Lic — insurance

Address:

Chennai, Tamil Nadu, 600089

Respected sir,

I have taken an lic wealth plus policy with lic (Policy number[protected] dt 31/03/2010). At the time of taking the policy i was informed by the agent that it is a maximum return generating policy and i will get returns according to the share market sensex at the time of maturity. I was never told that there will be any premiums will be deducted for any reasons and i have been regularly gettig nav statements from lic which all promised high returns. Once i visited their lic office to surrender another lic policy of mine and along with it i wanted to surrender this policy also three yaers back at their parrys corner, bombay mutual fund bldg office. One of the officers present assured me in so much sweet coated words that i will get very good returns if i can wait till maturity. I believed him.

But now after eight years, lic has paid me only rs.57396/ against rs. 60000/ paid by us eight years back. That too after chasing them, 17 days after maturity of policy. I had to send two couriers spending money. They did not send discharge cert along with documents. I had to run everywhere to get discarge cert copy, fill up and send. They do it deliberately to delay payment. Lic is back to their old tricks of cheating, they were adopting 30-40 years back.

This is pure cheating, lic or its agent never told us at the beginnig there will be any premiums / charges and just looted our hard earned money. (Never go for lic, they have perfected the art of cheating customers. They say now that wealth plus is failure, other new policies good, take now. After 8 years they will say that xxx policy you took 8 years back no good, take this one, this will be good after 8 years!!! And after 8 years, the story will continue!!!)

Request for justice sir, hope to get it.

Regards
S. Vallikkannu