[Resolved]  Lic Of India — Payment of Jeevan Dhara policy withheld from last 2 years.

Address:

Aurangabad, Maharashtra

Hi Sir/Madam

I hold LIC Jeevan Dhara policy (Policy No.[protected] .

LIC 982 branch of Aurangabad have Mortgaged Jeevan Dhara policy for Education Loan of Son.

All of a sudden LIC have stopped making payments with no intimation. When asked for an explanation they are saying that Jeevan Dhara policy cannot be mortgage and hence you need to get release the mortgaged policy from Bank and then only they will release the amount.

I have a question here if it was not allowed to mortgage the policy then how the LIC authority has sanctioned the mortgage with bank. As being a Senior Citizen we heavily depend on the pension and as they have stopped the paying amount it is creating problem for me.

Kindly look into the above problem and let me know if anything is required from my side.

You can contact me on [protected]

Thanks in Advance.

Dhananjay Bodhankar