[Resolved]  LIC POLICY — Non-receipt of Policy Documents in spite of premium deposit for more than 7 years

I took an LIC policy on[protected] by paying Proposal Deposit of Rupees Nine hundred and ninety only for initial two months( @Rs.450/-per month) at LIC office GBO-I at Panbazar, Guwahati-781001 through Agent Sh. Bajranglal Bothra (Code: 09595481, Mobile No.[protected]) and LIC development officer (Code: 394048). B.O.C.Number is given as 7866 in Proposal Deposit Receipt.

I was intimated telephonically by the LIC Development Officer of GBO-I my Policy Number to be[protected].Accordingly, I instructed for deduction @Rs.450/-per month from my salary from May, 1997 onward at my office in ONGC-Sivasagar. Thereafter I kept on waiting for my Policy documents, but it was never received by me. In 85 months from May, 1997 to May, 2004 an amount of Rupees Forty two thousand and seventy five only got deducted as monthly premium of my above mentioned LIC Policy No.[protected].The entire amount got deposited at Sivasagar Branch of LICI under Jorhat Divison.

In June, 2004 I got transferred to ONGC, Ahmedabad. For operational convenience I asked for transfer of my policy to Chandkheda Branch (No.85G) in Dt.–Gandhinagar Gujarat) through my letter dtd.21.05.05 to Branch Manager, LICI, Sivasagar Branch. There has been no official response so far to my letter. But on personal enquiry I have been informed that there is no official document on my policy either at Sivasagar Branch or Guwahati Branch of LICI. My money is said to be simply floating in Sivasagar Branch.

Under these circumstances, since June, 2004 I have not been able to pay my premium .I do not know the fate of my of my policy. Neither I know when my total deposited money of Rupees Forty three thousand and sixty five will return to me nor whether my investment for more than twelve years now will fetch me any return . Kindly look into the matter. Thanking you,

Yours’ sincerely,

(CHATRADHAR BHARALI)
ADDRESS: 5, Shivam Bungalows, Opp. Dev Kutir Bungalows,
Off New C.G.Road, Chandkheda-382424, Ahmedabad.
Telephone No.[protected], Mobile No.[protected]