Life Insurance Corporation of India [LIC] Complaints & Reviews

I surrendered the policy on July 18th 2010. Before surrendering the policy I checked online and it shows if I surrender the policy I will get only Rs.44970 even in the LIC office in Trichy they showed in their system that I will get the same amount. Now I got information from the office that the amount differs and now I will get only Rs.31000. I would like to know is there a problem with the LIC Website and the LIC office system which shows incorrect information to the customers? Or the people in LIC are doing any malpractice. I thought of filing a case against LIC on this if I am not going to get the amount shown in LIC site and in the LIC Office. I have proofs for that and also I have a proof on the amount which was in the LIC office computer (I have taken a photo on my mobile when the LIC official checked the surrender value in their system). After all these things they forced me to take the amount which they calculated manually. It is a mere CHEATING COMPANY.

Please note that there is change in my residential address for my money back policy no.[protected].

Current residential address is :
Mandar A Joshi
R-201,Sumit Classic,
Near Municipal Garden,
Sadar, Ponda-Goa.

I had communicated the same for other policies.

Thanks

From: sumanta basu <[protected]@yahoo.com>
To: [protected]@vsnl.net; [protected]@lichousing.com
Sent: Fri, 8 October, 2010 1:51:29 PM
Subject: Interest Charges due to delayed disbursement by LIC HFL ( Loan A/C NO :[protected]

To

The Branch Manager

LIC Housing Finance Limited,

FF-8, Rama Palace, Ajronda

Near Neelam Flyover,

Faridabad, Date :[protected]



Sub: Claim of interest charges due to delayed disbursement of payment to RPS Infrastructure Ltd.



LIC HFL Loan A/C No : 11054056



Dear Sir,
This is to inform you that due to delayed disbursement of payment by LIC Housing Finance Ltd to RPS Infrastructure from my LIC HFL loan a/c no : 11054056 I have been charged by RPS Infrastructure Ltd of Rs.8144/- which I had to pay them and the related documents are attached herewith for your reference.

I emphasize that I have incurred loss of Rs. 8144/- for delayed payment by LIC HFL for which I am not at all to be held responsible.

My loan a/c has been closed on[protected] .You are requested to look into the matter urgently and the said amount may please be reimbursed to me immediately.

Regards,
Sumanta Basu


Encl:

(1) Copy of the calculation sheet of interest charges claimed by RPS Infra.

(2) Copy of Cheque paid to RPS Infrastructure

(3) Copy of Receipt of RPS Infrastructure

(4) Copy of statement LICHFL loan a/c no: 11054056


Contact address : Type- IV / 24,

Staff Colony, BTPS, NTPC Limited,

Badarpur, New Delhi-110044



Contact no: [protected], [protected]

I HAVE TAKEN AN HOUSING LOAN FROM LICHFL IN THE MONTH OF JULY FOR WHICH LOAN EMI DEDUCTION HAS STARTED FROM THE MONTH OF AUGUST.
MY HOME LOAN AC NO IS[protected].
FOR THE EMI DEDUCTION I HAVE SUBMITTED THE ECS FACILITY FROM STATE BANK OF INDIA , KHARADI BRANCH DETAILS.
MICR CODE FOR KHARADI BRANCH IS[protected] AS PER YOUR RECORDS.
I HAVE BEEN INFORMED EVERY TIME THAT THE MICR CODE FOR THE BRANCH OF SBI KHARADI IS INVALID , HENCE ECS IS NOT GETTING ACTIVATED DUE TO WHICH I HAVE TO SUBMIT AN CHEQUE OF KHARADI BRANCH TO LICHFL WHICH IS GETTING CLEARED.
THE SUBMITTED CHEQUE HAS THE SAME MICR CODE :[protected] .
THIS IS CAUSING AN INCONVINENCE TO ME AS EVERY TIME I HAVE TO PAY AN EXTRA INTREST FOR THE AMOUNT FOR DELAY , WHILE MICR CODE REMAINS THE SAME.
KINDLY RECTIFY THE REQUIREMENTS / PROBLEM ON URGENT BASIS AS I HAVE FULLFILLED THE REQUIREMENTS / DOCUMENTS FROM MY SIDE .
FOR ANY QUERRIES KINDLY CONTACT ME ON NO [protected] / [protected]. AS THE LAND LINE NO OF MR DESHPANDE[protected] FROM CLEARANCE DEPARTMENT DOSENT PICKUP/ CALL GETTING REJECTED INSPITE OF CALLING ON FOR MANY TIMES.
PLEASE RESOLVE THE MATTER AT EARLIEST

Lic of India bokaro 1(0566) branch does not revive my policy as special revival. Actually I am not able to pay all the premiums due in full. so, I want the date of commencement of the policy to be enhanced from 28/08/09 to current date (special revival date) and the premium to be deducted from my salary.
yours faithfully,
Jagarnath gope
staff no.786882
an employee of bokaro steel plant
Bokaro steel city.

I retired from Reliance Industries Limited, Mumbai, on 30th June 2010. The amount I received from this Company towards Superannuation has been deposited with LIC of India who are supposed to give me annuity of Rs.2524/- every month. So far I have received only only one payment for the month of August 2010. When I personally visited their office sometime during end Sept 2010, they informed that my docket/file has been transferred to their Divisional Office at Ernakulam, Kerala. However, DO Ernakulam confirmed that they have not yet received my file from LIC Mumbai and following up with them for my file. Despite sending emails to them by DO Ernakulam, they are neither responding nor remitting the payment to my bank account. My annuity number is 091M[protected] and name K M A Menon. I am a retired person and partly depending on my pension.

My policy no. is[protected] which is about to mature on[protected]. But till date i had not received maturity form from branch 25J. I had launched my complaint on[protected] &[protected] thru LIC web portal.
Branch response was to send DV alongwith policy bond.
But i repeat that it is the duty of branch office to send the maturity form to their customer within 2 months from the date of maturity of the policy & LIC branch office is responsible for that as the same has been clearly mentioned on LIC website.
Please be advise that why LIC branch office is not obeying the rules & regulations being laid by IRDA.
You are requested to send DV / Maturity Form immediately to my address mentioned below.
Thanking you,
SUMIT KUMAR SABHARWAL
5186, Basant Road, Paharganj,
New Delhi -110055

I had recently submitted two proposals for my daughters DOB 15/04/1993 & 03/12/1996, for Jeevan Saral Policy with LIC of India, Neyveli Branch. My second daughter is 'Congenitally Hearing Impaired', coming under differently abled category. While the proposal for first daughter was accepted, the same was rejected for second daughter and was told put in a request for return of premium. On enwuiry, I was told that for such children, LIC does not issue any policy except Jeevan adhar, as per their under writting policy. My request for a reply in writting has not been complied with, though more than a month has passed since.
Why should such children, who are otherwise normal but for the hearing impairement, which is noway life threatening, be denied the policy given to any other child?

good evening sir/madam

this y vigneswara rao from palasa, i am agent of lic of india
code:0264069C, KASIBUGGA Branch, agent portal not given

thank u

I have taken a Vashisht Bima Yojna Policy from Life insurance Corporation of India - Policy No.[protected].
Annuity of Rs 24000/- was due by ECS on 1st Oct.. against the above policy which I have not received till date. All my attempt to contact IPP Cell, the dealing dept. , phone nos.[protected] and [protected] have come to naught. The first no. keeps ringing without reply and the second is always engaged throughout the day.
Kindly help me to receive the due Annuity
Thanking you,
Jitendra Nath Varma

I have asked more than once, that how I can monitor my market plus policy status on line. But I didn't get a reply. Now what else I have to do? Will you kindly help me?

LIC of India has opened a new marketing channel known as DIRECT MARKETING
FOR THIS CHANNEL THEY HAVE HIRED DIRECT SALES EXECUTIVE(DSE).
I am one of the Sales Executive selected , selected in mid of june 2010
This is to inform everyone that:
1 This is not at all properly defined channel
2 Lic is very unprofessional & careless in intimating the job profile & structure of DSE in the recruitment...

LIC's Market Plus (Table No.181); Policy No.[protected]; Date of Comm: 21.3.2008
Single Premium Policy Premium paid : Rs.50,000/-
Gentlemen,
So far I have not received information regarding initial number o[censored]nits alloted to me at the time of inception of my above-detailed policy.
Kindly send me the details of the initial number o[censored]nits alloted to me.
RONAK JAIN
184-A, Parshwanath Colony, Anted Road, Ajmer (Raj.)-305004.
Mobile : [protected]. Tel. No.[protected].
E-mail : [protected]@yahoo.com

I want to know that how many unit allot against mention above write the policy and I know currentNAV rate

LICHFL,
This is with reference to LIC loan approval file number 130200. I was cheated by Mr. Ramesh Pawbake in various aspects of the home loan and even asked for bribe. Areas of cheating were as follows:

no explanation of EMI
Just took my documents and did not show up for ages
submitted the preprocessing charges without my knowledge
promised me that he will waive off some morgatge fees worth 15000 which no other agent or bank even mention
asked me to pay 4000 if I want disbursement on time
did not explain about the 15 years tenure

May God punish this man. Truly unprofessional service

Regards,
Kaustubh Naik

There is a party who have I sold my Thane based flat is approched to LICHFL,Thane branch for housing loan. From the starting the LICHFL 's demands of various documents and prolonged varification process create a havok for us. Resulting unreasonable delay to disburse loan frustrait both o[censored]s. I suggest to all, who are dreaming for there sweet home please try another option for housing loan than LICHFL.

SUB:TO Forgot My User ID & password of lic account

Dear sir,
I forgot my user id and password for Policy No[protected], because of this I am not able to pay my premium. Could you please do need full as soon as possible so that I will be able to login and can pay premium timely. Please send me details at this email address :[protected]@gmail.com
please send my User ID & password sir
THANKING YOU
Policy No[protected]
Name -Devnath Yadav
DOB – 23/05/1987
Premium (YRLY) – 24761.00

i am holding a policy in lic LIC MONEY PLUS no[protected] but i am unable to locate fund value nobody is picking up the phone complicated proceedure to find my account status i want to redeem my policy

HELLO SIR/MADAM,

MYSELF SANTOSH PANWAR, APPLIED FOR LIC CREDIT CARD MORE THAN 2 MONTHS BEFORE BUT TILL DATE I HAVE NOT RECEIVED ANY UPDATE ON THIS TILL TALE. I CALLED UP MANY TIMES TO THE LIC OFFICE DELHI AS WELL AS CORPORATION BANK DELHI WHO ISSUE CREDIT CARD, BUT THESE PEOPLE DNT HAVE ANY CLUE ABOUT THE APPLICATION APPLIED FOR. CAN YOU PLEASE CHECK ON THIS AND UPDATE ME THE STATUS ATLEAST IF ITS REJECTED OR PROCESSED.
MOBILE NO-[protected]
DATE OF BIRTH[protected]
SANTOSH PANWAR

LIC OF INDIA Complaints - NON-RECEIPT OF ORIGINAL POLICY BOND
LIC OF INDIA
Location:CBO-4, Meerut, Uttar Pradesh
Posted:[protected]
NON-RECEIPT OF ORIGINAL POLICY BOND
Sir,

1. I had taken Life Insurance from LIC of India, BIMA BACHAT with Policy No.[protected] with Date of Commencement[protected] from Branch CBO-4,Meerut,UP.The agents name is Mr VP Singh and the policy is in my name.

2. It is regretted to inform you that despite repeated telephone calls to Mr VP Singh of LIC of India,-CBO-4,Meerut, and verbal request made to Sr Branch Manger, LIC of India, CBO-4,Meerut for a duplicate policy- I have failed to get the bond document.The Sr Branch Manger, LIC of India, CBO-4,Meerut had stated that my agent had collected the original bond and I should contact Mr VP Singh for the original bond. I rang Mr VP Singh and the hundredth time some excuse was given -He has broken his leg and would send the Bond soon.However, I have not received my original Policy Bond till date and am wondering whether I would ever recieve my original Policy Bond this year.

3. It is requested that Mr VP Singh be instructed by the Sr Branch Manger, LIC of India, CBO-4,Meerut to send me the Original Policy Bond at the earliest .

With regards,

Colonel Tummala Amarnath