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[Resolved]  Lic Jeevan Suraksha Pension Plan — Amount Not received as per LIC offer letter

As per LIC Sandhurst bridge branch letter dated 6.08.08 under refe IPP/ 909/Annuity option/122/0000003 relating to Pension plan Jeevan Suraksha I had given option to receive pension quarterly to the credit of SB Account No. 93413 with IOB Fort Mumbai branch.
On my checking the account there was a credit of Rs. 393 on 1.06.2009 in that account.
But as per LIC letter refered above vide page no. 2, I should get Rs. 514 after commutation of 25%.
I am not satisfied with such mistake even on the first instalment and I am not sure whether LIC will be in a position to continue for another 59 months to continue to pay Rs 514 every quarter without any mistake.
Please let me know whether I can receive entire amount right now I lost confidence
Parvathi Mangalam
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Aug 14, 2020
Complaint marked as Resolved 
Complaint comments  2 CommentsShareTweet


LIC must pay entire assured amount to the beneficiary right now with interest
LIC is not dependable such a long duration. No one should take such long risk with LIC
or any Insurance Company pesion plans

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