Life Insurance Corporation of India [LIC] Complaints & Reviews

Dear Sir,

LIC is Public Sector Unit and it is still with-holding crores of rupees of the policies which could not be continued for contractual period and they have made mandatory clause that the residual amount of premium shall be forfeited. When policy holder can not derive any benefit such as bonus, claims, loan and other withdrawals, then it is essentially possible for them to make an arrangement for refund of the amount of policies after the maturity period.

Corporation may be asked by Ministry concerned or IRDA to make public announcement to make an arrangement to refund of deposited amount by deducting permissible administrative expenses for maintaining records either to policy holder or to their nominees. It is not very much difficult for them to trace the addresses and location after giving public announcement.

Will LIC show business ethics to refund the amount payable to their policy holders? It will be great public cause if they do so!

Thanking you,

Yours faithfully,
Ashok Bhansali.

Dear Sirs,

In July 2009 I have requested for a term insurance plan of Rs. 25 lacs vide my proposal no. 4368 through your 12 H satellite branch at Rohini, sector 11, New Delhi. For which I have already paid the required premium in the month of July 2009 itself. But till date I have not received the FPR or any status of my policy. Request you to look into the matter urgently and issue the FPR and policy bond.

rgds
Arun Gupta
[protected]

I had taken a policy under Jiwan Saral scheme vide policy no[protected] on dated 28/10/2009 through agent code no 93418124,DO.CD.120511,branch code no.124,& payment Rs.1021/-permonth through ECS from my Canara Bank Shastri Nagar branch saving account no[protected] on 28th of every month. I am surprised to see my bank statement the amount transfer from my account Rs 1021/-twice per month.ie Rs 1021+1021 in the month of Novemer as well as in the month of December also without any information. On contract to my bank I am informed by my Bank they transfer the amount as per instruction recieved from LIC.The matter informed to agent regularly but not any positive respose recieved.
Hence I would request to your goodselves kindly look in the matter & arrange reembrusse the Excess deducted amountRs.2042/-with intrest without further delay.
Thanks.
With warm Regards
Rakesh Pathak.
B- 1487,Shastri Nagar,
Delhi-110052
Contract Mob no [protected]

Dear Sir,
Life insurance corporation of India's portal for online premium payment is not working fine.
It is giving the error message that 'Server is too busy' evertime whenever I used to log-in.
When I am trying to call their customer care it always give me a message you are in queue that is why not able to log a complain in customer care.
I am complaining against the online premium payment service...

Dear Sir,
I am Shushila devi(nominee) my husband name- Late Shree Ganesh Das(policy holder). My husband has expired on 23/12/2007. He had the Policy no.[protected]. policy amt. 100000.
mein bahut bar lic office me chakkar laga lagakar preshan ho gaya hun. but koi response nahi mil raha hai. death ka 2 years ho gaya hai. mein sabhi documents agent ko diya tha but woh mujhe gumrah kar raha hai. and preshan kiya ja raha hai. please take hard action in this matter. policy agent and lic office ke staff kafi preshan kiya hai iske against hard action liya jay. policy agent no. 00892051b00=0000057.

I will be very much greatfull to you if you release the amount immediately
POLICY NUMBER[protected]
POLICY HOLDER NAME- LATE SHRE GANESH DAS
WIFE NAME - SMT. SUSHILA DEVI-NONINEE
.ADDRESS- NAYATOLA-USRI, P.O. GOGRI, DIST. KHAGARIA, BIHAR. PIN-851202
MOBILE NUMBER - [protected] (SUSHILA DEVI)
[protected] DILIP KUMAR



Thanking You
Yours Faithfully

SUSHILA DEVI -NONINEE
DILIP KUMAR

These LIC money plus guys (the insurance agent) approached us and forcebly made us opt for a policy for 25000 on three members and 10000 on two members.
and said that we can lock in the policy once after the completion of Three years. Now when i approached the Insurace company at Kamaraj Road (Frazer Town) Near Padmini Products Bangalore, the lazy useless officials there behave in such rude manner when you ask them something. They neither respond to us in a polite manner. The Cash counter Lady and few other lazy officials sit their only to chat their family related stories. And once when we distract them they fowl upon us. Such impatient and uncivilized way of behaving with customers when we ask them doubts.
The Insurance agents are more than the officials. Before opting for the policy they reminded us every now and then but later on They changed their mobile No's and donot respond to our calls if we call up their land line No's.
When we directly approach the office at Kamaraj road to ask the details regarding the Insurace agent or details of the policy these lazy ones (who draw salary just to chat their family related issues) fowl upon the customers.
Inspite of the Big queue waiting there for payment these cash counter ladies act so lethargic and never respond to the customers greivience. I will also take up the matter to where ever and see to that such ill mannered officials are out of the LIC office

Respected Sir/Madam,

I have a policy in your insurance company . My policy no is[protected].at Contai Branch(W.B.)This policy is money back system.. After 5 Years my policy return amount is Rs-10000/-(Ten Thousand). Contai Branch was issue a cheque of AXIS bank (contai Branch). Cheque No is 210306, dated on 28/12/09. But this cheque return due to signature not matching in this LIC account.

So, I am facing a problem this cheque. Kindly feed back as soon as possible.

Now My present address is – C-55, HARINAGAR.
NEAR CLOCK TOWER
NEW DELHI-64.
MOB- 91-[protected]

KIND INFORMATION THAT- Please find the attach of cheqe file .

DEAR SIR
LIC OF INDIA,CHEATED WITH UNEMPLOMED YOUTH OF INDIA.LIC HAD PUBLISHED ADVERTISEMENT ON POST OF "SENIOR MARKETING EXECUTIVE"CONTRATUAL BASIS.I HAVE PAID DEMAND DRAFT OF RUPEES 300 AS FEES TO MUMBAI OFFICE IN SEPTEMBER2009.
I HAVE MENTIONED MY EMAIL ID AND PHONE NUMBER IN MY APPLICATION.

I HAVE RECEIVED THE CALL LETTER OF EXAMINATION ON 06.01.2010. AT MY POSTAL ADDRESS.BUT EXAMINATION IS OVER ON 03.01.2010.SO I AM UNABLE TO ATTEND ABOVE EXAMINATION.MY QUESTION IS WHY LIC OF INDIA COULD NOT EMAIL OR PHONE BEFORE EXAMINATION.

MY ROLL NUMBER IS:12170091

NOW I WANT TO RETURN OF MY FEES RS300 TO MY POSTAL ADDRESS.
MY EMAIL:[protected]@yahoo.com

i have taken loan to purchase a flat from Lic housing finance ltdm.my loan a/c no is[protected]
now i repaid all my loan amount on 24/11/09 but til date i have not

received my original loan file.and for that i am getting very heavy

loses. its too much delay .pl halp.

--s v nirmal

Dear sir,
my policy no. is[protected]. how could i get my NAV value & statement of my account till 31/12/09.
Please sugges me.

respected sir
this is to inform you that my money back cheque is due for policy no.[protected] on[protected] but i regrette to inform you that i have not received the cheque for the same till now.
please do the needful at your earliest.
regards
devender sachdeva
[protected].

I had surrendered my policy Lic Market Plus at LIC of India, Ambala Cantt Haryana
on 21.12.2009. I was informed by Mr. Narinder Kumar Verma, Admn Officer that i
will be issued my cheque on 23.12.2009 . Accordingly, I went to LIC of india office
on 25.12.09 or 26.12.2009 to have my cheque issued. I was again told by Mr. Verma
that my cheque is not ready. Thereafter, I again went to Lic of India on 4.01.10 to
take my cheque from Mr. Narinder Kumar Verma, Admn Officer at Ambala Cantt.
Mr. Verma misbehaved and kept me waiting for half an hour and attended other
Customers who came after me. Even after my repeated requests, he refused to
me my cheque and told me to come after 2:00 P.M. It is matter of great regret and
surprise that i am not issued my cheque even after lapse of 14 days from the date
of surrender of my policy. Mr. Verma did not even bother to check that whether my
cheque is ready or not, and just told me to come after 2:00 P.M. for the third time
to take my cheque.

I have invested Rs:1,80,000 till date in LIC Market Plus,Growth Fund,Plan Mo:181.Till date I have not received latest NAV from my Agent,Mr Venkateswara Rao,Nellore Dt(Andhra Pradesh).He can be reached @[protected].

(Policy No's:[protected] ,[protected], [protected] ,[protected]Service branch 711)

Please let me know how many how many units are credited to my account and the latest NAV.

My agent...

I want to know my lic policy no.[protected] details

Dear Sir,

We took a loan of Rs.6800000.00 (Rupees Sixty eight lacs only) from LIC Housing Finance Ltd. LOAN A/C. NO.[protected] in March 2007. now we paid them 750000.00 (Rupees Seven lacs fifty thousand only) in November 2009 in addition to normal EMI they have charged 2% as pre-payment penalty. Now we want this loan to be taken over by Bank of Maharashtra as BOM interest rate is 8.5% and LIC housing finance rate of interest is 10.50%. LIC Housing saying that they will charge 2% as pre-payment penalty on take over amount. We requested you to intervene and save our pre-payment penalty.

TO THE CHAIR PERSION REMINDER:--II
Indian Consumer Complaints Forum

DEAR SIR,
PLESE REFER TO THE SUBJECT CITED ABOVE, DIVISIONAL MANAGER, JAMSHEDPUR DIVISION, Mr. V.MAZUMDAR CLEARLY SPEEK UNDER REF.NO. P&GS I SR DATED[protected] AFTER CORRECTION THE SAID POLICY ALREADY SEND TO DHANBAD BRANCH – IV ON[protected] . BUT SO MANY CORRESPONDENCE LIC DIVISIONAL OFFICE, JAMSHEDPUR AND BRANCH –IV DHANBAD, I.R.D.A- HYDREBAD, OFFICE OF THE INSURANCE OMBUDSMAN KOLKATA .
RESULT SO MANY OF ERRORFULL POLICY (UNDER –[protected]ON MY HAND TWO ORIGINAL POLICY.
ERROR AS UNDER :-
1. FIRST POLICY ISSUED BY ANADI NATH MANDAL (AAO) DHANBAD BRANCH – IV 1999 AND 2nd POLICY ISSUED BY SNGEETA SHARMA (AO) DHANBAD BRANCH - IV 2007. SAME NO. ORIGINAL TWO ERROR FULL POLICY NO MY HAND.
2.AMOUNT OF MONTHLY PENSION PRINTED THE POLICY Rs. 4385.00 THIS AMOUNT IS WRONG, CORRECT AMOUNT 4581.00 INSTEAD OF Rs. 4385.00. SEE LIC ACT 1956.
3.NATIONAL CASH OPTION PRINTED THE SAME TWO POLICY Rs. 458015/- THIS AMOUNT IS ALSO WRONG . CORRECT AMOUNT Rs. 458064/- INSTEAD OF Rs. 458015/- (AS PER TABLE[protected] JEEVEN SURAKSHA READY PENSION FOR MONTHLY PENSION )
4. DATE OF FIRST PENSION INSTALLMENT SHOWING THE BOTH POLICY[protected] i.e. WRONG, CORRECT DATE OF FIRST PENSION[protected] BECAUSE LAST PAYMENT OF PREMIUM[protected] AND DATE OF PROPOSAL[protected] AS PAR LIC ACT 1956 DATE OF MATURITY i.e. FIRST PENSION DUE ON 11/9/2020 INSTEAD OF[protected] .
THE ABOVE TABLE CALCULATION CHART AND OTHER PAPER NOT AVAILABLE AT DHANBAD BRANCH – IV AND DIVISONAL OFFICE JAMSHEDPUR AS PER SANGEET SHARMA'S OPENION (AO) DHANBAD BRANCH –IV, SANGEET SHARMA'S PERSONALLY REQUEST TO ME AND I Mr.S.P. MANDAL (POLICY HOLDER TOTAL PAPER (ZEROX COPY) HANDED OVER TO SANGEET SHARMA (AO).
BUT RESULT IS ZERO SO MANY ERRORFULL (TWO ORIGINAL ) POLICY SAME NUMBER[protected] ON MY HAND.
THERE FORE I REQUEST YOU TO KINDLY LOOK INTO THE MATTER AND CORRECTION THE ABOVE NOTED ERROR AND ISSUE THE FRESH POLICY EARLIEST AT YOUR END .
THANKING YOU
YOURS FAITHFULLY
SHYAMA PADA MANDAL
MOHUDA COAL WASHERY
PO- MOHUDA, 828305
DIST – DHANBAD
JHARKHAND
CONTACTNO - [protected]

TO
THE
CHAIR PERSONS








Ref:- NON –RECEIPT OF POLICY –BOND.-
- NO :[protected]


DEAR SIR/MADAM,
WITH DUE RESPECT I BEG TO STATE THAT I SHREE Shyama Pada Mondal OPENING A HEALTH INSURANCE POLICY FROM LIFE INSURANCE CORPORATION OF INDIA. I COMPLAIN TO YOU, AGAINST L.I.C. DHANBAD BRANCH—IV (BRANCH MANAGER)

1 .NAME OF THE COMPLAINANT :[protected]SHYAMA PADA MANDAL & SUMA MANDAL RAY


2. ADDRESS OF THE COMPLAINANT :[protected]MAHUDA COAL WASHERY

POST:--MOHUDA

DIST:--DHANBAD
STATE:--(JHARKHAND)


3. E-MAIL/ TELEPHONE/ FAX :[protected][protected]@gmail.com

[protected]@gmail.com
T.NO:--[protected]



4. WHETHER INDIVIDUAL/COMPANY :---


(a) INDIVIDUAL :[protected]YES.

(b) COMPANY /OEHER ENTITIES :- X


5 .NAME OF THE INSURANCE COMPANY :[protected][protected]LIFE INSURANCE CORPORATION -

- OF INDIA.

6. ADDRESS OF THE SERVICING OFFICE /

BRANCH WITH OFFICE CODE(IF AVAILABLE) :[protected]DHANBAD BRANCH-IV

NEAR HOWRAH MOTORS

JORA PHATAK ROAD,

DHANBAD.-826001


BRANCH CODE:--55A

7 (I) POLICY NUMBER / [protected][protected][protected][protected]

(II) PROPOSAL DEPOSIT NUMBER:[protected][protected]-85916

(III) PROPOSAL DEPOSIT DATE:[protected][protected][protected].

(IV) NATURE OF POLICY:[protected][protected][protected]HELTH INSURANCE

(V) PROPOSAL DEPOSIT AMOUNT :[protected][protected]Rs.22500.00

(VI) PLAN /Trm / Pterm:[protected][protected][protected]-901/21/21
.
8. NATURE OF COMPLAINT:[protected][protected][protected]NON –RECEIPT OF POLICY – -BOND.- NO :[protected]



9. CLAIM NO:[protected][protected][protected]st.




SHYAMA PADA MANDAL
&
SUMA MANDAL RAY


MOHUDA COAL WASHERY
POST:--MOHUDA—828305.
DIST:--DHANBAD (JHARKHAND)
T.NO:--[protected]

Respected sir, i have not received my 2nd installament cheque so far which was due in the month of october 2008.After serval enquires made from city branch-II, basheerabagh, hyderabad. I came to know that the cheque has been issued. But i have not received the cheque so far. so my request you to do some needfull at the earliest and release my 2nd installament cheque at the earliest with interest for the delayed period. I was unable to understand how the account payee cheque can credited into another account being an account payee cheque. Being my self policy holder, i have not received the cheque so far. But i came to know that the cheque has been enchased in andhra bank at khammam branch. i am staying in visakhapatnam. The cheque has been encashed by the unknown person. How is it possible to encash the cheque being an account payee. Sir kindly solve this problem at the earliest and issue my cheque. My policy No[protected], DOC[protected], SA 50, 000/- under table No 93-25

Hi I joined an LIC Policy (#[protected] named jeevan surabhi 25 years term with sum assured of Rs.12 Lakh. After one year I found that I am not able to continue with the huge premium to be paid as my income stopped all of a sudden. So I was forced to reduce the sum assured to Rs.2 Lakh and the subsequent premium too got reduced.Hereafter I will get the benefit for the 2 Lakh only.

Now my concern is regarding the extra money that I paid for the premiums at the first year. I asked all the concerned authorities regarding the same but none is giving me a clear reply. I am really worried about my money. Please Help.

I have taken Profit plus policy on 1st of Jan 2008 when i was in mumbai. Recently i have transfered to my native place chennai .

I am much shocked to say that Either From my Insurance agent or lic , Policy document is not reached till today to home address(which mentioned in the policy).Also, I have not received any bill for Last 1.5 years but i am paying correctly through ECS scheme .

So, I have decided that i will not pay premium until I get Policy document for my safer side .

Please kindly take necessary step

Policy NO:[protected]
Policy name : Profit Plus
Servicing branch : 881
Policy holder name : Muthu D