AXA 3rd pillar policy, No premium paid, cancel option?

Dear Mustachians,

I have already read two existing discussions but my situation is Little better i guess :slight_smile: i fall into same trap and now i wish i would have found this Forum before.

i signed such a policy and now i have first premimum pay slip in front of me.

I am wondering is there a way to get out of this sh#@ before it is too late?

suggestions are highly appriciated.

Thank You.
-Mohit-

2 Likes

If this is the first premium, then just dont pay. They will cancel the policy and you will have escaped.

2 Likes

Bad advice. Make sure to cancel explicitly. Not paying the bills generally is not cancellation and insurance can still enforce payment for the insurance coverage provided (~ XXX Fr/y for basic life/disability cover)

3 Likes

Thank you both for your time. I will reach the broker to see what he has to say. if that does not work then i will reach AXA directly to see if they are better than broker. I wish i would have found this forum before.

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