[Resolved]  Lic Of India — Payment of maturity amount of policy no[protected] favouring Narendra Kumar Srivastava

Dear Sir,

I, Narendra Kumar Shrivastava, am policy holder policy number[protected]. This policy was purchased by me from LIC office Damoh Branch(037D) in August'78. The monthly installment was Rs 42.50/- It was due on August'2008.
In year 1984, I took a loan of Rs 800/- against this policy. Hence, the policy was deposited in the LIC office Damoh Branch.
A letter from LIC office was recieved iin June'2008 stating the amount of plicy as Rs 15,180/- which was due to be encashed in August'2009.

After the due date on approaching the LIC office, it was told that the record of the policy could not be found. Hence no payment was made.

Even after 1 year and 4 months the payment is still awaitnig. Please look into the matter.

Regards,
Narendra Kumar Shrivastava
K-11, Madhuvan Enclave,
City Centre, Gwalior M. P. 474001
Ph no. : [protected]
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Aug 14, 2020
Complaint marked as Resolved 
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Dear Sir/ Madam,

My Future Plus policy bearing no.[protected] has vested on[protected]. I have received intimation letter on[protected], having ref no. 73H/AnnuityOption/ULIP-IPP dated[protected] by post, for purchase of pension. Please note that the intimation letter was posted by LIC, Nampally, Hyderabad office on[protected]. I have approached the local BHEL Branch office earlier, for surrendering the policy, but this was not taken saying that there is no specific information on Future Plus Policy, available with them and I have to come only after Vesting date, i.e.[protected].
In the absence of information, I have approached the concerned official at BHEL branch office for taking the total payment of Policy on Maturity on[protected] and[protected]. But, I was informed that total maturity amount can’t be taken, as the vesting date[protected] has already crossed.
As I was not guided/ intimated that this policy is to be submitted before[protected], either by Local BHEL branch or by the Nampally- Hyderabad office, I could not submit the Policy for claiming total amount in time. Further, I have received the intimation letter for purchase of pension only on[protected].
So, I request you to kindly consider my case for claiming total Maturity amount, without opting for purchase of pension, as I am in dire necessity of funds for purchase of Flat.

Regards,
V. Lakshmi
12-82/1, Huda Colony,
Chandanagar,
Hyderabad 502032

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