[Resolved] Irda — No Action on my complaint | |||||
Consider the below numbers and see how such Financial Advisors in LIC can damage Indian Economy. Total Financial Advisors in LIC - 10,02,149 Take 1% of them doing this fraudulent activity - 10,02,149 * 1/100 = 10021 agents Considering each agent like Bikram Parida has done money laundering with 25 customers - 10021 * 25 = 250525 customers Considering each customer has paid an average ticket size of 10000/- = Rs. 250,52,50,000 I'm really not able to imagine this loss to customers and as a whole to the Indian Economy I've also submitted a complaint at IRDA Office on 20/12/2010. Why no response from IRDA? Is that IRDA taking my complaint very lightly. Like me so many customers are cheated by LIC Advisor Bikram Parida & Branch Manager Gopikrishna or Is that like Telecom Scam there is a huge scam in Insurance Industry also.. Policy details are given below: Application no: 66753 Proposal No: 6645 Agent Code No: 118473M Branch: CB 18 DO Code: 83864 Policy No:[protected] Policy Date: 28/12/2009 Premium: Rs.16847 Plan: Jeevan Anand (with Profits & with accident benefit) I've given Rs.16847/- in cash to Mr.Bikram Parida (Agent Code 118473M) in the month of December (28/12/2009). I've received the premium receipt and policy documents also. I went to LIC Branch near AG Office, Telephone bhavan for paying renewal premium and they told that the policy is in Suspension mode due to Cheque dishonoured. I told them that I've paid first year premium in Cash mode and I've received the policy documents also. They informed me to get in touch with the Branch office at Musheerabad. On 16/12/2010, I went to Musheerabad LIC Branch office and met the Branch Manager Mr.Gopikrishna. He told that already few customers have complained about the Agent and that the agent Bikram Parida is absconding from April 2010. The branch has also complained in Gandhi Nagar Police station for an investigation on the Insurance agent. Branch Manager is telling that there is some money laundering done by the Insurance agent. Branch Manager's response seems not satisfactory. He speaks as though he cannot help out in this case. That is not expected from a Branch Manager level. I've not received any intimation on cheque bounce or Suspension status. When I enquired to Branch Manager Mr.Gopikrishna, he is telling that we will send you soon. After one year of suspension only LIC is acting on sending an intimation to customer. Very pathetic handling of accounts. Kindly bring some Regulations on LIC Financial Advisors Kindly do the needful. thanks & regards Madhusoodhan B +91 [protected] Was this information helpful? | |||||
Aug 13, 2020 Complaint marked as Resolved | |||||
 5 Comments | |||||
Comments
Mr. Madhusoodhan B,
I read ur informations, and i feel realy too much disapointed and sorry for that person. As i am also an Agent of LIC, I hv many clients who deal more than 5 cr. in year. and also i hv some clients whose yearly premium is just 4800, but always i gv advise to my all clients to use cheque for any financial transaction. it is a sefty and legal way of dealing for both way. please use always cheque with a/c payee to directly name of Company.
Thank you.
Priyanka Sen
code: 01521/43G
Agent of LIC of India
Kolkata Branch (43G)
I read ur informations, and i feel realy too much disapointed and sorry for that person. As i am also an Agent of LIC, I hv many clients who deal more than 5 cr. in year. and also i hv some clients whose yearly premium is just 4800, but always i gv advise to my all clients to use cheque for any financial transaction. it is a sefty and legal way of dealing for both way. please use always cheque with a/c payee to directly name of Company.
Thank you.
Priyanka Sen
code: 01521/43G
Agent of LIC of India
Kolkata Branch (43G)
I advise you that at-least in future don't give cash to an unknown person. You should have paid the First Premium in the form of a Cheque. What a Branch Manager can do in this case. He has got no authority to inquire a mischief complaint against a person. You must be able to accept your mistake i.e. paying cash to an unknown person. Even IRDA also cannot help in this case. You must lodge complaint in a police station against Bikram Parida. I sincerely request all those who read this article that never pay any amount to an unknown agent also avoid making cash payment to known agent. Always pay the premium in the form of a cheque. Best of luck.
sir,
my name is roshni thakkar i have maill in irde to delete my urn number but irda do not takr any action sir ply... halp me to delete my urn my mobil no is [protected]
my name is roshni thakkar i have maill in irde to delete my urn number but irda do not takr any action sir ply... halp me to delete my urn my mobil no is [protected]
my name is ajay kumar working tata aia life n i want to delete my urn no becouse i leave tata kindly help [protected]
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LIC Insurance Advisor — Fraudulent Advisor in LIC
Policy details are given below:Application no: 66753
Proposal No: 6645
Agent Code No: 118473M
Branch: CB 18
DO Code: 83864
Policy No:[protected]
Policy Date: 28/12/2009
Premium: Rs.16847
Plan: Jeevan Anand (with Profits & with accident benefit)
I've given Rs.16847/- in cash to Mr.Bikram Parida (Agent Code 118473M) in the month of December (28/12/2009). I've received the premium receipt and policy documents also.
Two days back, I went to LIC Branch near AG Office, Telephone bhavan for paying renewal premium and they told that the policy is in Suspension mode due to Cheque dishonoured. I told them that I've paid first year premium in Cash mode and I've received the policy documents also. They informed me to get in touch with the Branch office at Musheerabad.
Today(16/12/2010) I went to Musheerabad LIC Branch office and met the Branch Manager Mr.Gopikrishna. He told that already few customers have complained about the Agent and that the agent Bikram Parida is absconding from April 2010. The branch has also complained in Gandhi Nagar Police station for an investigation on the Insurance agent. Branch Manager is telling that there is some money laundering done by the Insurance agent. Branch Manager's response seems not satisfactory. He speaks as though he cannot help out in this case. That is not expected from a Branch Manager level.
I've not received any intimation on cheque bounce or Suspension status. When I enquired to Branch Manager Mr.Gopikrishna, he is telling that we will send you soon. After one year of suspension only LIC is acting on sending an intimation to customer. Very pathetic handling of accounts.
Kindly do the needful.
thanks & regards
Madhusoodhan B
+91 [protected]