[Resolved]  Lic Jeevan Shree[protected] — Non-Response for Transfer of policy to Jamshedpur

Address:

Saran, Bihar

Dear Sir,

I, Prafulla Ranjan, presently residing at 28-C, Road No.8, Vijay Nagar, Behind Agrico Company, Jamshedpur - 831009 have a L.I.C policy no.[protected] of JEEVAN SHREE from Chapra branch no. 5012. I have a loan of Rs.150000.00 against this policy. To service this loan I want my policy in my residential town, as I have undergone a hip-join surgery and not able to travel. As per LIC Sakchi Branch in Jamshedpur, policy can be transferred even if loan is there, as the policy remains with LIFE INSURANCE CORPORATION only.

I want this policy to be transferred to the address given below:

Life Insurance Corporation of India
Jamsheddpur Branch-3
Branch Code - 55F
AKASH BHAWAN, 89/A
WATER TANKS ROAD
NEAR [censored]LA MANDIR, SAKCHI
JAMSHEDPUR - 831001
PHONE NO. 2426121


I have sent e-mail for this action to the concerned branch and they have not replied to the mail. They are not responding to telephone calls too.

After I contacted my brother, who was in chapra for some personal job, he in turn contacted LIC office there and they are saying that policy can-not be transferred as the loan has not been cleared. There is gross confusion regarding rules-regulation of policy transfer. Also LIC Chapra Branch-2 is trying to formulate special laws as per their choice.

Please look into it and help resolve this issue.