Life Insurance Corporation of India [LIC] Complaints & Reviews

I had taken home loan from LICHFL at @10.40 interest . after six month they increased to 11.10 my loan was on flexible interest as per market or RBI norms. Since sep 2012 they retain the interest rate though in the open market other home loan provider had reduce their interest rate. I approached to local office staff told me to deposits 0.6%% of outstanding loan to reduce interest rate whose receipt was not given to me after deposting money at Kolkata office. Again RBI reduce their repo rate further other reduce their interest rate but me loan interest never reduce as its own. Then my question is that every time am I require to contact lic office and deposite money to reduce my EMI interest. Please help. My loan account no.[protected].

Have paid on line payment toward policy No. [protected] for an amount of Rs. 1013/- through corporation Bank Amboli, Andheri (E) branch on 25th Nov' 2015 and not received the premium receipt. LIC login net work shows the same as pending. Please look in to this and issue the premium receipt urgently.

Since 10.10.2015 I am taking follow-up for refund of my credit balance with Axis Bank through telephone. I am not having account with Axis Bank therefore as per axis bank's officer Sri Alok Singh's instructions I had sent mail and attached scan copies of front page of my bank account, cancelled cheque and also copy of page wherein entry of last credit card bill of Rs.6000/-paid by me, for neft purpose on 2.11.2015. On 5.11.15 Ms Akshaya from axis bank informed me that bank received all abovementioned copies and my request will process on 7.11.2015. Again I have contacted on 14.11.2015 that time I had been informed that my transaction was rejected by my Thane Janata Sahkari Bank due to account closed whereas my account is in working condition my salary and other payments are done through this account only. In between I had received mail from Ms Reena Singh that my request is processed. Again I contacted on 19.11.2015 that time Ms Ramya had taken my request for D.D. my request no.18621133. Also I sent mail to provide me UTR no. of rejected neft transation so that I can lodged complaint whoever is responsible. Till date I have not received any reply. Again today I had calledup to know the position of my request this time Sri Zoheb on the line and he informed me that accounts department of axis bank is rejected my D.D. request due to wrong account no. Eventhough they had scan copies of my bank details they required account no to be printed on page on which abovementioned entry of Rs.6000 is printed or bank statement or letter issued by TJSB bank for my account confirmation. I told that TJSB bank is co-op. bank so that they are not providing statement only providing passbook. Now I am fedup of this type of harrasement to take reund of my money. Kindly look into the matter and refund the credit amount as soon as possible.

Sir/ Madam
My policy no[protected] revival bonus due date 28.10.2014.
My old account is closed sum personal reason .
New account submitted last weak but sms come my mobile so bonus transfer my old account.mis Sima already speak to new account already submitted by you is successful but is amount is refund my account.
So pl take neccesory action as soon as possible.
Thanks

Against FD acknowledgement no. [protected] dt 7/9/2015 for rs 4 Lacs . given by Bangalore Regional office, I have not recd the receipt since Link Intime had sent to a wrong address. After repeated reminders to them they are not helping in sending the receipt to my correct address. Kindly help in getting my FD receipt to correct address.

Sir, I am NAVUDU SREENIVASU. I had taken housing loan in LIC HFL. my loan account number is[protected]. i had taken loan three years ago. in that time i am the only applicant to my loan. But in your records the other two co-applicant named Mr. SRINIVASU VAKALAPUDI, Mr. PALLARAO VAKALAPUDI are presented. They are Un-Known to me. please kindly veryfy and remove that two persons names in my loan record. Thanking you N.SREENIVASU, RJY. PH. [protected],[protected]

Hello sir good morning. I have Payment my policy online. But I cannot received mail of premium Payment slip. My Policy Details are as follows: LIC Policy No:[protected]. I request you send me mail of my LIC Premium Receipt to my email ID: [protected]@gmail.com .
Your Faithfully,

Umesh Pimpale
[protected]

Dear Sir, This is to inform you that today, my mother Bhavneet Kaur Sethi went to Mohali Phase-2 branch of LIC to deposit the premium and I'm sorry to say that she had to face the worst behaviour possible in the branch. There was a long queue and actually, no queue for ladies. The systems were not working and the person sitting on reception asked my mother to request the lady in the accounts department to get the work done. The lady from the accounts section was actually sitting there and just chit-chatting with coulleagues. The name of the lady is Mrs. Parminder Kaur. On requesting her, she started shouting and growling badly. Is it so because she is a government employee and was sitting in an office? Please tell me whether you are allowed to shout on any of the customers being an employee of any company? Being a government officer, she is in no position to shout on any of the customers. My mother got scared and came out of the branch and told me the whole story after coming back home. Thankfully, I was not there with my mother in your office otherwise I would have created a scene there itself. So what if she is a government employee, even she has a family, what if I start shouting on her. How would anyone feel? I would request you to kindly look into the matter otherwise I won't hesitate to take this issue to the senior level. I was very disappointed after listening to the type of behavior she faced in the branch. Regards, Vanshdeep Singh Sethi [protected]

LIC Housing Finance intentionally approves the home loans to the eligible borrowers on the fixed rate of Interest for 2 years without even giving / explaining the option of Floating / Fixed rate of Interest.
Borrower assumes that LICHFL is doing a great service as the Interest rate is quite reasonable and he blindly chooses the LICHFL for buying his dream house. Initially at the time of property valuation in collision with Engineers they under value the property and sanction the loan and state that top up loan can be availed after couple of months.
It is obvious when the property is undervalued you will not get the required amount and when we approached them for the top up loan for interiors / repairs they state that though you are eligible for higher loan but they we will be able to provide you only a small amount and when we ask why the property was undervalued and sanctioned loan was less then they advise you to move to some other financial institution and if you want to move to other bank then they are asking us to pay the 2% on outstanding balance because the loan sanctioned was on Fixed Rate of Interest. Based on this I would like to tell the facts about the lichfl
From the beginning of application - Agents or brokers are attached to you who are hardly able to explain the details or conditions of loan
No one makes visit to the property for inspection or valuation as happened in my case and the Agent takes the photographs of the property and submits them to lichfl and Property Valuer gives report based on his own assumption and we can manipulate anything because corruption is so much rampant in lichfl.
LICHFL intentionally puts the borrower under fixed rate for 2 years instead of 6 months and without even explaining the option of floating rate and this is nothing but a cheating and against the fair practice code which is written on its website.
lichfl does not bother to service the customer as no one is there is to explain or resolve the problem and frankly asks to move out by paying the 2% on outstanding loan balance as they have clearly achieved their business targets and have got the bonus.
I do not know how to get the justice because lichfl does not come under the RBI but NHB which clearly says that financial institution (lichfl) and the borrower is responsible for the deeds. NHB and LICHFL higher officials are not bothered to do any justice to the borrowers. When RBI passes the guidelines to the banks it usually says that there is no pre-closure charges for floating rate and I donot know why RBI does not allow or waive off the pre-payment charges on home loans on fixed rate of interest so that it helps lakhs of borrowers who are at the mercy of financials institutions such lichfl which demands 2% as pre-closure on outstanding loan for transfer to other banks. Request to please do justice as the borrower is borrower either the home loan on fixed rate or floating rate why this discrimination. Thanks

Hi,

I have taken the housing loan from LIC Housing Finance in the year 2012,
I am paying regularly my EMI, Recently due to emergency at home i could not pay the EMI for 2 Months which was bounced alternative month.

I received a call from the number [protected] telling name as Ravindra from LIC office Gachibowli Hyderabad and started threatening me with filthy language with out even intimating on the bounce of my emi's,

I am worried how an Government employee calls and warn me to come my home and fight with me.

Please take necessary action on this. I am going to complain to police as well.

Regards,
Rajesh
LIC Loan No :[protected].

Dear sir, i have a LIC policy[protected] and agency code through which i had purchased is 01675159. yesterday i received a call from LIC that i hadn't claim my bonus till now and it will elapsed if i didn't verified my identity on that same call. i refused to verify my identity on phone. May be its a wrong intentional call. Neither my agent remind me about premium till date nor he informed me about any such bonus. Kindly help me out ... Thank you Kuldeep

LIC Policy reference :[protected] Premium transacted : INR 9652.45 Processed by IDBI Bank -Eazy2Pay Payment Gateway The following mail received at my maid Id: debashish.[protected]@dnvgl.com Dear Customer, As requested by you, please note that the following SALE has been processed by IDBI Bank - Eazy2Pay Payment Gateway : Merchant Name: Life Insurance Corporatio Merchant Ref Number: 09652313 Payment Amount: Rs. 9652.45 Payment Date: Tue Nov 17 20:32:58 IST 2015 Card Used: XXXX XXXX XXXX 8902 Transaction Identification Number:[protected] Please quote your Transaction Identification Number for any queries relating to this request. We thank you for subscribing to Eazy2Pay and assure you of our best services. Sincerely, Eazy2Pay PG Team The Amount of INR 9652.45 debited from my HDFC bank savings account. No acknowledgement / receipt received from LICI The transaction history against the policy[protected] shows "failed"

Dear sir, My name is Abid Hussain Mansuri and my lone account number is[protected]. I want you to decrease my house loan rate of interest as all of the company has decreased their loan interest. So I request you to change my rate of interest and decrease it or otherwise I will change the company. Thank you Regards Abid Hussain Mansuri

I had applied for a top of my home loan with the LIC HFL Haldwani branch with the agent Neema Bhat. I submitted all the documents on 2nd October 2015 and the application was submitted. Since then the agent has been manipulating me and misguiding and giving wrong information on the status of the loan process.

I had given 20k in the name of processing fee and stamp duties. PDC were taken from me and even they have deducted my first EMI but no money is disbursed till now.

I am hugely disappointed and angry at this state of working and professionalism. I am not sure whether this behavior is in the best interests of LIC HFL and its agents.

Need help and pls help if you guys can.

SIR i have a taken a uip policy no[protected] with yearly instalment of 10000rs in 2009 and paid five instalment of 10000rs with total 50000rs till now no statement of nav allotted was informed when i went to branch office at ring road mall they refused to give year wise statement only gave me consolidated statement . i suspect some fowl play i have demanded so many time but they refuse pl provide me total details my email is [protected]@gmail.com ph no [protected]

SIR, I can not see my policy holder's status report. My agency code No;11126412. mobile no;[protected].

Refund for application fees for mortage loan amount:-4775rs.(BY CHEQUE 27\5\15) we have apply file for mortage loan they have accept it and cut the amount after that the loan file get cancel but my aaplication amount didnt got me back BRANCH NAME:- LIC HFL(jodhpur) FILE NO. :- [protected]

Dear sir

My Master Policy No 507059 Grp Super annuation fund of Endeka Ceramics India Pvt Ltd.,

I was getting a sum of Rs.904/ monthly as Annuity payment through my Axis bank account [protected]

Since August I have not received the amount and there is no communication from LIC. I have a written a mail to them but no response from them.

Please help me to get my pending payment.

thanks and regards

Ramesh L

My policy[protected] matured on 28/10/2010. I sent original policy, signature attested, bank details to the Kanpur branch office. Till this time not received any payment. I raised online complaint ref.[protected] and again sent details to the branch in consultation with pathanamthitta branch. No answer . Nobody lifting calls.

I (K sreedhar rao) worked from Jan 1995 to Aug 2008. Resigned as Area sales Manager As discussed with you madam, as I used to get quarterly from my resignation from L I C and used to credit in my SBI account. But My supperannutation not depositing in my account as earlier from last one year. My last deposited date 15.11.2014. My details below. 1. Name. K sreedhar rao 2. Emplo No. 8597 3. Policy No. GSCA/658375 4. LIC I'd. 10050 Please check and provide me concern person details where I can contact or please do needful Regards K sreedhar rao Hyderabad