[Resolved]  Lic Of India — Mistrust, mismanagement & years of agonising dead investment

Address:

Maharashtra

This is the email sent to LIC of India branch 916 in Fort, Mumbai regarding their fraud agent Mr/Smt. RG Kotak who has fraudulently opened LIC policies in our names and embezzled lakhs of rupees such that many of our policies have lapsed. This man went on to open over 70 polices between four policy holders and he has not even cared to provide us with premium paid receipts -- even his bosses at branch 916 are in shock as to how this man could pull off such a major fraud with one family -- imagine what he would have done with many such unsuspecting victims who fall prey to his web of lies and deciet.

Here's my email to LIC:

Dear Sir/Madam,

This is regarding our meeting today at your branch No.916 in Mumbai.
As discussed with you, we are extremely stressed and aggrieved due to
the lapses caused by your agent Mr. Kotak (he goes with the name Smt.
RG Kotak in your records). Not only has his behavior and service been
below par, his constant dodging of our querries has led us to believe
that there is a major scam brewing here.

To begin with, there are policies for which he has not given us the
original document and my father Mr Suresh Kotecha does not even
remember enrolling for these policies. We have sufficient reasons to
believe that Mr. Kotak has enrolled for these policies in our name
without our knowledge and may have even forged our signatures to
achieve his devious goals.

Besides this, while our bank accounts show an outgoing of almost 4 lac
50 thousand as premiums in various polices for the year[protected], our
online records on your website www.licindia.com show much less amount
actually received by the LIC toward our premiums. We need to know
where Mr. Kotak has been putting all our money that was paid to him in
cheques in favour of LIC of India.

Furthermore, due to the above scam/fraud and Mr Kotak's uncooperative
attitude, my family, especially my father Mr Suresh Kotecha has been
under severe stress and suffering from mental and physical agony. I
hereby caution him through you that should my father suffer any more
stress and deterioration in health, Mr Kotak will be held solely
responsible and accountable. He has already caused severe financial
damage to us and breached our trust and now by not cooperating with
us, he is causing even more stress.

Attached herewith is an excel sheet containing the data of LIC
policies held by all four o[censored]s (me, my brother Sameer, mother
Jayshree and father Suresh Kotecha) and the ones that are missing,
which are obviously the policies that Mr. Kotak has opened without our
knowledge.

Request you to go through the data attached herewith and let us know
where our premium payments have been credited, the surrender & paid up
value of these policies.