Lic — Nonpayment of survival benefit

Address:Mnagalore Karnataka

From
Chetana Prakash Bhat
Policy number[protected] matured on Dec2021
W/O Prakash Bhat
NRCC Puttur 574202

Sir,
The above 'Jeevana Sneha' policy was taken in Dec 2001 from Managlore Branch II, We are sorry to inform you that out of three installments of survival benefit only two are paid with 11% compound interest and first installment which is retained with LIC has not been paid to us. The said amount was due in 2006 and we have asked LIC to retain it and pay at the maturity with 11% interest.

However, with some presumptions or wrong knowtion, LIC Mangalore Branch II has not made payment of Rs. 10000/- with 11% compound interest which was was due for us under normal conditions.
We have many documents to show that LIC was asked to retain money as an investment under Jeevan Sneha Policy, which was specially announced for ladies.

Kindly take necessary steps immediately to arrange for the payment due for us with interest. Otherwise delay would be considered as denial and it would call for further necessary action in this regard.
Thank you
Chetana Prakash Bhat
Prakash Bhat
Was this information helpful?
No (0)
Yes (0)
Life Insurance Corporation of India [LIC] customer support has been notified about the posted complaint.
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Life Insurance Corporation of India [LIC]
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    36%
    Complaints
    6212
    Pending
    0
    Resolved
    2214
    Life Insurance Corporation of India [LIC] Phone
    +91 22 2217 8600
    +91 75 5267 6254
    Life Insurance Corporation of India [LIC] Address
    LIC Central Office, 2nd Floor, Jeevan Bima Marg, Mumbai, Maharashtra, India - 400021
    View all Life Insurance Corporation of India [LIC] contact information