Life Insurance Corporation of India [LIC]

Life Insurance Corporation of India [LIC] — Didn't receive policy surrendered money

SyedIbra

from Delhi, Delhi

Address:

600020

This is Syed from Chennai, I surrendered my policy[protected] by 28-Sep-2016 after paying premium for 13 years, but didn't receive the money till now, even though calling Adyar branch (Near to signal) no proper response.
To be honest I am wondering to understanding why do you (LIC) need one month for refunding my money you are holding currently, this is a very poor trend, it makes me not even think about LIC going forward in future.

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Life Insurance Corporation of India [LIC] customer support has been notified about the posted complaint.

Oct 18, 2016

1/2's response Sir mai Agra up me service me tha kuchh samay pahle mai transfer me Raigarh cg aa gaya .Ab meri policy ko bhi mai transfer karvana chahta hun . please aap meri policy ko transfer kar de.
mera policy no.[protected]
mera letest adress :- EWS 07 Chhote Atarmuda T V Tower Raigarh C.G. hai
Contact No [protected]

Oct 24, 2016

Updated by SyedIbra When we surrender the policy it is very obvious that there is a need for money, if LIC takes one month for refunding money back, it is not helping the surrender purpose. Can you please help to get the money at the earliest?