Life Insurance Corporation of India [LIC] Complaints & Reviews

I had taken Jeevan Dhara Pension policy in the year 1998 from lic office,Taliparamba branch ,Kannur dt,kerala as per the advice of its Senoir Manager.He had given me in writing the benefits that I will get from this policy at the time of Maturity.Now policy No:[protected] got matured and the lic office says that the Final additional bonus was withdrawn on a later date and it is not a guranteed addition.Hence I am not eligble for such benefits .They never informed about these changes during the course of the policy and these things are not mentioned anywhere in my POLICY BOND.Is it not Fraud or Cheating by lic of india ,Taliparamba branch to its policy holder.Why they are engaged in giving false promises that too in writing.Pl.look in to this matter and give me your expert advice.

I had taken Jeevan Dhara Pension Policy No:[protected]Single premium from Taliparamba branch,Kannur Dt,Kerala in the year 1998 as per the advice of Senior Manager,Taliparamba Branch.He had given me in wrting the benefits that I will receive from this policy when it matures.Now my policy got matured and is due for first instalment payment on 01 /07/2010.Till this date I have not received any letter from Lic office with regards to the payment of Annuity and I do not know how I will get my monthly pension .In this regard ,I had contacted CRM,Kozhikode and also made complaint through LIC Web portal.But CRM ,Kozhikode is very arrogant in replying and they are supporting The Lic office ,Taliparamba branch very blindly and they are very haste in closing the complaint from LIC web portal without considering my grievances.My LIC web portal complaint no is : 270427 & 268146.Regarding maturity claims,the lic office says that in 1998,Jeevan Dhara policy had an additioanl benefit called Final additional Bonus payable on vesting date and this benefit was withdrawn on a later date and hence I am not eligible for final additional bonus.After giving promises in writing,and without informing the policy holder's the changes they made,I would like know whether LIC of India can deny the benifits after the policy maturity.Is Lic of India Cheating its customers very openly like this.Since I do not have any faith with CRM,kozhikode,I request you to kindly bring this grievance to the notice of higher authorities including LIC Chairman for kind consideration.
Thanks and Regards,
P.V.Haridasan
P.B.No:5295
Ras Al Khaimah
U.A.E
E.Mail ID: [protected]@hotmail.com

Dear Sir,

I want to surrender my policy "LIC Jeevan Anand" Policy No.[protected]. It was an yearly policy in which first payment i made cash and then 2 payments through internet banking transfer. I have missed the receipt of Internet banking transfer. Now when i visit the branch each and every time they say Please come with receipt or any proof of payment. When i told please check your documents. They told me its your responsibility not hours come any other day.

Please let me know what i do ?


Thanks,
Abhishek

My LIC money plus policy no is[protected]. I am unable to know its current status. Please mail the current status to my mail id [protected]@yahoo.com.

My Daughter Himani Agrawal purchased market plus policy from LIC of India Branch Chawani-I Kota vide policy No.[protected] for Rs. 50,000/- & My wife Asha Agrawal purchased same policy market plus from LIC Policy No.[protected] for Rs. 10,000/- but due to urgent need both were applied premature payment after three years on dtd. 7 April 2010 and filled or desired forms and affidavit etc. and submit to LIC of India Chawani-I Branch Kota but they have not received payment till date after continous persuance to LIC office
May Kindly help them to get above payment and issue suitable orders to Chief Manager LIC of India Chawani Kota.

TO, DATED: - 17/09/2010
THE CHAIRMAN,
L.I.C. Of India, Central Office, MUMBAI.

SUB: -Information regarding the non receipt of ‘’WELL COME M.D ‘’ Competition Prize

Dear Sir,
With due respect and humble submission I beg to state as under,That I Tarun Kumar Dey (C.M, s) Club Member Agent Agency Code No- 0755/558, Under “KATRAS GARH BRANCH”

That the lic hazaribagh divisional office launched a competition namely
‘’WELL-COME M.D’’ Period[protected] to[protected].

That I have already been qualified in respect of said competition I am entitled to get the said competition prize

Therefore I request you, kindly look into the matter and take necessary arrangement in my favour as immediately gets the above prize form the organisation

In which, I shall remain grateful to you
Thanking you yours faithfully


TARUN KUMAR DEY


Qtr No-313, Parasbania School Colony, AT-Madhuband Colliery, P.O-Nudkhurkee, Dist-Dhanbad ,Pin-828307
‘’Cell Phone No-[protected]’’ ‘’E mail id:[protected]@indiatimes.com’’

1st reminder send on[protected] by speed post vide no- EJ[protected] IN

My LIC Policy no is[protected] branch 11Y NAJAFGARH NEW DELHI-43 My survival benifit cheque of Rs 15000 given by LIC BR 11Y. But LIC MASH DEPARTMENT DO 3 stop payment of this said cheque. I meet head of the department in branch 11Y .He told me that we have given an another cheque in your favour which have been incash by any third party or by you. I show him my bank pass book but there is not such entry related the cheque. I have visited thrice lic branch 11Y but not satisfied answer related the cheque. At last in lic branch 11Y head of the department said that we have sent your documents at MASH department for further activity. 60 days passed but no answer/ letter/ mobile from 11Y or MASH department delhi DO3 Janakpuri. I have not received any payment / cheque form lic till today.
So I request you to take action against related department and make enquiry who have incash my S/B cheque and give punishment & penalty to related person. you are requisted to send my cheque by LIC with CDA CHARGES & WITH INTEREST because cheque payment is late by 61 days.
Thanks.
Yours faithfully
sunita w/o sh Harikishan
105C, B-BLOCK NANAKPION
RAMA PUBLIC SCHOOL ROAD
NAJAFGARH NEW DELHI PIN 110043

MOB. [protected]

Respected Sir,

I had applied for LIC credit card 2 to 3 months back. It was approved & LIC dispatched it to me (@ my home address) however I never received it. When I talked to the customer service they said that it should be with post office. I went & checked but did not find it. Please send it again. Below mentioned is my personal information.

Name: Rajat Rastogi
D O B : 6th Feb 1982

Mobile no: [protected]

Death claim in respect of Late Jeevakala died on 26.9.2009. So far no action is being taken and no sanction orders are received.

Sir, I am Neeraj Soni and my Policy No. is[protected] DOC: 26/03/2007. I had registered on lic website for online payment. However, due to forgetting the login/ID & Password, I am not able to
connect through website. Kindly reset my registration or else, suggest the measure so that I may
be able to log on on lic website please.

My Email ID: [protected]@nhai.org and Mob. [protected]

thanks

Neeraj Soni (A) B P Swarnkar (P)
H.No.11/151, Vasundhara Link Road
Ghaziabad (UP) Pin 201012

I am a LIC Credit Card Holder My Card No is [protected]
As instructed by LIC Credit Card Division I paid my dues by a Chandigarh Cheque well before due date and put it in the drop Box of Corporation Bank Chandigarh Branch. Corporation Bank Staff presented my Cheque without affixing their clearing stamps on the face of the cheque and presented. Drawee Bank returned the same for want of Corporation Bank stamp and LIC Credit Card Division put me in difficulty by charging late fees. I wrote to LIC CARD DIVISION for reversal of wrong late fee charges and no body respond to my complaints.LIC CREDIT CARD DIVISION is an apology in credit card system, they are lacking professionalism. Now I am ready for surrendering my LIC Credit Card if they are ready for surrendering my wrong late fees charges
Jobie S Kandakudy
[protected][mob]

Sir, I have accounts of money plus viz.[protected] and[protected].i want to know current status of my accounts on my E mail id....

Dear Sir,
I paid the renewal premium online today on dated 15/09/2010.
This policy No:[protected]. My bank account has been debited
amount Rs. 5415.00, but no online receipt for the payment of the
premium was generated and no change my policy FUP.

The transaction details from my bank account:

Value Date Narration Ref. No.
[protected] [protected] [protected][protected][protected]

15-Sep-2010 TO TRANSFER MSBI[protected]IG28775173
IBN Life Insurance TRANSFER TO [protected]
Corporation LIC_Ref BILLDESK TRANSATION A

Debit Account Number:[protected]
Debit Branch: State Bank of India, Narla, Kalahandi, Orissa
Amount INR 5415.00.

I would request for the problem to be resolved as early as possible.
Please send me Receipt in my mail ID, Otherwise I will be forced to take
the Help of Consumer Forum.
This is for your kind information and necessary action.
Your faithfully,

JUGAL KISHOR PADHAN
At./P.o.- Mandel, Via.- Narla
Dst.- Kalahandi, Orissa, Pin: 766100
Ph:[protected], Cell: [protected]
E-mail: swadhin.[protected]@gmail.com

My Loan a/c no 10001135, File No 601756 had been cleared since March 2007. I am regularly following for return of all my Original Documents i.e. Lease deed, Map, Transfer memorandum, serch certificate, completion certificate etc etc. via speed post, emails since to The Director (Grievance cell), Mumbai | The Regional Manager, Sansad Marg, N. Delhi | The Area Manager, Asaf Ali Road, Delhi | The Area Manager, Kaushambi, Ghaziabad and The Area Manager, Noida, of LIC housing finance ltd. And have not received any reponse from any one. It is requested to take the matter seriously and for your action.
Thanks, Vineet Grover ([protected])

Hi,

I bought LIC market plus tax saver policy on 13th Dec 2006 in pune and now i want to surrender it.
I have shifted to Hyderabad and wanted to surrender the policy here.But the LIC people are telling me that I cannot surrender my policy here, i have to go to pune and surrender my policy there.On top of it, they are saying that it will take 2-3 days time.
This is a clear case of putting the policy bearer in trouble.When i bought this policy via agent and even when i contacted the LIC people of my branch, they told me that i can surrender it anywhere and now i am hearing otherwise.
I dont understand the simple part that, shifting location is pretty much obvious in india and why the hell anyone would go to pune stay there for 2-3 days (again here you need to arrange place for stay) and then even after that you are not sure whether your work (surrender the policy) will be done on time.

This is why people think twice before investing in govt ULIP, because of so much of suffering, because of so much of trouble which they give to the policy bearer.

This is completely insane that i can do the policy-premain payment online from anywhere, but to surrender it to the LIC, i have to go the base center office.Why kind of rule is this that you can ask the money from anywhere and to get the money back , i have to come to pune.

I have invested Rs 90000 in the policy in three years and whatever the meagre profit which this policy is giving me will be invested in my trip to pune, arranging stay etc.
Dont you guys think twice before making such a pathetic policy.

I clearly felt cheated here by the LIC orgranization.and this is just a wakeup call to all those who are investing in LIC that please dont invest here.Better invest in private sector, these govt policies and nothing but piece of where you roam here and there with no luck and at the end, they will give you so much trouble at each phase of the policy(surrender/premium payment etc) that you will be like fully disgusted.


This is my sincere request to the LIC people to do something in this regards.I just cannot take 4 days leave to go to pune and stay there (wasting money here again) and surrender the policy.

Name : Pushpendra Singh
Market Plus policy no. :[protected]
Bought on : 13/12/2006
Email Id : [protected]@yahoo.co.in
Phone No. : [protected].

Thanks,
Pushpendra

SIR I WANT TO KNOW THE CURRENT STATUS OF THE POLICY NO[protected]

Sir,

My loan a/ no.[protected] file no. 205289, i had closed my loan a/c on 12th August 2010 by repaying all the outstanding balance amount. At the time of closing A/c i was given assurance by jogeshwari (East) branch office that i will receive all the documetns withing ten to fiftteen days but that never happened. After continous follow up with jogeshwari east branch i was informed to follow up with fort branch where nobody respond you properly if fortunetly anyone picks up the phone.

Neverthlesss, on 9th September 2010 i was called by jogeshwari (East) branch to collect the original documents. While handing over the documents first party original agreemnet which was between Pandey buuilders and Mr. Avinash S. Sawant given in "Photocopy" when inquired about the original agreement Mr. Vishal Doshi (Area Manager) instead of giving assurnace of looking into the matter tried to fool me by saying the LIC housing finance Limited never received the first party original agreement and had given disbursment of loan on the basis of "Photocopy" of first party agreement and i was told to inquire with first party Mr. Avinash S. Sawant and his loan banker. Now the questing is:-

1) How without orignal chain of documents (Regulatory requirement) loan amount is disbursed and how LIC housing finance Limited issued disbusment chque in favor of HDFC bank Ltd. to close loan account of Mr. Avinash S. Sawant (First Party).

2) How legal verification documents which lying in jogeshwari (East) branch file no. 205289 clearly states that they have verified original agreement of first party.

3) How first party Mr. Avinash S. Sawant share certificate received by LIC housing Finance Ltd. which was there along with first party original agreement.

Now, i am on the verge of cancellation of my flat selling negotiation which lead to finanancial loss to me and in furture without first party original agreement i will not be able to sell my flat. I request to reslove this issue.


Kindly look into the matter urgently.

Name: Ganesh R. Kanaujiya

Contact no: [protected]

I bought a Builder floor flat. I applied for home loan in LIC housing finance ltd.based upon my profile check and legal valuation of property , My home loan was approved by LIC and a loan agreement was signed between me and LIC housing finance. I was waiting for Loan cheque from LIC at the last instant despite of giving Loan Cheque they said that can’t give me loan As LIC does not do loan on builder floor. LIC also took processing fee of Rupees 5600 from me they kept me waited for 41 days Now I am completely harassed and disgruntled. I have already made 10% payment to builder. I have to make remaining payment to the builder. If my loan is not approved my initial paid amount can be forfeited by builder. I want to sue LIC for their mistake please let me know how can go ahead in this….
Thanks and Regards,
Chandra Prakash

Dear Sir/madam,
My name is Sameer Narang and i am working in a private bank. In March,2010 I met a LIC advisor named Sanjay Kumar through a friend of mine. I bought a money back policy for Rs.3236 (half-yearly) and give him a cheque of PNB Bank for the same. I told him to inform me before presenting the cheque. But my cheque was cleared on 13 march, 2010 without informing me. But still i am struggling to get my policy. my next premium is due this month but i dont know anything about it. please solve my problem my PNB cheque no was 971871. My contact no is [protected].

Hello Sir

I am Lic Agent and I want my LIC Agent Portal code. For this I am requesting to my A.S.M. from Last three months but till he not give me my agent portal code. So I request you sir please suggest me now what i do.

Manal Kumar
LIC Agent
01401-17M...