Life Insurance Corporation of India [LIC] Complaints & Reviews

sir i am lic agent of lic of india i am using the portal of lic since long time but from last few days my portal login id saying invalid so please do the need as soon as possiable

thanking you



your faithfull
lic agent ( m.prabhakar )

I am an LIC agent with agent code 02716309 in MG rd branch. Recently I submited a policy and i should get around 15000 in whole and apart from that the Bonus. After submited the policy and i got the policy bond with FPR. they transfered the commision also. after few days they took the money out of my account saying that i need to submit some more policy then i wil get this amount. they said my license is going to expired in fewdays.

My question is when my license was not in force why the branch accepted teh proposal. they took the policy and blocked my commision of 15000. DO was not supporting me also. i checked with other branch also they said i should get the commission since my account was active when i submited the proposal.

kindly take immediate action on this.

My name is S Ramachandran. I have availed loan from LICHFL While closing the loan they have told me to charge penal interest and overdue interest. But based on my case the LICHFL TRICHY has kind enough consider the case on the merits and waived all the extra costs.Thanks to LICHFCL TRICHY,and I humbly ask the publishers not to publish the previous my anguish in your column Thanking you

My Name is S Ramachandran. I have availed loan from LICHFL TRICHY TAMIL NADU last year. Now 15 days back i have paid Rs 14.27lac from my Own sources At that time they told to remit Rs 14.52lac. After enjoying and accounting the amount in LICHFCL AC. now they have informed me to remit furthet Rs 37500/_ with pre pay payment penalty and broken interest of Rs 7500+ closing charges Rs 3700/_Actually they have accepted the amount of Rs 14.27lac without penalty. Pls advice them accordingly immediatly to release me original documents

What basis LIC announcing Highst NAV

i have taken wealth plus march2010 ,NAV is 10 and number of volume is 3700 for Rs.45000.
What is this ????????????????
i am not able to get break up of service chages.it mean hiden charges.

NOW,the premium is 3 years and 8 years completion time. i have paid only 1 year premium,becs of non surity of LIC and NAV not grown.

this policy will be possible to claim after 3 years mentioned in online.

if any body suggest to me, what will be the my return 2010 to 2013.

Sir,
I am Unable to login in LIC online Portal while Registering in its portal they ask to enter policy No. and the premium paid by me,but while entering these data they give me a message that ' your policy No. submitted by you is not valid.

Numerous times i have mailed them but i have not received any answer from LIC.

Please make some arrangements.

Thanking You

Regardsbr...

I have taken Loan From LIC housing Finance Limited on 20th Sep 2010 of Rs.28,50,000/- tenure is 22 years
EMI was set @ 25308 / Month,

Now i have given written request to the Pune, Baner Branch as process suggested by Bank Executive to increase EMI amount from 25308 to 30,000.

I am calling them every alternate day once they did not pick the phone if they do then they give one or the other reason to update the details

i have submitted my application on 1st Sep 2012 and bank executive has promised me to complete it by 5th Sep 2012 & EMI of 15th Sep 2012 WILL be increased to 30,000/-

Now Executive is refusing saying that system is not accepting, i will try, you can make prepayment every month, why to increase EMI, etc

Please help me and give solution to over come this problem

Today I was going to pay premium of 2 Policies[protected] and[protected] of my son through LIC site but found they are lapsed

with last payment received on 27 Mar 2010. The commence date is 28/3/2008.

I am sure I had paid cheque's and then through net banking (Citi bank). But since my account is closed in citi bank am not able to

get the details. I had also not got intimation/notice of policy getting lapsed by LIC or from Agent.

LIC should have sent me policy lapse intimation if my premium was not paid after the grace period, so that the reinstatement amount would had been marginal. I am getting to know on my own after the lapse period gone for 2 yrs.

I request the concern authority to look in to this matter and resolve my complaint at the earliest.

Thanks,
Pranav Gandhi
[protected]

Sir,i have a complaint regarding the non updation of premium amount.
my name is Girish solanki
my policy no.[protected]

I am living at Ahemdabad and my policy maked from Kerala.
Actually the policy has been done in kottayam division but since 2 years we are living in Ahmedabad and last premiuam deposit from Sirohi (rajasthan).
My brother had deposited the premium amount was 03,October 2011 and next premium is in 24, September 2012.
But thing is last premium is not updated on the account as a result of which when my wife gone for depositing premium amount today in Ahmedabad branch , he was told that the premium amount of October is also left and still it has not been updated and also policy is closed .

After complaining to the LIC office at Ahmedabad (Gujarat), where i used to deposit money they told that"they are not the authorize person to do any changes or updates in the account".

Now you tell me what to do,will i think that my money has just gone and i again have to deposit the amount or there is alternate option.

As a proof i have the receipt given by the man present at the deposit window when i have deposit the money in the 03, October 2011.


Please do reply as early as possible.
Thanks

Sir I had given cheque dated 10/10/2011 drawn on Union Bank of India amounting to Rs.30156 for paying premium to my policies and its an LIC agent who received the cheque and cleared from my account on 13/10/11 and so far my policies are in lapse condition and the sum assured is around 10 lakhs and if something has happened means my family will not get sum assured from LIC since the policy is under lapse condition. Till 20/9/12 my policy premiums are not paid. Kindly take strict action against the agent.

Dear Sir,

The undersigned was sanctioned home loan by LIC Housing Finance Ltd, Upasna Tower, I floor, Subash Marg, C-Scheme Jaipur on[protected].
The total senctioned amout for this was Rs 24 Lacs. Out of this I received Rs. 23,08,000 in two instalments.My loan A/c No. is[protected]. This loan was senctioned under under Griha Prakash Scheme with 8.75% per annum floating rate of interest with LHPLR minus 250 bps. Monthly EMI for re-payment of the loan @ 8.75 per annum rate of intrest was fixed as Rs. 26976.

As against this instalment LICHFL started charging EMI of Rs. 29359 per month without giving valid reason for the charging this higher amount of EMI. After some time vide their letter No. LA : 119208 dated[protected], Area Manager LICHFL Jaipur informed me that rate of interest has been revised by 50 bps on the housing loan scheme w.e.f. 1st October' 2010 (payable in November' 2010). Therefore the applicable rate for the loan would be 10.50% floating. Consequently the EMI stand revised to Rs. 30711 from[protected]. With this the payment period for this loan was also extended and last instalment of loan was made due on[protected], which earliar was[protected].

After few months I received anothe letter No. LA : 119208 from Area Manager LICHFL Jaipur, intimating me about further revision in the rate of interest of my loan account No. :[protected] by 50 bps with rate of interest 11% floating and started charging higher interest w e f January, 2011(payable in Februry'2011). Based on this my loan repayment period was revised to 123 months from 119 months. and last installment of the loan was made due on[protected].

After some monts , I enquired from the Area office of LICHFL Jaipur about the rate of interest being charged against my loan account. On this to my surprise it was informed that the rate of interest has been further revised to 11.90% per annum floating. For this they have further revised the loan payment period. No intimation /information regarding this revison of interest from 11% to 11.90% was received. This they have done unilaterly without keeping the customer informed.

Recently i enquired from one of the office of LICHFL about prevailing rate of interest on housing loan at which they are sanctioning the housing loan. It was informed that the rate on housing loan is 10.5% only. But against this they are charging much higher interest of 11.90% from their old customer. This act of LICHFL is beyond my understanding and I shall consider this as clear exploitation of a customer like me. If LICHFL will continue to behave like a Marwari businessman and continue to increse rate of interest without giving any reason and also without intimating me I will never be in a position to repay my loan. This government organisation is behaving worse than a private organisation / Bank.

It is requested to kindly look into my grievaces and advise LICHFL to do some justice to a customer like me by reducing the rate of interest which they are presently charging to 10.5% per annum, which is being charged by most of the financial institutions in the country.

Thanking You.

Your's Sincerely
Ramesh Chandra Meena
905, Kailash Tower
Kaushambi, Ghaziabad-201010
E mail- [protected]@gmail.com
Mb : [protected]

Hello Sir,
I just wnt to inquire from you regarding my Jeevan Anand policy which I took last year at a premium of 25000/ Rs per year for 15 year at the time of buying this policy our agent gave us Rs 6000 benefit and took only 19000/ Rs only which Know I want to discontinue it any further and he is asking 50% benefit back from us ie Rs 3000/ just want to inquire whether I am bound to pay him the amount and if so why and how much.? as I had already have loss of 19000/ as i had asked for any refund if possible and for that he said no refund as it is only possible after 3 installment ; please solve my query I will be grateful to you , Thanks in anticipation.

status of my polliy o[censored]nits thankhu

R/sir,

i have opended LIC's Jeevan Varsha policy [protected] for Rs. 50,000/- on[protected] by name of me Yerikalapudi Govardhana Rao S% Y.saibabu sincerely i paid Rs, 7000/- to LIC branch due to some family domestic problems i have not continue the policy now i am studying final degree i need of money i want to cancel the existing policy, in this connection i request to returned so far i payed amount to me and help me.on humandary grounds i once again request sir please do needful help to me and advise concerned for help me and solve this problem early.i have visited the Guntur branch requested the concerned officers for return of money for cancellation of policy pl do justice to me

The following details are given below for your kind perusal and further necessary help
My Name: yerikalapudi Govardhanan Rao
Policy NO: [protected]
Address
Y.Govardhana Rao s% Y.saibabu, D.No 5-3-12, 2/2, Brodiepet, Guntur-2 A.P
cell NO; [protected]

Dear Sir,
I have policy of LIC of India started from March'12. I have given my willingness to debit the monthly premium from my saving account through ECS of SBI/Main branch, Nagpur for which i have submitted Policy holder mandate form with certified from State Bank of India , Main branch, Kings way Nagpur to LIC of India Sadar branch, Nagpur.

It is very painful to inform that no any payment has been deduct through ECS for the same.When it was inquired by me from the Branch Manager of LIC of India, Sadar Br. office 973 Nagpur there replied was so avoiding and mischief. The same response have got from SBI, main br. Nagpur.

Sir for avoiding discontinuation of policy i personnel deposit the premium to window of LIC of India branch sadar, with late fee i.e 9.70 /- and bank charges (CDA) 125/-. Sir i want to know who is responsible for this over payment as it is so burdenable and harassed for a middle class family like me.
Particulars are as under:
1. Name: Amit Kumar Roy
2.LIC Policy No. :[protected]
3. Mode of payment: monthly
4.Premium amount: 1225/-
5. Name of Bank: SBI, Main Branch, Kingsway, Nagpur
6: Branch of LIC: LIC Sadar branch office (973), Indian mutual building , Mount Rd. Extention, Sadar -01 Ph no 2546414
I request to your kind attention in this mater and solved my problem.

Gud morning!
This is Rupali kapila from shimla and I would like to register a complaint against fraud going on in the name of reliance insurance company.
Your company is a very prestigious one and the name of company is trustworthy and reliable.

Last year A person representing your company came to our house and suggested some life insurance policy. my father who is old and suffering from a few ailments got trapped in his talks and without our knowledge took a policy from that person. That person introduced himself as Sandeep and convinced my father in law for taking "reliance life insurance money multiplier plan", from 26th august 2011. Parents gave him 30,000 cash and a few hundred extra. The very same day he got a few forms filled and signed by my father. My parents were earlier staying at bilaspur so dad gave the address of bilaspur. But due to his medical problems now they are staying with us. The policy came at address and we did not check it last year because of his medical problem.when parents checked the policy details the policy had someone else's photograph and wrong signature. He told that policy term would be 5 years but in policy it was of 10 years. The premium due was as on 26th August 2012 but someone from reliance called up dad during the month of may in order to give the next premium. They asked for 30,000 in the month of may, 2012, to which my parents objected. They also told ur comp officials that the photograph and signature are not correct. But somehow ur official managed to take a cheque for 30,000 in the name of reliance which was undated and the cheque no was 021167 of icici shimla. Luckily the cheque got bounced as parents could not manage to get money in this account.
Now the status is that we have got another new policy at bilaspur's address. Now it has come to our knowledge and I am really worried about their mone y. I wil be thankful if some action is soon taken for this.

The details of the policy commenced on 26th August are as follows:
Reliance life insurance money multiplier plan
Name of policy holder: mr. Amrit all kapila
Client I d 80815600
Dob: 2nd April 1943
Name of life assured :mr. Piyush kapila
Client I d of life assured: 80815509
Dob: 18th September, 1972.

Kindly look into the matter .
Looking forward for an eager reply and a quick inquiry.

Regards
Rupali kapila

LIC pension cheques under Annuity No. 011M[protected], Policy No: 4012 are falling due from 1st October 2012.
Please release cheques. Regards. Jagdish Kumar Banga R/o H.No. 749/ 28, Jyoti Park, Gurgaon.[HR].

I AM AGENT OF LIC I HAD FORGET THE PASSWORD OF THAT PORTAL , I CANT REVIEW MY PORTAL SO PLZ KINDLY HELP ME

i have a lic growth fun market plus plan (T.no. 181). i had purchased the plan on 05/08/2008. as per the terms & conditions of the policy lock in period is 3 years, it is also written in the back side of the policy. now, i want to surrender my policy and the employees of the lic said that the lock in period is changed and now it is 5 years. and if you the policy before lock in period (5 years). you have to pay Rs.500/- as surrender charges.....

I had taken a home loan from LIC HFL, I opted for 30L home loan from the same & the agent told me that it wll be given to me in a very ease & will take hardly 1 week, but after that everything was reverse, my loan sanction time was around 2 months & it was horrable time for me. they never called me about any problem related to my loan, even whenever I called then then only I came to know that this is the problem you pls. resolve it & will take 2-3 more days, always I used to get this answer only & the problem which they were telling me was also not understandable. but it was not that much enough, problem got started after disbursing my loan, when I came to know that they have given me loan on the basis of no principle payment till 1 year only interest payment for 1 yr. but I have not opted any option like this. after that they told me that from next month my ECS will take place on 7th of every month, but I got surprised that on 7 th no ECS got take place & when I called to the bank did not got any response, but I came to from their other deptt that no ECS facility is updated with my accounts, i was completely stunned, how they can disburse their loan without updation of ECS.Now I am stucking up with this ECS problem & they are not updating the same, kabhi unka server down ho jata hai kabhi phone pic nahin karte hain & kabhi phone swith off aata hai.

I am in complete trouble, if any body can suggest to whom I contact & to whom i can comlain of it.