencement- 21-08-2007
Plan Capital unit gain
Mode of premium annual

Due to some personal reasons i unable to pay my premiums regularly from last 2 years.i already spoke with bajaj people for settlement option but they refuse that reasons is that there is no value for lapse the policy before three policy years.
As for policy document they given option for nonpayment of regular premium clause no 5 sub clause B-1,2,3
Details
B1 the policy shall immediately lapse along with all insurance covers
2The policy holder may revive the policy within a revival period of two years from the due date of first unpaid regular premium subject always to section5D below,failing which the contract shall be terminated and 100% of the value of accumulation units in respect of regular premiums as on date of lapse ,and the top up premium find value ,if any shall be paid at the end of the third policy year or at the expiry of the revival period ,whichever is later .
3,if policy is lapsed and the death of the life assured happens,the existing fund value would be paid and the policy will terminate. immediately

As for this policy company need to pay accumulated units or fund value but they are not accepting the same.

So please consider the same and revert asap.i can also ready to pay decrease in premium amount and i will regularize the
policy 20000/-annually.

Thanks and regards
Surreddy.karri
9595433533