Icms Lic — Request for refund of amount which has been defrauded by Shri . K. Ravichandran, (LIC

Address:

C. Selvakumaran, S/O R. Chandrasekaran, (Retired headmaster) 60/1 – B, Agambadier Street, Agaramanaickkal, Tiruturaipundi POST - 614 713. Tiruvarur District (Cell No. 9994183416)

From,
C. Selvakumaran,
S/O R. Chandrasekaran, (Retired headmaster)
60/1 – B, Agambadier Street,
Agaramanaickkal,
Tiruturaipundi POST - 614 713.
Tiruvarur District
(Cell No. [protected])
To,
(i) Shri S. Vasudevan, Manager (CRM),
Life insurance corporation of India,
Southern Zone
Thanjavur .

(ii) Shri . P.R. Shankara Raju
Regional Manager (CRM)
Life Insurance Corporation of India,
Southern Zone – Head Quarter
Chennai.
Ph –[protected]

(iii) Shri .T.C Suseel Kumar
Executive Director (CRM)
Life Insurance Corporation of India
Conventional Insc
HQ – Mumbai.

(iv) Shri Dinesh Bhagat
Chief (P & GS)
Life Insurance Corporation of India,
Head Quarter,
Mumbai.

(v) Consumer Affairs Department
IRADAI, 9 TH FLOOR
United Indai Towers,
Basheer bagh
Hyderabad – 500 023
Andhra Pradesh.

(vi) Manager,
Life Insurance Corporation of India
Nagapattinam – 611 001.

Respected Sir,

SUB:- Request for refund of amount which has been defrauded by Shri . K. Ravichandran, (LIC Agency code No.[protected], SattaiyapparMelaVeethi, Nagapattinam, LIC Agent – reg.

REF:- (i) My earlier complaint preferred at Manager, LIC
of India, Nagapattinam
(ii) e-mail dated 30.07.2020, 07.08.2020, 13.08.2020 sent in this regard.
(iii) co_crm mail dated 07.08.2020, co_hinb mail dated 10.08.2020 to [protected]@licindia.com
(iv) my complaint dated 07.09.2020.

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1. Please refer to my complaints cited under reference. I have completely explained my real grievances vide my complaints cited under reference. In this regard, some higher authority has referred the email complaints to lower authorities for causing immediate enquiry. But, despite lapsing of more than 2 months, my grievances have not been settled so far. Much mental pressure and depression have taken place in view of non settlement of grievances and non payment of defrauded amount.

2. However, I am again submitting my following grievances for your immediate enquiry and payment of defrauded amount.

(i) I am a bachelor and ageing 53 years (DOB – 15.05.1967). I have been working as GDS branch postmaster in Perunkadambanur branch post office (near sikkal) for the last 19 years .

(ii) Shri . K. Ravichandran, (LIC Agency code No.[protected], SattaiyapparMelaVeethi, Nagapattinam approached me and requested me to open policy. Having faith on his words, I have opened the following particularized LIC policies.

Sl No Policy Number Sum assured Premium amount Period Remarks
(i) [protected] 16000/- 213/- Quarterly Not available
(ii) [protected] 50000/- 1188/- Halfyearly DOO 28.11.2005
(iii) [protected] 40000/- 440/- Quarterly DOO
28.02.2004
(iv) [protected] Not available 4942/- Yearly DOO-
Dec-2010

(iii) I have completely given the premium amount for the above all policies to Shri K. Ravichandran on the due date and on receipt of such amount, Shri K. Ravichandran assured to credit the amount in my policies. Having faith on his words and assurance, I have completely given the amount to him since date of opening of above policies and believed that he would credit the amount in my policy.
(iv) Recently, I had a doubt and checked the credit of the premium in the above policies in LIC office, Tiruturaipundi and then I have noticed that the amount of premium of around 5000/-(Around Rs. 4942/-) given to Shri K. Ravichandran for the last ten years has not been credited in the above mentioned (iv) fourth policy. (i.e., Policy No:[protected]
(v) The credit made in the remaining policy seems to be correct.

(vi) I have really shocked, on noticing the non credit of premium amount of Rs. 5000/- in the above fourth policy
(i.e., Policy No:[protected]for the last ten years, by Shri K. Ravichandran. Then, I have contacted him and asked about the non credit and suppression of premium made in the above fourth policy. Thereafter, he immediately rushed to my home along with his wife and paid only the premium amount of Rs. 50, 000/- to me and he has collected one letter in this regard and collected the original bond from me. Further he has obtained a signature in a bond paper in this regard. This incident has happened in the presence of my parents, agent, w/o agent and my brother’s wife. On enquiring the case with these persons, the truth will come out.

(vii) Now, I realized that Shri K. Ravichandran, LIC agent has completely cheated me and committed fraud with modus operandi of non crediting the premium amount of Rs.5000/- in my above fourth policy (i.e., Policy No:[protected] for the last ten years.

(viii) I have given the amount to Shri K. Ravichandran in the presence of the staff working in the Perunkandambanur branch post office and my parents residing in tiruturaipundi. Thus, they have completely witnessed the incident of handing over the yearly premium amount of Rs. Around 5000/-to Shri. K. Ravichandran on every year. On making discreet enquiry, the truth will come out. Thus, it is entirely true that Shri K. Ravichandran has completely cheated me by collecting the total amount of Rs.50, 000/- and non crediting the amount in my above fourth policy. The fraud committed by Shri K. Ravichandran is in serious nature and.

(ix) In view of his fraudulent activity, I have lost the following :-

(a) The insurance coverage made in my name, by opening the above fourth policy for the last 10 years.

(b) Admissible interest amount of Rs.75, 000/-(including the loss for insurance coverage/bonus) for the total amount of Rs. 50, 000/- given to Shri K. Ravichandran during the last ten years.

(x) In view of above, I would request you to take stern action for refund of interest amount of Rs. 75, 000/- (Seventy five thousand) including the loss for insurance coverage/bonus, for the total amount of Rs.50, 000/- which has been cheated by Shri K. Ravichandran for the last 10 years, recovering this amount from him. On enquiring the case with all concerned persons and witnesses, the truth will come out. In view of non payment of such amount and losing of insurance coverage, I have faced much financial hardship. In case, such payment is not made, my lapsed policy may kindly be revived by collecting the amount from the agent concerned and LIC bond may kindly be returned to me duly updated the premium upto the date of this complaint.

(xi) The address of Shri K. Ravichandran is
Sattaiyappantherkkuvilagam,
Near Kaliyammankoil, Nagapattinam- 611 001
His contact No: [protected]
An early action on the above is requested.

I would owe you a debt of gratitude, if my above grievance is
settled on humanitarian grounds.

Place: Tiruturaipundi 614 713. Yours faithfully,

Date :- 06.10.2020. /C. Selvakumaran/