Life Insurance Corporation of India (LIC) — LIC OFFICE RAILWAY STATION ROAD KINGSWAY NAGPUR 440012

Address:

Nagpur, Maharashtra

Respected Sir, I have taken LIC JIVAN SARAL (WITH BENEFITS) Policy with Policy No.[protected] on 14/09/2011. Premium for the above said policy was 1021 per month and total months were 40, which means total money paid by me to Life Insurance Corporation of India through premium comes to Rs. 40840 and I surrendered the same policy in 01/2015, i.e. on completing of 3 years 4 months. On 02/02/2015, 05.33 PM I received message from LIC on my Mobile No. [protected] stating that, "Dear Policyholder, we have registered your policy no[protected] under NEFT with STATE BANK OF INDIA under A/c code xxxxxxx1917". And on 07/02/2015, I received amount of Rs. 24, 114/- through NEFT in my State Bank of India Saving Bank A/c. Sir, if you calculate the difference in the amount paid by me to LIC through premium which is 40840 and the payment of Rs. 24114/- which I received from LIC through NEFT in my SBI saving bank a/c. comes to Rs.16726. I am feeling cheated. May be there are some charges to be paid towards surrending the policy before actual terms of 15 years or may be the policy is market dependent but there should not be loss of Rs. 16726. Upto 3000 to 5000 loss is acceptable but diffrence of Rs.16726 is not acceptable in any circumstances. Please, help me in this case. I will be thankful to you. My contact details are as under DINESH MAHADEO KOLHE Plot No. 125, Near Ganesh Temple., Bhawani Nagar, Bhandara Road, Pardi, Nagpur - 440008. Contact No. [protected]. E-mail id - kolhe.[protected]@yahoo.com