Life Insurance Corporation of India [LIC] Complaints & Reviews

I have not received the commission of following LIC policies, which are transfered but the premiums are regularly paid by the party.
1.[protected]
2.[protected]
3.[protected]
4.[protected]

These policies were transfered from Vapi (868) to Mathura in year 2004-05. No commission received from last 6 years. I have confirmed from the insurer that all these policies are in force and regular premium is being paid.

My Agency code[protected].
Address: Hemant S. Bhati, 147/1, mangalmurty, G.I.D.C. Colony,
Umbergaon - 396171. (Gujarat) Tel. [protected]/[protected].

Please expedite.
Thanks

Date: 5th March 2010

I had requested IT certificate from LIC Housing Finance Ltd (Vashi Branch) against my loan a/c no.[protected]the phone was picked up in the first attempt on that particular day) and was promised that I will receive it by next day evening.

Now, as on 5th March 2010 it has been 3 days I did not get the document via courier as told. Since yesterday I am trying to call LIC Housing Finance (Vashi) - the phone numbers either keep on ringing with no one to attend it seems. The very next moment when I tried - kept getting the message the number is busy call after some time. I am continuously trying in vain - phone goes no ringing / either engaged. Its seems they are not at all picking up the phone. When they hear it ringing several times, they just keep them on hook.

Is this the way a company like LIC should work? Such an attitude will waste the consumers time and energy causing unnecessary stress. I am now thinking how to call them in this 21st century without physically visiting them.

Ref : Policy NO.[protected]
I have paid my dues on 25/02/2009 at Santacruz, Mumbai Branch & same day applied for Policy Transfer from Thane to Chembur Branch. My policy has been transffered to Chembur Branch but my payment of policy is not reflecting in policy status. Even after several followups, application & inquires my policy status is not yet changed. One year is over. Kindly look into matter & do the needful.

Peter D Alhat

Sub: Change of Bank Mandate - Mercy Vijaya P .. Master Policy No.GSCA / 41072 .. Annuity No.071H[protected] - Trust Code : 0713592
Ref: My Letter dated 11.11.2009

This has reference to your Letter version 7.05.1, dated 12.6.08. This also has reference to my Letter dated 11.11.09 sent vide Chennai Fast Couriers No.0028763, dated 11.11.09, requesitng for change of Bank Mandate, wherein no action has been taken from your end.

Please note that for my Annuity Amount I have given mode of credit as ECS at ICICI Bank Limited, Nungambakkam, Chennai, SB Account No.[protected]. As I am planning to close ICICI Bank, savings bank account mentioned above, I kindly request you to change my Bank mandate to Indian Bank details given below:

INDIAN BANK
Nandanam Branch (1443)
480 Anna Salai, Nandanam
Chennai – 600 035.

SB Account No.[protected] ….. MICR No.[protected]

Kindly change my Bank Mandate at the earliest. On receipt of your reply I will organize to close my ICICI SB Account.

My LIC policy No is[protected]. At the time of maturity, I opted for drawing pension through ECS. I also enclosed a photocopy of my cheque which clearly bears the details required for ECS such as SB Acct No, MICR No, Name and address of my bankers etc. Despite all this, I was issued with cheques for the first one year commencing 01 Apr 2010. The advise note attached with the cheques reads "avail ECS facility at Delhi (NCR), Jaipur, Chandigarh - Contact Branch/ZO IPP Cell Anyway I have approached the Branch Manager of the LIC office at C-29, Community Center, Naraina Vihar New Delhi on 02 Mar 2010 and provided the details for ECS once again. I humbly request the LIC of India to please look into the request so that the chances of misplacing/postal detays while despatching cheques can be avaoided. Moreover this is a good means of speed and savings at both ends

Mariamma Joseph
DDA (SFS) Flat 84, Sector-2, pocket-1,
Dwarka, New Delhi-110075

I have paid premiums for 2# Policies of LIC through LIC's official portal by netbanking and the amount of Rs.17050/- has been debited from my acount but I have not yet received any e-receipt from LIC.

ICICI bank trnsaction ID BIL/[protected] dt. 28/02/2010

Hi sir,my lic money plus no is[protected] . now i want check wheather i get any profit or not .this policy is taken in 2007....

sir I am having two money plus pluses. I want to know my fund details as on date. Please send by e-main at present status of mu funds. Policy Nos: 1. [protected]
2. [protected]

I have availed HL of Rs.23 lakhs from LICHFL in January 2005. ROI was @ 8.25% p.a. fixed for 5 years. Now, I have received an email from the Area Manager, Thane that my ROI is reset at 10% Floating from January 2010. Since I was getting a better ROI from another Bank, I decided to switch over my HL account from LICHFL to that Bank. I asked for foreclosure letter from LICHFL. There they have indicated prepayment charges @ 2% on the outstanding liability which works out to Rs.44000. Plus they have added service tax on this amount @ 10.30%. My contention is that since switchover is because of the fact that the higher ROI stipulated on reset is not acceptable to me therefore I should not be charged any prepayment charges.

Please guide me on my stand.

I, Saroj Kanti Samanta, resident of Vill-Hatabari, Udayan Cinema Road, P.O. Contai,
Dist. PUrba Medinipur, West Bengal, PIN-721401 taken a LIC Money Back Policy No.[protected].
I took loan from that policy and repaid it on 11.12.2009 I am awaiting for my Policy Bond
refunded. Suddenly on urgent need of money for medical treatment I apply for fresh loan.
The loan officer Mr. Mohanti refused my loan application saying you are not entitled to get
loan several times. When I beg him describing my urgent need of money for medical treatment,
he roughly misbehaved me saying how can I find your Policy Bond among 30 Thousand Policy. He
cut down my loan application and return it to me cancelling the loan application.

Thereafter I personally meet Mr. Panda, Sr. Branch Manager, Lici, Contai Branch and
request him to grant my prayer. I am sorry to say that very disgusting and painful behavior
is offered by Mr. Sr. Branch Manager. He said, he could not do anything. The loan officer's
decision is final. I have to wait a undefined period to get my Policy Bond refunded. He is
quite busy to handle my problem. Inspite of all my efforts to convince him my urgency of money,
I was returned home with cut down loan application prayer and loan application form.

I request you to please get this matter resolved on the highest priority and please
take a serious action against Mr. Senior Branch Manager so that in future no other customer
would suffer like me.

last month i have sold approximately 5 to 6 policy to the clients payment through ECS . I found theat ecs information for deducton of payment to the bank manegment does not come in time as per the he bank what they told me and that give rise to dis houner of the ecs mended and cash payment instruction comes to our clients and this particularly happens in case of state bank kachahari branch and ramsagarpara branch raipur where as with axis bank centran bank problem is not there. i strongly feel that this is the problem to hte state bank from you that they do not receive proper documents or information from you. and before i give my policy detail which in problem i would like to know whether you are dealing with ecs and giving service to lic of india i am agent of lic raipur cg.

Sir/madam i forgot my policy id and password please help me as earlier as possible

policy no:[protected]
premium:5245
dob:30/08/1984

Sir,
I have taken loan from you in Aug.2009 amounting to Rs.1780000/-. EMI was fixed as Rs15735/-.Last month all of a sudden EMI of Rs.17130/- was deducted without any reason and without any early notice.
I appeal concerned senior officers and request them to look into the matter.
Loan Account No.[protected], Appl.No.127811