Indian Post — Postal life insurance - increased maturity date and decreased premium without information

Address:	Ranchi, Jharkhand, 829108
Website:	www.indiapost.gov.in

I purchased a pli policy (Ea-50) {policy no. Jh-111130-uc} on[protected]. I have been depositing monthly premium of rs.4350 from may 2012. But when i went to deposit my premium in january 2016, the representative at post office said that the monthly premium has been decreased from rs.4350 to rs. 1945 and also the date of maturity have been extended from[protected] to[protected]. All these changes were done without any prior intimation to me. The bond paper issued by the postal department clearly shows the maturity date as 08 may 2016 and the monthly premium as rs.4350.

The bond paper clearly justifies this fact. What will be of my hard earned money that i have been depositing from the beginning? Will the postal department return the excess money which i have deposited? For instance, if they return this, will they pay any interest on the extra sum as post office doesn’t hesitate to take fine if the deposit is late for a single day.

Now, i am tired and got fed up by this whole postal department. I have got irritated by the attitude of postal department. The issue have not been resolved yet even after several complain in last 10 months.