Life Insurance Corporation of India [LIC] — agent gave wrong information and gave the policy - complete misinformation from agent

Address:

Warangal, Andhra Pradesh

Hi lic,
I am writing this mail with sheer frustration and disappointment
Firstly i have spoke to agent and told him to give a policy so that i can show it for 80c exemption. So agent told me and guided the i can show the policy premium paid as a tax exeeption and sold the policy to me and he mentioned in the policy as sum assured very less as rs 130000 and i have paid a premium amount as rs 1 lakh.
He totally misguided that i can show the premium paid amount as a tax exemption and sold. He is not having a knowledge of tax exemptions
Actually in tax exemption they will take 10% on the sum assured and in my case it is coming only rs 13000.
If this is the information available, how come an agent doesnt know the information - is this is the training lic giving to the agents and asking them to sell the policies.
I have got frustrated with this, now it is useless for me paying rs 1 lakh and i am not able to show in tax exemption

I want to escalate to the higher level - how agents are giving a policy even without knowing the basic information.

Polic details :[protected]
Branch : warangal