[Resolved]  Lic - Policy Surrender — LIC - Policy Surrender (for the last we struggling to get back our money)

S.Balamurali Krishnan
Cell : [protected]

The Officer Incharge
LIC of India
Jeevan Akshay - Division

Hello Sir
My father had a policy details are given below

Scheme : Jeevan Akshay ( Pension Scheme )
Policy # :[protected]
Dated : 1-3-1989
GIS amount : 50, 000/=
Deposited at : Panruti Branch, Tamil Nadu

Due to long illness he surrendered the policy on 5-Jun-2007 to LIC – Panruti branch (Tamil Nadu ) with the following documents

1) Original policy receipt
2) Covering letter
3) Surrender form
4) Status Report of policy

Then on 25-July-2008 we got letter from LIC mentioned as “this policy can be surrendered against Medical Certificate only”. So that we submitted the

5) Medical Certificate

On 3-Sep-2008 to LIC - Panruti branch. But on 19-sep-2008 my father expired then we went and asked your LIC – Panruti branch, they asked many more documents, then on 9-May-2008 we submitted the followings

6) Legal Certificate – Xerox copy
7) Death certificate of my father – Xerox copy
8) Death certificate of my mother – Xerox copy
9) Nomination for payment / No Objection letter from my all family members

Now they says the concerned manager is in long leave. So you come later. I couldn’t get any further information / Money . What is way to get back our money ?

Regarding this on 17-may-2008 I made complaint in direct to Mrs.Parvathi - Chennai-LIC Head office 7th floor. Than Mr.Gandhi – Vellore LIC Zonal office by telephone. But nobody is taking appropriate action to refund our money

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Aug 14, 2020
Complaint marked as Resolved 
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policy[protected] surrender position pls reply

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