[Resolved]  LIC Varishtha Pension Bima Yojana — Non-payment of monthly pension since April,2009

I took a LIC Policy No.[protected] under the above scheme of LICI on 22.06.2004 and deposited an amount of Rs.266,665.00 with the undestanding that a pension of Rs .2000/- (Rupees two thousand only) would be paid to me by the LICI on monthly basis from the date of taking the policy. Accordingly I was receiving the monthly pensions by cheques issued by the Eastern Zonal Office of the LICI in advance on yearly basis. The system was working very smoothly and I had no difficulty in getting my pensions. But in the month of February,2009, I received a letter No.EZO/CRM/IPP/NEFT dt.05.2.2009, from Eastern Zonal Office of LICI, Kolkata, advising me that as per the RBI guidelines, henceforth the monthly payment of pension will be made on "account-to-account fund transfer" basis and they advised me to furnish some particulars on the proforma prescribed duly countersigned by my Bank branch. Accordingly, on the first part of April,2009, I submitted the prescribed profroma, fillling up the required particulars, signed and countersigned by my Bank branch. But no pension was credited to my bank account. So on 26.08.2009, I wrote a registered letter (Registration No 2944) to the Regional Manager,(CRM), LICI, Eastern Zonal Office, Kolkata, with a request to effect immediate payment of my pension with arrears. But no action was taken on my letter. Finding no other alternative, I sent another letter, enclosing a duplicate copy of prescribed proforma duly filled in, signed and countersigned by my bank branch, under registered post No7873 on 14.09.2009. But all these efforts of mine are in vain. Uptil now, I have not received the pension with arrears from the LICI. I am an old man of 65 years of age and mostly depending on this pension for my livelyhood. This thing was specifically explained to the EZO, LICI, Kolkata in my both the letters. Now finding no other alternative, I am approaching the LICI through this "E-Mail" with a humble request to release my pension with arrears from April,2009. Kindly help an old man to survive in these hard days by taking up the matter with the concerned authority for immediate settlement of my pension. For this act of kindness I shall remain ever grateful to you.
Thanking you in anticipation,

PRANAY KUMAR SEN
Was this information helpful?
No (0)
Yes (0)
Aug 14, 2020
Complaint marked as Resolved 
Complaint comments 

Comments

I am a policy Holder of LICI against policy No.[protected].

Which one is under Pension Scheme.

Till today I have not received my pension cheque for the cominsg session from Dec. 09 to Nov. 10.

I would like to change my Mailing address also to

Surendran Nath kalita, Vill. Cheki (Near PHC). P.O. Hathinapur, Pin. 781325, Dist. Barpeta, (Assam)

Regards
Surendran Nath Kalita
I am a policy Holder of LICI against policy No.[protected].

Which one is under Pension Scheme.

Till today I have not received my pension cheque for the cominsg session from Dec. 09 to Nov. 10.

Regards
Surendran Nath Kalita
Ph. [protected]
I'm an employee of LICI..i've been working as a development officer since 2007. Reading the kind of complaints i feel ashamed of being an LICI employee..i want to ask our policy servicing authorities, is this what a customer expect from a giant insurance organisation?

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Life Insurance Corporation of India [LIC]
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    36%
    Complaints
    6210
    Pending
    0
    Resolved
    2214
    Life Insurance Corporation of India [LIC] Phone
    +91 22 2217 8600
    +91 75 5267 6254
    Life Insurance Corporation of India [LIC] Address
    LIC Central Office, 2nd Floor, Jeevan Bima Marg, Mumbai, Maharashtra, India - 400021
    View all Life Insurance Corporation of India [LIC] contact information