Life Insurance Corporation of India [LIC]

[Resolved] Lichfl — Reduction of EMI

hiyasalam

from Kolkata, West Bengal

Address:

Bardhaman, West Bengal

Two of my policies were assigned to the loan account no [protected]. One of this Policy matured in July 2013. The lilichfl received the payment on sep 2013 But the statemenent shows that the deduction of that amount seven lac ninety thousand made from the principal on Feb 2014. Still now they r charging the same EMI as they used to charge before. I wl be thankful to you if kindly look into this matter

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Aug 14, 2020

Complaint marked as Resolved

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Comments

myloandetails

from Bangalore, Karnataka

Banks/NBFC charge same EMI amount even though you make part payments which were directly credited to your principal amount thus by reducing the outstanding amount. In your case LICHFL reduced the tenure but not the EMI, please check with your loan account once which can definitely show you lesser tenure.