[Resolved]  Lic/dm Consultants/insurance — UNFAIR PRACTICE OF SELLING INSURANCE PRODUCTS

Dear Sir,

1. I am retired from Army in Jun 2007. I would like to bring to your kind notice of an instance which is an absolute contradiction to "Fair Practice Code" by agents of LIC. The details are as follows:-

2. Having got a lucrative offer from Mr Sumit/Abhay (D.M. Consultants & Company, 1028/15, Tilak Bazar, Ist Floor, Chandni Chowk, Delhi - 110006, Mobile Numbers - [protected], [protected] & Land line No[protected] I got duped by the false statements. I had applied to LIC Housing Finance for a loan of Rs 5 Lac in first week of Dec 2009 with a promise of hassle free loan by said representative. I had categorically asked the person if my papers do not fulfill I will never opt of LIC Policy/process charges but Mr Sumit had assured me that my cheques will only be presented if your loan is sanctioned.

3. At very early stage of this process, Mr Sumit/Abhay were calling me twice a day for documents/cheques despite of my reluctance/low interest in the process due to number of hassles involved in such cases. After a number of calls from above representatives, they earned my faith and I handover them all documents/2 cheques on a very good failth. One of the cheque amounting to Rs 7210/- has already been deducted from my account on 22 Dec 2009. It seems to be a good technique of selling the LIC products.

4. They have now sent me LIC receipt No[protected]Policy No[protected] at my address for which I have never signed any application. Hence, necessary investigation may kindly be carried out against the defaulters for selling LIC policies through unfair practice. I am not in position of paying such installments at all.

5. I humble request your kind honour to take action against the above named individuals/agency to get my whole amount refunded at the earliest possible please.

With warm regards,

Sanjeev
[protected]