[Resolved]  Lic Of India — difference in maturity value clarification required

Address:Chittoor, Andhra Pradesh

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?
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Aug 13, 2020
Complaint marked as Resolved 
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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 .

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