Icms Lic — Reminder V : Non receipt of Full value on Maturity without any pension[protected] even after 10 months of follow up's.

Address:

LIC Jaipur

Dear Sir/Ma'am

As discussed with the branch staff and NK Meena Ji, my above mentioned policy has matured and had requested to transfer the proceeds to my bank account. Had also sent all the original papers and indemnity bond( towards loss of policy bond). Was earlier in Jaipur with OBC bank Limited now settled in Chandigarh
However amount has not received the amount till date. As informed earlier, donot want to take any pension. The speed post was done on 24th and mail was also sent on 24th Sept alongwith soft copy of all documents sent through speed post . Were confirmed also that the originals were delivered and received in the branch on 27th Sept, 2020. The due date for receipt of option was 28th September, 2021. It has been around 10 months now. Though had sent few days earlier but could have sent earlier but due to Carona virus outbreak my family was not in favour of moving out and purchasing stamp papers, then notarising and then sending of speed post.

My daughter last year got admitted to IIm and we have paid Rs 14.00 hs as her IIM Shillong fees till date and some part has been borrowed by utilising overdraft limit of mine with Bajaj Capital @13% p.a. Still Rs 8 lakhs is due to be paid. Also my son recently took admission in Fraser Valley India( tie up with Fraser Valley University Canada0 and his Rs 6.00 lakhs fees has to be paid by 1st week of august.
What is the point of saving if one is not able to withdraw the funds when one requires. Moreover 28th September, 2020 was the last date of sending the option whereas mail was sent on 27.09.2020 and speed post was also done on the same date, which was received by jaipur branch on 27th September and the same fact was acknowledged by the branch as well.
Why am being penalised for not fault of mine.
Request again, to fully pay my full amount without any deduction and am also not in favour of pension. These times of bureaucratic steps is the reason why people are moving towards private insurance companies and the market share is decreasing. You should have customer friendly policies to restore faith of the people in again making LIC as the no. 1 player in the market.
Hope you will take this feedback and issue in positive way and release my pending dues at the earliest.

Regards
Rajiv Arora
[protected]

[protected] Forwarded message[protected]
From: Rajiv Arora
Date: Sat, Oct 10, 2020 at 11:16 AM
Subject: FReminder :Payment of full value on Maturity without any pension[protected]
To:

Dear N.K. Meena Ji/Ma'am,
As discussed, My above mentioned policy has matured and request to transfer the proceeds to my bank account. Have also sent all the original papers and indemnity bond( towards loss of policy bond). Was earlier in Jaipur with OBC bank Limited now settled in Chandigarh
Request to transfer the proceeds to my bank account. Donot want to take any pension. The speed post was done on 24th and mail was also sent on 24th Sept alongwith soft copy of all documents sent through speed post

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[protected] Forwarded message[protected]
From: Rajiv Arora
Date: Mon, Nov 2, 2020 at 11:42 AM
Subject: Reminder III :Payment of full value on Maturity without any pension[protected]
To:, ,

Dear Sir/Ma'am
As discussed with the branch staff and NK Meena Ji, my above mentioned policy has matured and had requested to transfer the proceeds to my bank account. Had also sent all the original papers and indemnity bond( towards loss of policy bond). Was earlier in Jaipur with OBC bank Limited now settled in Chandigarh
However amount has not received the amount till date. As informed earlier, donot want to take any pension. The speed post was done on 24th and mail was also sent on 24th Sept alongwith soft copy of all documents sent through speed post . Were confirmed also that the originals were delivered and received in the branch on 24th Sept, 2020.

It has been more than a month now.

Regards
Rajiv Arora[protected]

[protected] Forwarded message[protected]
From: Rajiv Arora
Date: Sat, Oct 10, 2020 at 11:16 AM
Subject: FReminder :Payment of full value on Maturity without any pension[protected]
To:

Dear N.K. Meena Ji/Ma'am,
As discussed, My above mentioned policy has matured and request to transfer the proceeds to my bank account. Have also sent all the original papers and indemnity bond( towards loss of policy bond). Was earlier in Jaipur with OBC bank Limited now settled in Chandigarh
Request to transfer the proceeds to my bank account. Donot want to take any pension. The speed post was done on 24th and mail was also sent on 24th Sept alongwith soft copy of all documents sent through speed post

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Regards
Rajiv Arora
B.com (Hons), FCA, LL.B
[protected] Forwarded message[protected]
From: Rajiv Arora
Date: Tue, Sep 29, 2020 at 1:34 PM
Subject: Re: Payment of full value on Maturity without any pension[protected]
To:

Dear ma'am,
Screenshot of the email id available on net

Regards
Rajiv Arora[protected]

On Tue, Sep 29, 2020 at 1:09 PM Rajiv Arora wrote:

[protected] Forwarded message[protected]
From: Rajiv Arora
Date: Thu, Sep 24, 2020 at 11:42 AM
Subject: Payment of full value on Maturity without any pension[protected]
To:

Dear N.K. Meena Ji, ,

As discussed, My above mentioned policy has matured and request to transfer the proceeds to my bank account. Have also sent all the original papers and indemnity bond( towards loss of policy bond). Was earlier in Jaipur with OBC bank Limited now settled in Chandigarh
Request to transfer the proceeds to my bank account.

--
Regards
Rajiv Arora
B.com (Hons), FCA, LL.B