[Resolved]  Life Insurance Corporation of India (LIC) — avoid this company at all costs

Address:Indore, Madhya Pradesh

Sir, I have taken above Policy in March 2007 with sum assured for Rs.00.50 lacs.

As per my record since sum assured was Rs.0.50 lacs and therefore I have to deposited only 5 installment of Rs.10, 000/- each on every year from 2007, where as I have made total payment for Rs.0.60 lacs in 6th installments.

I have received Rs.62, 738/- in May 2013 against total payment already made for Rs.60, 000/-which seems very less.

Should I get refund of Rs.10, 000/- already paid extra and plus other maturity /bonus payment as per terms of the policy.

Please favour me and send the reply.
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Aug 14, 2020
Complaint marked as Resolved 
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