I applied for Personal Loan in ICICI bank in the monthe of Sep 2008
and the Personal Loan was approved and i got a call From ICICI Lombard insurance They said there is a Policy on Personal Loan ( in case of medical illnes or loss of Job then ICICI Lombard will pay the EMI for 3 months (premium 3k).
The Amount was debited to my Citi bank account on 13th sep 2008 by ICIC bank by debiting the Insurance Amount and other charges form the ICICI bank.
And after some days i received the Policy Copy Stating that Policy start date was 22nd Sep 2008 and the Policy will apply after 90 days from the start date of premium.
As of now the insurance policy will start from the date of the Check given to the Company.
when i gone to the ICIC bank they Provided me the Bank statement in that they had paid the Amount to me on 17/09/2008 (but i recived the amount on 13/09/2008 to Citibank account) and they paid the 3k to ICICI Lombard on 17/09/2008
But my Policy was started on 22nd sep 2008
But unfortunately i lost the job on Dec 19 2008
now they were saying that u r not elegible for the policy