Life Insurance Corporation of India [LIC] Complaints & Reviews

this is a very surprises story about LIC

Generally so many persons are assumed that some of the agents are saying lies about schemes to procure business from the customers by giving wrong information.
But manager and development officers of LIC are misguiding the agents by training wrong information. so many agents have not known about charges in the unit linked policies would be cut by cancellation of appropriate units. they are saying total wrong information about maturity values. out of all companies LIC is saying many lies about schemes and their maturity values. suppose in the past days in LIC , all development officers and managers of the branch were saying in MONEY PLUS if you pay 10000 yearly for three years then you will get maturity of 50000000 from the LIC. then innocent people so many are invested the money because of along with agents so many high level officer cadre and managerial cadre giving wrong information. some persons are approached the branch about the infact statements then they said we dont know these statements , some agents may canvass that such wrong information. but brach managers and development officers are given training in such a way of wrong information to procure high volume of business from agents. hence this is entirely wrong by the branch managers and development officers.
please take this message to IRDA

My 02 Policy nos. are[protected] &[protected] for life insurance. Kindly arrange to provide me annual statement of premium paid by me during the current year 2009-10. This is required for submission of my Income Tax return. Urgent action is requested .

Thanking you
Darviyan Singh
H. No. 336, PTS Colony
Saket
New Delhi - 110062.

Sub: LIC File Number: 811554 Reimbursement of Over Charged Processing fees

I am writing this mail with the utter dissatisfaction of the service that I have received from LIC Tynampet Branch, Chennai.

I applied for the loan of 35 Lakhs in July 2009 and paid the 0.25 % processing fees upfront. The loan was sanctioned in the month of august after tirelessly submitting all the documents that they asked for.
Finally the sanction letter was given to my father-in-law was given the November, After his frequent follow ups with the LIC Sales person Mr.Hari and Mr.Natraj.

They mentioned that the delay in processing is due to LIC Software Problem and also because they have shifted their office to Tynempet.
They didn't mention that the sanction letter that they have given was about to expire in two weeks before which we should get the Loan Disbursed and it is not even stated in the Sanction Letter.

So Again to get the loan disbursed they started to ask for more documents like recent pay slip etc. Even after submitting all those documents on the same day, They dragged till the year end (31st of December) and made my father-in-law to pay the increased processing fees at the neck of the moment without my knowledge.

As a NRI customer never in a single instance I was informed what is happening with my loan, I wasn't even notified of the sanction or disbursement of my loan even through email.

I have contacted Ms.Bhrathi Manager(operations) and gave her all the email evidence that I was communicated with 0.5% upfront processing fees and made complaint about the delay and irresponsible people on 7th Jan 2010. She then requested for explanation from the Tynampet Area Manager Ms.Latha, who hasn't responded till date!. Frequent ISD calls won't get any answers!

Note : All customers please beware never go to LIC for Housing Loan or be ready to get the worst service.

PLEASE SEND THE LATEST STATUS OF MY POLICY NO[protected]

Dear Sir,

I was working in Delhi for sometime and during that time, I had taken one LIC policy (in 2000). In 2004, I had shifted to Hosur, Tamil Nadu.

I had emailed to LIC Branch Noida (BO 25J) on 29th Oct 2009 requesting them to change my address and forward my documents to Hosur Branch but there was no action. Again, I had couriered a letter on 24th Nov 2009 and surprisingly no action has been taken till now.

Its really urgent and I would really be thankful to you if you could help me in this regard.

Best regards,
Venkat

SIR,
MY POLICY NO.[protected] DT 30.03.2007.
MY WIFE POLICY NO.[protected] DT 30.03.2007.
INST. PREM; IS Rs25000/= AND Rs.20000/= PER ANNUM RESPECTIVELY.
I HAVE PAID THREE INSTALMENT IN MAR'2007, APR'2008 AND JUL'2009.
STILL I AM NOT GOT ANY INFORMATION REGARDS UNIT ALLOTMENT.
NOW I WANT TO KNOW THE UNITS ALLOTED TO ME AT PRESENT.

I, the undersigned, Krishna Mohan, resident of Hyderabad, Andhra Pradesh, worked in Trichy, Tamilnadu from April 2005 to April 2008. During that period, I got acquainted with Mr. Veeresh Babu, LIC agent, Agent number (04248), . I have taken three policies from him during that period. After leaving Trichy in April 2008, I have taken another policy Jeevan Astha in December 2008. The details of the policy are as follows:

Policy Number :[protected]
Policy Name : Jeevan Astha
Date of Commencement : 12/12/2008
Single Premium : 48795

Mr. Veeresh Babu told me that once the first year is completed there will be addition of Loyalty on the policy. I have clarified with him and confirmed that after one year if I surrender, the surrender value of 90% and then loyalty addition will give me a situation that there is no loss. When I surrendered I have got only 43,916 only which is a substantial loss. When I asked him, he informed me that LIC told him that they have changed the conditions so there will be no loyalty additions.

I can conclude that Mr. Veeresh Babu mislead me to meet his business targets and I have placed trust on as his service was satisfactory during the first three policies. I did not understand that he was preparing ground for a bigger scheme of things and gaining my trust.

I would pray that suitable punitive action taken against him and take appropriate action on LIC to pay the loyalty additions that were due to me.

Dear Sir,

1. I would like to bring to your kind notice of an instance which is an absolute contradiction to "Fair Practice Code" by agents OF LIC HOUSING FINANCE. The details are as follows:-

2. Having got a lucrative offer from Mr Sumit/Abhay (D.M. Consultants & Company, 1028/15, Tilak Bazar, Ist Floor, Chandni Chowk, Delhi - 110006, Mobile Numbers - [protected], [protected] & Land line No[protected] I got duped by the false statements. I had applied to LIC Housing Finance for a loan of Rs 5 Lac in first week of Dec 2009 with a promise of hassle free loan by said representative. I had categorically asked the person if my papers do not fulfill I will never opt of LIC Policy/process charges but Mr Sumit had assured me that my cheques will only be presented if your loan is sanctioned.

3. At very early stage of this process, Mr Sumit/Abhay were callingn me twice a day for documents/cheques despite of my reluctance/low interest in the process due to number of hassles involved in such cases. I owe a house with a value of almost more than 30 Lacs (Loan applied just for 5 Lacs to save taxes in future). After a number of calls from above representatives, they earned my faith and I handover them all documents/2 cheques on a very good failth. One of the cheque amounting to Rs 7210/- has already been deducted from my account on 22 Dec 2009. It seems to be a good technique of selling the LIC products. Another cheque of Rs 1103/- is also with them which they can produce any time to be deducted to my account and I am still bereft of clear cut picture of my loan status. I work on nets more than 12 hours a day and hence know all pros & cons of investments. I already have sufficient pure term insurance and prefer to invest in equities/mutual funds and not in LIC policies.

3. Despite of my reiterative calls to Mr Amit since last week, he is not giving due response on my calls. It has now become my prerogative to take such an action which deemed fit. I have no intention of defaming the concerned company but to bring false promise/offers by the representative in light of your Company and other concerned.

4. Hence you are requested to take action to get my whole amount refunded at the earliest possible otherwise I will have no option but to take legal action accordingly.

5. Such agents will surely harm the good credibility of company like LIC HOUSING FINANCE and is not good for long practice. Hope you will understand the nuances of the case and will take an action which deemed fit to settle the case.

With warm regards,

Sanjeev
[protected]

To
LIC INDIA
Jodhpur
Service Branch 154
Sir I Laxmi Narayan Sharma having the policy No[protected] . I paid the premiunm online on 25/08/2009 by SBI net banking and cyber receipt was given but not updated . Now the status showing on LIC web site is " POLICY IS NOT IN FORCE" . I lodged a complaint with LIC on 21/01/2010 with ref No 226216 but still no action was taken by LIC and my policy is not updated . Sir Now please update my policy so that I can be able to pay my premium on line and my benefits can be unchanged. the cyber receipt is as below:-


Life Insurance Corporation of India
PCMC, Network Operating Center
1st Floor, Jeevan Seva Annexe
S.V.Road, Santacruz(W)
Mumbai - 400 054

PREMIUM PAID CERTIFICATE FOR THE YEAR[protected]
DATE OF ISSUE: 21/01/2010

This is to certify that the following premium have been received under the following life insurance policy held by Laxmi Narayan Sharma

Name Laxmi Narayan Sharma
Policy Number [protected]
Plan 106(Jeevan Surabhi - 15 Years)
Policy Term 15
Premium Paying Term 12
Commencement Date 28/01/1998
Instalment Premium 2,681.00
Mode Of Premium Payment HLY
Reference Code 19988206

Due From Due To Number Of Instalments Premium Amount Received Received Date Collecting Branch Status
07/2009 07/2009 1 2,681.00 25/08/2009 PCMC Normal

Total amount received towards premium for the policy number[protected] is Rs. 2,681.00 for the financial year[protected]



This certificate is electronically generated 66

Sir ,
LIC
Jodhpur( Rajasthan)
I Laxmi Narayan Sharma having policy No 1003722 since 1998 and I am paying my policy premium online on LIC web site and I had paid my policy on 25/08/2009 by SBI net banking and cyber receipt was given.
But sir my policy was not updated and now it is showing "dead" on web site of LIC its status is "POLICY IS NOT IN FORCE" Sir Now I am unable to contact with mother branch at Jodhpur ( Rajasthan) . I launched a complaint with LIC on its site on dated 21/01/2010 by its complain No 226216 but no action was taken and still its show the same status . Kindly update my policy so that I can pay on line and all the benefits remains unchange it is due to the mistake of LIC .KIndly rectify the problem
My mobile No is :- [protected]

I had posted complaint on 5th December-09,After consulting Mr. k arun of LIC-Bagalore and Mr. ks lukosh (ABB-Bagalore), iam not getting any communication / actions from both .As this Group policy taken by ABB for Employee ,It is responsibily of company that his empoyee who had served there in ABB for thirty two years gets his own money on time .As on to day after eleven months iam not getting my annuity pension from LIC.
Regards.
Hasmukh Patel.
84,Shantinagar.
Tarsali Road.Vadodara-390 009
Mobile[protected]
[protected]@yahoo.co.in



LIC OF INDIA
Posted:[protected] by Hasmukh Patel Send email


Non recipt of Pension from LIC-Annuity No. 061Q[protected]
I have received Certificate of Annuity letter from LIC-Baglore of Dated 25th-July-09(Annuity No. 061 Q [protected]), regarding my Annuity payment.As mention in letter first instalment is to be due on 22nd.Octomber-09.Pls.note that up to today the due amount is not deposited to my account. The copy of the Letter received from Lic and copy of my Bank account details,sent to LIC-Pension &Group Insurance Dept. J C Road,Bangalore-560 002 on dated 04th.November-09 through Registed post and same Acknowleddge by LIC-Bangole by 13th. November-09.Ihave also send copy through Register AD, to my company (Mr.KS Lukose) M/S ABB Ltd.Khaneja Bhavan,49 Race Course road. Banglore-560001. Up to today i have not received any communication from LIC as well as from my Company ABB LTD.
Pls. do the needful
Regards
Hasmukh Patel

Sir,

I would like to bring in your kind notice that I have a policy with LIC of India No.[protected]LIC' Health Plus) and Rs.10,000 is being paid everyear as a premium since 2008. I am very much regret to note the poor service rendered by LIC of India as I am still waiting to get the TPA Card of Myself and for my son.

Now, I would request you to intervene in this matter and resolve the issue.
br...

resp sir,
sub: pension amount not deposited since dec-2008
ref: my policy no.[protected]under varishtha vima yojana (year 2003 - introduced by hon. ex pm shri Bajpayeeji in the year 2003)

resp sir:
In my bank - Central bank - sola road - ahmedabad - savings a/c no. [protected] - my monthly pension amount not deposited since dec-08 by lic.

i have submitted my "hayati" proof in front of cbi bank manager in prescribed lic form with authorised signature bank manger. The same lic form I have posted to the LIC ofiice - Bombay - (pension dept) on 13/12/2009. But I am sorry to say that no response of my document and depositing my pension amount (rs. 1800 monthly - from dec-2008) status by lic- india since today.

I have inquired with my bank on dated 19/01/10 about my pension amount as mentioned above para but found status nil.

you are requested to look in my case very seriously and requested to deposit my pension amount (since dec-08) at the earliest ane inform me by e-mail with your detail reply.

i have write this complaint through my relative.

I am 91 years old and favour me at the earliest.

v j popat (policy no[protected] under varishtha vima yojana)

Dear All,

I took loan from LIC in August -09 at 8.5 ROI , and with in 3 months it has been changed to 10%.
As per my sanction letter its right as it was issued in month of June-09.

I want to complain that many collagues took loan in same month from LIC and they are still paying 8.5 ROI.
even after 3 months.

I tried to get the real problem and they told me that this rate is fixed for them for 3 years. I saw there sanction letter and there is no difference in my and there terms and condition.

Then why i should pay 10 % , it's completely nonsense LIC is making fool to people.

Today i am paying highr interest than any other bank. Please tell me how can i switch to other bank or to other plan where my Intereset can be fixed at 8.5.

Blooming Life Multi Services is the Channel Partner of “LIC of India” and having 2nd rank in LIC’s business in all over India and having 1st rank in 4 states i.e. U.P., Uttarakhand, Bihar and Jharkhand. This is the genuine company and give very handsome binary earning as well as Single Leg/ Non-working income etc. etc.. If you find interesting, pl. write to me at [protected]@gmail.com or call [protected]

SIR
mera naam Yatin Bhatia hai. LIC branch mohali ki ek add paper me mili . usme likha tha ki
''LIC KE SMS BHEJKAR EARN KRAIN 8000RS. CONTACT KRAIN -[protected] PE '' maine iss no. pe contact kia to kisi Gaurav Sharma ne phone uthaya. or btaya ki isme aapko 580rs invest karne hai . or 1 week me aapko 1 kit mil jayegi .jisme 1 sim card or kuch form honge . isske bad aap kaam start kar skte hai. or 1 week me aapko 580rs wapis mil jayenge. lekin abhi tak koi kit bhi nhi aayi hai.or na hi koi paise wapis mile hai. or call kro to phone swith kar rkha hai.
sir pleae aap mujhe mere paise dila de.

My Lic Policy No. is[protected] and Matured On[protected], I already Sent Original Policy deed With Discharge Form to my lic office, Arambagh branch (Br.Code-449),Arambagh, Hooghly, West Bengal. The matured amt is to be Rs. 20241/- and it is very urgent to me but i have not received any cheque from their end though it is already past 7 weeks till today. I have contacted that Arambagh Lic office several times with there Branch Manager but they are reacting very relactant is this regard.
Please take necessary action at your end so that i can get the matured amount as soon as possible and oblise me.


from
utpal pharikal
tarakeswar, arambagh
hooghly, wb.

HI Sir,

I have paid my LIC premium for this year via SBI Card Bill pay facility.It was paid on 15th jan and the amount has been debited form my card but I have not yet received any premium receipt from LIC nor I am able to download it form the licindia portal.

My Policy Details are as follows:

LIC Policy No:[protected]
Name:Deepak Soni
Amount Paid: Rs 20129.00(yearly)


I want to submit the Premium Bill for my Tax Investment Proof and submission dates are very close.

It would be great if you could you send me the Duplicate bill to my mail ID: dipak.[protected]@gmail.com

Its very urgent, Sir please do the needful ASAP.

Thanks in Advance

Deepak

I have a insurance policy from LIC of India Ltd. Branch BHARWARI Distt. Allahabad. Policy No.[protected]. After evey four years Rs.25000/- will be money back to me but after four and a half year is pass on and I am not getting any cheque or amount of Rs.25000/- from LIC.All preimums has already paid by me at schedule time.
I have talk to Manager of above branch by telephone no.[protected] from DEcember-2009 but his reponse is not satisfactory.

Please look in to metter so I can get my money back with 12% interset as aleary as possible.

Thanking You

Laxmi Kant Tripathi
Mob : [protected]

Respected Sir,

I had applied for home loan to LIC home loan in april 2009 and till date nothing has happened i had requested to stop the process as there was no update from LIC.

Also i had requested to refund the processing fees as there was no action taken since 9 months.

I have written email to concern branch almost 10 email. Since i am staying in chennai. I only got reply that they have forwarded the request to the concern branch. After that i did not get any response it is almost 3 weeks.

Could you please help to how i can get this refund back.

Thanks
Prasad