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My premium payment through FedNet was rejected by LIC due to some reasons. Will I get the amount credited to my FedNet linked account?

April 26, 2017account credited fednet lic linked payment Premium reasons

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My premium payment through FedNet was rejected by LIC due to some reasons. Will I get the amount credited to my FedNet linked account?

1 Answer

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Yes. Your FedNet account will be credited with the amount of the attempted payment. But this may take some time as the details are to be returned by LIC , if it is due to an issue with the Policy.