Life Insurance Corporation of India [LIC] Complaints & Reviews

Policy No[protected] .Payment was held up since Feb 2015 for want of existance certificate .This was submitted by Branch Manager New Friends Colony after due verification. Banker has informed that only one instalment due since feb 2015 received. Please expedite s econd instalment due on01May 2015.

Hi Team I submitted my ECS bank transfer details for my home loan AC number[protected] to LIC in Nov 2013 from Citibank to Kotak Mahindra bank Acknowledgement attached. The same was not updated by LICHFL and the ECS was directed towards my old account which had subsequently closed after 3 months from the submission of application.Fine got accumulated as defaulter due to this ECS attempt failure with no fault from my end. I visited LIC approx. 20 times in the past 1.5 yrs to get this issue rectified with no success till date. Everytime LIC came up with an excuse of IT technical error at LIC end which has taken 1.5 yrs. This has impacted my CIBIL credit rating and my applications for Credit card etc are getting rejected now. Every visit made me stay for entire day at LIC office with no positive result and just same comment from LIC that it will be resolved in 1 week. On 8th May LIC waived off 25K fine while I was forced to pay an amount of 635 INR as Bank Charges for LIC system fault.

I had taken LIC Home loan. I never such bad service and worst response from LIC HFL. If government company itself doing this way whom we can go and report. 1. Whenever they increase the interest rate, they will never intimate us. In the same all private/government banks are intimating. 2. When we got branch where we had taken the loan, they will ask for all suggestion to go Head office. Just think off my house near to branch and far way to Head office, every time how we can travel. 3. We can pay part payments in the online and also can't pay as cash. Only cheques. It's big headache, think off if we go to weekends it's big queue. The person will take only the cheques till 12'0 out of that time he will go for , urine and tea, . some stupid will do chit chat with neighbours. He don't have courtesy customers are in line. 4. Last is, the report rate has been reduced, but LIC was charging with old repo rate. If we go and ask for change the interest rate, they are asking to pay for .5 of loan amount. Other banks only taking just 5000 to 6000rs. But LIC taking more amount. What type of service it is, Is it government trusted company for customers. Or they want to all the amount from people, say like we are big ppl are in the market. Don't what it, I have every day dream to come out of loan. I want to clear, god nows how I can clear before 20yrs. I am afraiding for loans now. Because of my home loan I decided not to by car for another 5yrs till I want clear my whole home loan.

Respected sir, This is inform you that my father MR. Charan singh having policy no.[protected] has expired on 17.02.2015 and i have met with all the documents required and deposited with mr. rajkumar on 02.05.2015 and he assured me that within 2 days my amount will be deposited but till today it has not been deposited. I am a from a mediocure famly and i need money to survive my family. sir i request you to see this matter and solve my problem. thanks policy no.[protected] name-charan singh

I have forgot my password. I went through " forgot password " and receive a message -" your credentials has been emailed to you" but still I have not received any credentials in my mail box.Kindly provide me the password as I can be able to access my account easily, otherwise, I have been facing lot of problem. My Loan no:[protected] D.O.B- 15/11/1950 User id- jeet190 Several times I have tried to get my password as I forgot my password, but, still now I have not received my credentials in my registered Email id. Very bad gateway, very bad response, as a result I have not been accessing my login.Kindly provide me the password in my mail. Please resolve the matter urgently

I have taken a housing loan in Dec 2009 @8.9% and it continued for next three years as offred.After 3 years the interest rate shoots up to 12% and it is much higher than what other new gwn banks like AXIS, HDFC etc have been charging at a floating rate.My EMI increased more than 10%.Also LIC HFL did not pass over the REPO rate reduction from RBI also.Now banks like AXIS and HDFC floating rates are arround 10.5% for their existing customers and LIC HFL is looting their alreday existing [protected]@12%.LIC HFL should do justice to their present customers.Think 10 times before approaching LICHFL for home loans.

My current interest rate is too high @ 11.75 percent which was not there anywhere when i took the loan and even now its not there. I dont have money to pay such a high interest rate. Either LIC HFL should reduce the rate to 10.50 or i have to default on their loan. By Charging 11.75 percent they make people fool and loot us to make good profit. Regards, Chirag Bhuta [protected]

Hi, I have a housing loan with LICHFL, loan number[protected]. It is of floating interest rate (initial 2 years ROI was 10.25 %). Now from April 2015 my ROI is suddenly increased into 11.75 %, however according to RBI home loan rate should be reduced. In spite of repeated request, they have not reduced it. Please suggest what should I do? Thanks, Anath Das phone no. - [protected].

Sir, i have surrendered my policy number[protected] to the kankarbagh lic office on[protected], where it was issued, but not yet credited the surrenderd amount as on[protected]. Sir i am suffering from the financial problems, do the needful arrangement.

I have moved out of country and its been couple of months, so i have opted to renew my lic policy through lic website. Since its been many years have created the profile in the portal, was not able to recollect my password. When i tried the regular process of reset password through 'Forgot my password' link, it asked as for full length of details. As soon as i complete the form and click submit button it says new password link is sent to registered email address, but no email turns up. I did it couple of times to double check, but every time I see the same message on the poratl and no email is triggered. Please fix the issue, it a blunder. I know LIC is big organization, if you do not fix such small things people will no more go with you. Mine is totally frustrating experience!!!

Hi Sir/Madam I just completed Two years LICHFL by paying 24 fixed rates emi . Form this month onwards i need to pay the floating rates as per agreement. Unfortunately I have not received any communication form LIC regarding what would be my next rate of interest ? I would like some one from LICHFL contact me asap and provide me the details Regards Steevan Leo Fernandes [protected]

My name s vinoth R 03/05/2015 lic premium was done through online amt was debited in my account but premium not yet done pls sort out this 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: 01250087 Payment Amount: Rs. 33868.48 Payment Date: Sun May 03 19:15:19 GMT+05:30 2015 Card Used: XXXX XXXX XXXX 9970 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 Regards Vinoth.R [protected]@yahoo.com

Hi, I have a housing loan with LICHFL, loan number[protected]. It is of floating interest rate, whenever interest rate increased by RBI it was increased the same is reflected but when reduced same is not reflected.Now my ROI is 10.65. Please suggest what should I do? Thanks, Surajit Chaudhuri [protected]/[protected]

Respected sir In am a central government employee in Indian institute of Management. I applied house loan takeover DHFL to LIC on April 2015 but at present loan will not be passed following details are given below : First Applicant : Mrs. Kunda Desai Second Applicant : Mr. Pawan Gujar First applicant salary : 40000/- (approx), Govt. Job Second Applicant : 30000/- (approx), Govt. Job Takeover Amount : 230000 approx. House Registry Amount : 30, 50000/- Property Address : Udaipur Loan Apply : LIC Housing Finance, Udaipur Kindly help us to takeover loan process otherwise I will go to sbi home loa n after one year.

Dear Madam/Sir, I have given a SBI Cheque No 276525, of Rs 43427/- (of Branch: Tonto, Jhinkpani, Jharkhand - 833215) to Mr Sita Ram Sinha (Agent: LIC, Lar Town, Deaoria, UP) for new Life Insurance policy in name of my wife Mrs Sadhana Srivastava. Form was completely filled by the agent Mr Sita Ram Sinha & signed by my wife with all required documents. (Actually Mr Sita Ram Sinha is a father of my friend working with me at Jhinkpani & visited at Jhinkpani in first week of March, he request me for a policy as his target was failing so we have done one policy of Rs 500000/-) Rs 43427/- was deducted from my SBI account on 20th March 2015 but till now we have not received any document related to Life Insurance Policy at my address. So I am worried about mischievous act by the agent that policy is taken in name of my wife or not. So I request you to please look into the matter & confirmed that policy is taken in name of my wife or not. And kindly arrange to send the all document at my address. Regards, Sadhana Srivastava w/o Jagdish Prasad Srivastava PO: Jhinkpani, Dist: West Singhbhum Jharkhand - 833215 Mobile Number: [protected] e-mail id: jagadish.[protected]@acclimited.com

Dear Sir, Inspite of my various mail to customer support & area manager pimpri branch about User ID & Log in issue. I have taken a home loan IN 2011, details are as follows, Name-Mahesh Kalane. My home loan A/C no. is[protected]. Amount Rs 1350000/- DOB 10/11/1984 As per above loan details, I am unable to see my loan account details on line on your website LICHFL.website is showing me the msg(INVALID DATA). kindly forward my new user id and password on my new e mail id masha.[protected]@gmail.com Regards, Mahesh Kalane [protected] / [protected]

I have three Loan a/cs Nos 1. [protected] of Rs 9.30 Lac, 2. [protected] of Rs 6.0Lac and 3.[protected] of Rs8.0 Lac taken on 12.10.2003, 29.11.2006 and 31.10.2011, respectively. In loan a/c no.[protected] which was sanctioned on 29.11.2006, there is a wide difference in Interest and Principal amount as compared to my other a/cs. I had given a request regarding this matter in Area Office at Vaishali Nagar which was forwarded to LIC HFL head office JAIPUR two months back but I did not get any response. Now, again I am forwarding this request . Therefore, kindly look into the matter and acknowledge me as soon as possible accordingly. Thanks Yours PRAVESH KUMAR SHARMA 12A, SANTOSH NAGAR BRIJLALPURA, GOPALPURA BYEPASS, JAIPUR302019 (M); [protected]

my policy no[protected] has got matured in the month of ec14, but till date i have not recd the maturity amount. i have been following up with Ranchi lalpur branch and got a reply that the amount has been credited to my corporation bank account, but in my bank account the amount was not there, so again i visited the branch and started following up, then came to know that there is a mistake in the account no of mine and the amount has been credited to somebody elses account. This is such a mess i cant even explain. then the concern employee said we are putting a mail and will inform when the cheq comes back to us. but after my several follow-up till date there is no respond. Kindly look into the matter as its already 4 months over from the date of maturity.

Dear Respected Sirs / Madam, I am writing to you wrt my home loan account which i has secured from LIC Housing Finance Corporation. At the time of seeking the loan the executive had guided us to go for a Fixed Rate tenure and that i will be protected against any rate fluctuations. I believed him and took the same. Only to find out later that Floating rate interest are far lower rates as compared to the Fixed Loan rates. It also came...

Dear Sir, I am satyam Tiwari have taken home loan two year back loan account number[protected] .This is regarding extremely poor service rendered by officials at indore area office . I am being fooling around by them since last 23 days . On 4th April i received sms that my disbursement cheque has been handed over to Indore office and interest is also deducted of the same on 10th April . However this cheque is still not received...