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LIC of India - Balance amount in the policy

 
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  Consumer Complaints
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The LIC of India

Subject :- Policy No 635523983,
Sum Assured 5Lak ,
Premium Amount 12130/-

Dear Sir,
With reference to the subject Matter, the policy holder Mr. Paris Ranadive Bearing Policy No 635523983, opened an LIC account in your company through an agent.
It was initially been explained the term will be for 30 Years where the Premium Amount is Rs.12130/- half yearly.
The Total sum assured for a period of 30 years will be Rs. 7,27,800/- where as in the policy shows the sum assured is Rs. 5lakhs. This signifies that I am paying 227800/- more, & which is not been tallying to the balance sheet.
Consulted the agent regarding this issue, as could not get enough authentic reply .
I believe myself that this complaint will be handled by you in the right way at the right time and solve this matter on priority basis and will re correct it.
For any issues contact me on: 09901601808

Thanks,
Paris Randive(ravi_7574 @rediffmail.com)
A/P: Shankarahatti
Tal: Athani, Dst: Belgaum
Karnataka PIN – 591220
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    LIC of India - Balance amount in the policy