[Resolved] Lic Of India — difference in maturity value clarification required | |||
I reside in punganur. I purchsed lic market plus,table 181 policy no.[protected] on 26.12.2006 from an lic agent and paid Rs.25000/- .he said that I will get Rs.50000/- on meturity ie., on [protected]. But recently I received a letter that I will get back Rs.27000 or so for the policy asking me to come and take it as the due date is over. This letter has come from palamaner. I want know why this shortage of the meturity value while the agent had assured me a return of Rs.50000/- has the agent wrongly assured me without proper knowledge of the policy? Is this policy subject market changes and does not assure a fixed return? Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
1 Comment | |||
Comments
Respected sir, your above mentioned policy is a ULIP policy, in that particular type of policy no any assume fixed return. If some one tells like that then its a misrepresentation .
Reply
36%
Complaints
6212
Pending
0
Resolved
2214
+91 22 2217 8600
+91 75 5267 6254
LIC Central Office, 2nd Floor, Jeevan Bima Marg, Mumbai, Maharashtra, India - 400021