Max Life Insurance Policy

I'm 75 years old. On March 8, two YES Bank Staff came to my home at 12 am. They requested me to subscribe to Max Life Insurance Policy. Based on my previous Max Life Policies from which I had benefitted, I agreed to opt for one more Max Life Insurance Policy again. They got it done digitally. However, on getting the hard copy of my Policy, I came to know that I had to pay yearly premium of Rs 3 lakhs plus Taxes and that for a period of 5 years. Next, the Maturity period of Policy is ten years. And, worse still, my annual income was shown as Rs. 36,00,000/- i. e. Rs. 3,00,000/- per month, when I don't have any recurring income or pension. On questioning the Agent who digitally signed the Policy, she denied of giving a false income and false yearly income inspite of her signing digitally. On contacting Max Life Agent responsible for sorting out grievances, I was told that the lock in period of 15 days is over for the policy to be cancelled and get full refund of the premium amount paid. I'm left wondering how I could be fooled into signing digitally the said Policy, requiring payment of yearly premium of Rs 3 lakhs, for 5 years and wait for another 5 years to reap the benefits. And if I cancel the Policy, I lose the premium amount I paid. Next, in the same policy I'm shown as Proposer and as a Nominee. What if I die? As such, I'm in a dilemma not knowing what to do to recover the said Premium Amount of Rs 3 lakhs + Rs 13,500 tax paid. Kindly let me know if I can take any legal action to cancel my contract and so, recover the full amount paid in spite of being told that my Lock-in period is over. Hoping to hear from you soon. Thanks.