Life Insurance Corporation of India [LIC] Complaints & Reviews

I am Krishnendu Hazra, LIC policy holder(policy no[protected] and[protected], from LIC's Habra branch, 24 paraganas(North), West Bengal. I have paid three year premium both the policy but due some financial problems i surrender both of policy on 18 Jun 2011. LIC Office issued two cheque vide their cheque No 50478 and 50477 dated 21 Jun 2011. Till date i am not received that two cheque and both cheque are stale. I visit LIC office they give me a date after three month after stale that cheque. I visit that time they give another date after Durga Puja. I visit again 18 October 2011 and give a written letter to LIC Office for fress cheque. LIC staff give me another date after a week. i visit that day they give me another date on 18 Nov 2011. I visit again I received another date on 26 Nov 2011 that is next saturday. I already westage 6 month time till date I can't solve my problem due to cheque not received till date. Tarikh pe Tarikh, tarikh pe tarikh, tarikh pe tarikh aur kitne din chalega?

Dear Sir,


Below mention points I want to bring to your notice, and kind consideration -


1. I have submitted an application for part -payment of my loan against my above mentioned loan account no of Rs 2,94,000/- (OBC Cheque No 591672) on 14 Oct 2011.

2. I have submitted the bank statement as a proof of income from my own sources as in the attached folder.

3. On 22nd Oct 2011 I find that pre-payment charges/levy ( Rs.5249/-) against my deposited amount of Rs 2,94,0000/- has been deducted from my account.

4. On 22nd Oct 2011 I have submitted a fresh application for refund of my deducted amount against Prue-payment charges/levy charges and till date I have not received any confirmation for the same.

Request you to consider my case and refund the deducted amount against the Prue-payment/levy charges and adjust in my part payment also request you to update the status of my application.

I shall be be very much grateful if you consider my case.

Thanks & Regards

Indrani Dey
Sandip Kumar Dey
DDA SFS Flat No-130,
Sector-1,Pocket -1
Dwarka, New Delhi-110075

Contact No-[protected]; [protected]

Kindly help me to get rid o[censored]nwanted losses..please contact me on [protected] Aayush Meghvanshi



late Loan santioning because of which propert was cancelled by builder which ultimate loss Extra 06 month interest on home loan fore closeing where as now a day there is no foreclosing charges

Sub: To remind sending me pre-dated cheques of LIC Pension Plan

Date:18 NONEMBER, 2011

Dear Sir,

With profound regards I intend to inform that I had a pension plan of LIC vide policy No.[protected] with DOC 01/11/1998 Earlier I had received pre-dated cheques (Rs. 1008/- each) from your good office from[protected] to[protected] at my residential address through speed post. I have deposited my last cheque on[protected] in the bank.
It is, therefore, requested to kindly issue me new installment of the pre-dated cheques from DECEMBER, 2011 to NOVEMBER. 2012 so that I may deposit the pension amount in time without facing any difficulty. I hope understanding my difficulties you will consider my request sympathetically and release the due pension amount at your earliest. Looking forward to an early positive reply.

Thanking you.
(SUREKHA RATHI)
[protected]

This is to your kind information that Uttar Bihar Gramin Bank (Aalamnagar) provided loan against below mentioned policy and loan is still in running condition , but original documents of same is taken back by policy holder for doing photo copy but not yet returned.so there is possibility for doing false signature of mine(Branch manager) for clearance of loan against same policy .
So its my request to Begusarai...

LIC Housing Finance net profit down 58%

http://www.business-standard.com/india/storypage.php?autono=455394

Please click the above URL to know the reason behind in LIC Housing Finance net profit down which was published in Economic Times.

At Valasaravakkam branch , if you directly submit your loan application ,if you submit a genuine loan application with income proof ,three years tax returns etc , they will not entertain you .

They find flimsy grounds for rejection that tax return is not filed in within due date even-though you might have filed within the extended deadline by IT department.

This is mainly because , you are not approaching them through the middle man available there.


Complaints to regional manager and zonal manager will not bring any relief .
Then, there is no wonder why net profit of LIC has fallend down.

Regards

A poor applicant

I , Mr Ketan D Kumbhare have taken a home loan from LIC Housing and deposited a Collateral securities. From the following evidences it will be clear to you that how LIC Housing is avoiding to return my collateral Securities which they are holding illegally with them.

At the time of disbursal of loan in year 2009 , as the matter of MHADA Lottery was pending with High Court , on request of LIC Housing I have given a Collateral Securities of my father’s Fixed Deposit worth Rs. 8 Lacs. LIC Housing have also informed me that the said Collateral Securities will be return on submission of Original Allotment letter & Original Possession letter issued be MHADA Authority.
On 07/01/2010 I have submitted original Allotment and Possession Letter to LIC Housing . In said Letter I had requested to return the Collateral Securities as per their earlier verbal commitment but they have shown their inability to return the Collateral Securities as they were unaware about the result of Public Interest Litigation filed with the High Court.
Again on 21/05/2011 I have gave them 2nd reminder letter along with Judgement copy passed in Hon’ble High Court Judge F . I . Rebello & R . v. More on dated 16th June 2010 mentioning the Public Interest Litigation is dismissed. and again requested them to return the Collateral Securities but again they have shown their inability to return the Collateral Securities and ask me to produce the Judgement of Supreme Court.
On 05/06/2011 I have submitted to LIC Housing a letter issued by Hon’ble Chairman Sahakar Nagar Cosmo Plaza CHS mentioning that their charge on subject flat have been created by the society and society has also undertaken to issue and send share certificate directly to them.
On 27th August 2011 I have again submitted my 3rd request letter along with DNA News paper-cutting mentioning the judgement of Hon’ble Supreme Court that Hon’ble Supreme Court had refused to pass an interim order staying the allotment of 3863 tenements.

From the above everments you will find that I have many times requested to LIC Housing to return the Collateral Securities i.e. Fix Deposit Receipts of my Father Shri Dattatray N.Kumbhare for Rs. 8 Lacs. But every time they have failed, neglected and avoided to return the Collateral Securities for the reason best known to them even after I have fulfilled their every requirements. A Collateral Securities which they have hold illegally with them have never demanded by them at any stage of Sanctioning the Housing Loan to me. Neither they have gave me any letter regarding demanding or holding of Collateral Securities against the said loan nor they have mentioned the condition of keeping Collateral Securities in their loan sanctioned letter dated 31/078/2009 issued to me. For fast processing my father offered them the said Collateral Securities for temporary period and same was agreed by them verbally.


The same letter I have forwarded to LIC Housing Regional Manager Mumbai, But they haven't taken any action against it.

Kindly help me in the above matter.
Ketan D Kumbhare
email : ketan.[protected]@gmail.com
Kindly Suggest me where

Sir, I have taken LIC Policy no.[protected] on 28.10.2003 from LIC Branch offic Barh (Bihar) against my son Mr Sangam Yadav but till date neither LIC Policy Bond papers received from LIC Office nor any reply so far . I have been requested many time to LIC Barh in writing and after appearing before officer.During my visit in LIC Barh Branch, the Branch Manager was replied that concerned Bond Form for Table No. 50 not available in branch and subject Bond will be provided on receipt from Main Branch but till date no action so far. Beseds, I have paid every premium continuously since 2003 to till date. Meanwhile my policy has been transferred from Barh to Etah but my policy bond still not received, Please look into the matter personally and direct concerned branch to send the my policy bond papers to my address.

Shyam Vir Sinngh

I have been sanctioned housing loan Rs22.0lacs from Delhi Ansari road vide file no.31236. Last time after submission of demand letter, 3 months was taken in disbursement resulting penal intrest of Rs20000.00 was charged by builder for delayed payment. This time also I submitted demand letter on 2/11/2011 and after repeated visit to their ofice and request(there is no response on phone) cheque was received on 12/11/2011 whereas in other bank...

i am policy holder of market plus table no.181.my policy no.[protected] having rs.15000/- for three years.i want to no the current value of this policies of today please send to the detail of my policy my email,id:-abdulrajjak.[protected]@gmail.com...

dear sir,

I would like to draw your kind attention that my wife taken said policy and nominee is mentioned our minor daughter and appointee mentioned her mother ( my mother-in-law), but unfortunately my wife expired on 30.06.2010 and as agreed by mother-in-law and agent of lic, and smt. Janakiamma ( mother-in-law) agreed to deposit claim to my daughter's name and she can withdraw the same after she get major. But till date the said amount deposited to my daughter's name, but lic already handedover the cheque to Smt. Janaki amma also. the case well known branch manager of Ottpalam Br.

Pl. do the needful at your end to get the money in name of my daughter for her future, becasue her grandmother is not a good terms with us or any of their family.

Thanking you

K.madhusudhanan,
Phone [protected]

From: Pugalendi - LIC/HFL customer of Salem branch.

i have taken a housing loan two years ago i.e.2009, from salem branch of LIC-HFL, and i am paying around 17000 as EMI every month. but i am kept totally in dark regarding EMI and interest calculations. the branch never bothered to inform me about the status of repayments or loan statments. every time different staff will tell different amount as EMIs.branch manager or agent who fecilitated loan, are so inconsistant in informing or the way for collection of EMI amount. i am at a distant state finding very difficult to make my EMI payment regularly, with clear information.

i want 1. loan statement, 2.EMI calculations, 3. Interest calculations, 4.mode of collection of payment should be simple and easier.

Salem LIC-HFL please send immediate response through my email id - [protected]@live.in.

My mother (siya devi)had a money back policy of lic of india having policy no[protected].Policy was matured in may 2010.On maturity it was found that money back amount of Rs 4000.00 was paid through cheque no 0130913 on 20/05/2005 ,but actually we have not received this amount through any mode. Matter was put up to lic ballia office but all in vein, they are not attending this problem despite of several visit to ballia office. Pl look into this matter and pay the money back amount. This is not a single case ,there are several people who donot get there money back amount because of ignorence. Pl takeup this matter .thanking you .Your early resopnse is solocited.

Anand kumar singh ,s/o Sri Hari shankar singh
Vill+ Post -Basantpur
District-Ballia
UP 277301, Ph no. [protected],

D/sir
I want to bring to your kind notice the following facts:-
1. That I am an employee with LIC of India branch unit 12-B Jasola Vihar New Delhi- 110025. and I am working on the post of HGA my salary roll no is- 119001.
2. That my property 13/518 Vasundhara Ghaziabad (UP) is already mortgaged for Rs. 150,000 with lic of India and now with HFL due to merger of Deptt. HPF with HFL.
3. That I approached LIC- HFL,25 Kasturba Gandhi marg for my cadre loan of Rs.15,00,000 for further contruction of the said property
4. But the Area Manager Mr.Alok refused flatly to sanction me loan as my name appearing in defaulter list for Non-panent of Rs.4202/= of personal loan in CIBILE.
5.That I had availed a loan of Rs.151,000/- from ICICI Bank which was duly paid. But one last instalment could not be debited from my account due to my transfer on prmotion
6. that one car on account could not be closed because ICICI Bank was demanding Rs.1500/= for renewal of the account.But I did not wanted to contine the same.
7. However,I have got NOC's of the same.
8.That I request the higher authorites to interefer in my matter and enable me to get the loan of Rs.15,00,000.
This is really shocking for me that being an employe of lic of India I am not able to get further housing loan on the property which is already mortgaged with HFL. And at the same time all my retirement benifits are vested with LIC of India.
9.I am in distress as I had already started construction absolutely unaware of the fact that I would be treated in such a harsh manner.
Yours faithfully

Mahender Singh
mob-[protected]
PAN- AUDPS8853Q
DOB-02.07.1964

division office: machilipatnam;
branch code: 692; gudivada
policy holder : Nagaboina Venkata Narayana;
policy number:[protected];
death claim in the year : 2006;
agent code : 1470-692;
respected sir,
death claim sent to division officefrom gudivada branch. from four years, division office cannot send our claim details.while we enquire in our branch ,they are saying that it was not reched at all to this branch. please send the regarding file to gudivda branch. please settle the claim as early as possible .
the policy holder is pressuring us . please send the file and settle the claim immediately.
yours faithfully,
M. rama krishna rao;
policy nominee: nagaboina jaya

thanks my licance receive but my commission not receive till date 5.11.11
TO
CHAIR MAN
LIC
SUB : COMPLANT UR LIC OFFICER SWARN JEET ([protected])
SIR I REQUEST U UR LIC OFFICER MR SWARN JEET COLLECT MANY TIME PAYMENT FOR LIC LICANCE BUT WE HAVE NOT RECEIVE LIC LICANCE I DO 1 POLICY MR ATUL THAN I DEMAND MY POLICY COMMISSION . THAN SWARN JEET ASK ME AFTER SOME TIME GIVE U COMMISSION THAN I SEE THE ATUL POLICY ATUL POLICY ADVISER ANY OTHER PERSON PLZ CONTECT TO MR ATUL ([protected])AND GIVE ME MY COMMISSION AND MY LIC LICANCE AND TAKE ACTION MR SWARN JEET ([protected])
FROM SEEMA JINDAL
# 7427 KARTAR BASTI
BATHINDA 151001
[protected]
SEEMA.[protected]@YAHOO.COM

This is with respect to a policy which was advertised to me via a phone call. Through this phone call, I happened to become a prey to the so said LIC officer who was calling me from the Fort office of LIC. (as told to me). he said that he is not an agent instead one of the officials and told that this is in respect to the JEEVan Anand policy which is for a sum insUred of Rs.200,000. he said that i will have to pay for the first 15 yrs a premium of 20k p.a. and then there will be insUrance till 99yrs. this happened on 22nd September. he said today we are giving a discount of 3300rs. which means you will have to pay a premium of rs.16,700 p.a. only. Being very impressed with the said policy said ok and decided to go ahead .he said oUr verification office will be calling you to verify the details supplied by you,just answer him accordingly. said ok and as said i got a call and answered all his questions regarding birth dates and thats it. he said one of oUr persons will be coming to yoUr place within an hoUr, he shall call you before coming. said ok. got the call and he came home, i only happened to ask his name and dint bother to ask for his card(the biggest mistake i did). he took the cheque which was crossed in the name of lic of India for 16,700 filled the form in front of me took my signatUre and left. when asked he said his name was sachin. before filling the form he once again explained me the details of the said policy. my cheque got cleared exactly the third day, but till date i haven't yet got any sort of policy document or any receipt from lic. when i called the customer service of LIC they say we can't do anything in this case, its Ur mistake..there are thousands of transactions taking place in a day its not possible to locate just one person's cheque details..you better find out from yoUr bank. when asked the bank - ICICI-, they say we can only say its drawn in the name of LIC no other details can be provided.

i am in a real helpless situation. haven't yet informed anyone about it..dont know what to do whoom to go to for fUrther investigation..NEVER EXPECTED THAT SUCH A FRAUD CAN TAKE PLACE IN THE NAME OF A REPUTED ORGANISATION LIKE LIC.

I am Secretary of LIC co-operative housing Society Ltd. in Rajkot City of Gujarat and want to know as per the bye-laws one member did not construct house within 3 years. Breach. There is bye-laws that a member cannot hold plot, building in same whose family member is already having plot-building. Breach is liable for discharging member. For 1st reach penaly imposed as per bye-laws paid by the member who is residing abroad permanently. Now can I grant permission for constructing house on his plot hiding the bye-laws regarding 2nd breach. Please guide

Attached are the letter sent to LICHFL for clarification and refund of the excess amount charged by the company. Now,neither they are refunding the amount nor clarifying the charges.

waiver letter is available with me dtd 23.03.2011.
kindly suggest and cooperate for the same.

regards,
GS MUNDE
122, Vinayak Apartments (BHEL)
Plot No. C-58/19
Sector – 62
Noida – 201307

1) Letter send to LICHFL

Date: January 23, 2008
To
Shri D.S.Rawat
LIC Housing Finance Limited
Laxmi Insurance Building
Asaf Ali Road,
New Delhi

Subject: Loan Account No.[protected],[protected] and[protected]

Dear Sir,

I took loan from the LIC Housing Finance Ltd., for my flat (Address as mentioned above) as per the following details:
Table-1
Sl. No. Loan A/c No. Date on which Loan was disbursed Amount of Loan
(Rs. / Lakes) Rate of Interest (Floating) Term of Loan
1 10060921 [protected] 11,00,000.00 8.2% 15 Years
2 10061516 [protected] 1,40,000.00 7.25% 11 Years
3 10062258 [protected] 1,50,000.00 7.75% 10 Years

The following is the statement of increase / decrease in floating rate of interests by LIC Housing Finance Limited (The data taken from the statements received from LICHFL copies of the same is being attached herewith for your ready reference).
Table-2
Date of change in intrest rates Old Rate (%) New Rate (%) Difference (%)
24/02/2005 for Loan at Sl. No. 1 above. 7.5 7.75 0.25
24/02/2005 for Loan at Sl. No. 2 above. 7.25 7.75 0.50**

01/08/2005 for Loan at Sl. No. 1 above. 7.75 8.00 0.25
01/08/2005 for Loan at Sl. No. 2 above. 7.75 8.00 0.25

01/02/2006 for Loan at Sl. No. 1 above. 8.00 8.25 0.25
01/02/2006 for Loan at Sl. No. 2 above. 8.00 8.25 0.25
01/02/2006 for Loan at Sl. No. 3 above. 7.75 8.25 0.50**

29/04/2006 for Loan at Sl. No. 1 above. 8.25 8.25 0.00
29/04/2006 for Loan at Sl. No. 2 above. 8.25 8.75 0.50
29/04/2006 for Loan at Sl. No. 3 above. 8.25 8.75 0.50**

31/07/2006 for Loan at Sl. No. 1 above. 8.25 9.25 1.00**
31/07/2006 for Loan at Sl. No. 2 above. 8.75 9.00 0.25
31/07/2006 for Loan at Sl. No. 3 above. 8.75 9.00 0.25

31/07/2006 for Loan at Sl. No. 1 above. 8.25 8.25 0.00**
31/10/2006 for Loan at Sl. No. 2 above. 9.00 9.25 0.25
31/10/2006 for Loan at Sl. No. 3 above. 9.00 9.25 0.25

31/01/2007 for Loan at Sl. No. 1 above. 9.25 9.75 0.50**
31/01/2007 for Loan at Sl. No. 2 above. 9.25 9.50 0.25
31/01/2007 for Loan at Sl. No. 3 above. 9.25 9.50 0.25

30/04/2007 for Loan at Sl. No. 1 above. 9.75 10.50 0.75**
30/04/2007 for Loan at Sl. No. 2 above. 9.50 10.50 1.00
30/04/2007 for Loan at Sl. No. 3 above. 9.50 10.50 1.00
31/07/2007 for Loan at Sl. No. 1 above. 9.75 10.50 0.75**
31/07/2007 for Loan at Sl. No. 2 above. ? ?
31/07/2007 for Loan at Sl. No. 3 above. ? ?




Now looking at the above table, I am not able to understand, why the INCREASE IN RATE OF INTERESTS is different on same date. Please refer rows where (**) marks are there.

It is requested, the increase in rate of interest may please be maintained on a particular date. You are also requested to correct my account.

Thanking you,

Yours sincerely,



(G.S.MUNDE)

G.S. MUNDE
122, Vinayak Apartments (BHEL)
Plot No. C-58/19
Sector – 62
Noida – 201307

2) Letter send to LICHFL

Date: May 30, 2011
To
Regional Manager
LIC Housing Finance Limited
Laxmi Insurance Building
Asaf Ali Road,
New Delhi

Subject: Loan Account No.[protected],[protected]Closed) and[protected]Closed)

Dear Sir,

I took loan from the LIC Housing Finance Ltd as per loan account numbers cited in the subject above. I have seen a lacuna in the statement provided by LIC HFL.

The EMIs for all the three loans taken by me is as under as per the statement provided by you.

Loan Account No.[protected] - EMI Rs.11868.00
Loan Account No.[protected]Closed in March, 2011) – EMI Rs. 2075.00
Loan Account No.[protected]Closed in March, 2011) – EMI Rs. 1793.00

1. The Total for the above three EMIs comes to Rs. 15736.00. Whereas an amount of Rs. 16004.00 is being deducted from my salary every month by LIC HFL. Kindly let me know that for which head the difference of Rs.268/- is being deducted.
2. If the difference of Rs.268/- is being deducted by mistake, kindly treat this amount as principal refund.
3. The above two accounts which I have closed in March, 2011 and a statement was provided to me which is showing “Excess Amount” at many places. Kindly arrange to refund this excess amount to me at the earliest.

Thanking you and expecting a quick response from LIC HFL.

Yours sincerely,


(G.S.MUNDE)
Mobile No.: [protected]

Applied for transfer of policies.Received intimation letters dated 11/05/2011from LIC Kurnool branch(code 656) conforming transfer and to pay premiums at LIC Channapatna branch(code 601). From that day to till date I contacted in person the Chief branch manager several times at LIC Channapatna and also made contacts from LIC Kurnool to Channapatna sevaral times but no use.Even LIC Channapatna authorities contacted divisional office at Bangalore-II and could not able to transfer my policies. Later they contacted central office at mumbai. But till date LIC failed to accept my premiums of my policies (nos.[protected],[protected],[protected] with due dates in sept, oct, nov which are expiring.

Kindly pursue my problem .

ravada ramesh