Lic Of India — Failure to provide policy

Address:

Mumbai City, Maharashtra

I had applied for LIC's wealth policy in feb 2010 on my son's name. Due to bank's error, the cheque was bounced. Lic vide their letter dated 10th mar 2010 (attached) asked for fresh remittance. A fresh pay order was provided & LIC acknowledged the receipt (attached). I was after my agent for progress, who provided me with a unit statement in Jun 2010. I did not received any other correspondence from LIC. I was unaware that a policy is mandatory as other units of mutual funds do not provide any certificate. After my retirement in 2015, I started consolidating my investments. I asked LIC for the status of said policy[protected] & I was told it is cancelled. When I produced remittance receipt, I was told due to officer's negligence fresh policy was not issued. I insisted for reinstating policy, which was not accepted. I was told that a refund of remittance with interest is possible. As such I applied for refund with interest on 30th Nov 2015 (attached). I was surprised to note that only the deposit is refunded vide letter dated 29th Dec 2015 (attached). Would appreciate "pehredar" initiating steps to refund the lost interest. Said "son" is now working for "Indiacast" My email is [protected]@hotmail.com & cell [protected].