Life Insurance Corporation of India [LIC] Complaints & Reviews

Very imp document has been sent from LIC of INDIA (Bandra) to Thane (W)

this docuemnt has been send agist My father Name : MR Ramesh Sawant

As per LIC of india informed they have sent document from speed post on 23rd nov 2009 but still we have not received

Speed post docket no : EM[protected]IN

still we have not received any confiramtion , the document is very IMP

pls hleo to track the same

thanks ....

Dear Sir/Madam

I am Aruna from Hyderabad, my dad (Mr V Raghupathi Naik) has applied a Renovation loan nearly 2 months ago i.e., on October first week, file No is 108849, i received sanction letter on November first week 2009, as we have a home loan in south Indian bank, the closing amt of south Indian bank is sum 2,60,000, so the agent of LIC his name Mr Madhukar Reddy (Mob no.[protected]) said that part payment will be realeased prior and after we get the property papers and submit in LIC then we will get the balance amt, so first cheque released on nov 7th 09 and we got the papers and submitted in LIC on 13th nov 09, he said the balance amt will be released within 4-5days but its almost 20 days now i have not yet received my loan balance amount cheque. The agent Mr Madhukar Reddy postponing the dates and we called to the head office at ameerpet they are saying they have sum systems online problems which i wouldn’t understand their problem what they are saying. My dad really in trouble and in bad time only due to LIC 's bad processing and idling in procedures...

kindly requesting give a good response and action at earliest..

regards
V Aruna
[protected]

I have a lic policy no[protected] from LIC VIDISHA BR.This policy is salary saving policy and monthly premium regulary deducted from my salary, there is no default in policy.
I have received the survival benefit after deducting four monthly prem instalment Rs1404.00.as on 14.11.2009.I have wrote many times to BM and requesting on the phone but branch not responded.I request you please return this amount with interest unless i will go to consumer forum.

dear sir,
our falimy had invest few amount on LIC market plus as we like to know the current status of our policy as our policy number were[protected],[protected],[protected] and the last one is[protected]. please sent the detail in my mail.
thank u

Dear Sir/Medam,

I am Miss Chandra N.Patel I have lic endowment policy table 14/16to25 i have paid six premium as from March 28 2004 to March 28 2009. But now i want to discontinue this policy and switch to lic Money Back Policy.

Is this possible? please advise.

Yours sincerely,

C.N.Patel

Indian Consumer Complaints Forum

I am been cheated by my LIC agent. My last premium payment date was May 2009, when I gave Rs. 10000/- to my agent assuming him trust worthy. But he cheated me by not paying my premium and my policy lapsed. I requested him a lot of time to pay my premium and revive my policy but there is no response from him.

Kindly Help

Thanking you

Your's faithfully,br...

PLEASE FURNISH THE COMPLETE PICTURE OF MY INVESTMENT IN THIS PLAN AND ALSO HELP ME TO KNOW SOURCE TO CHECK THE STATUS

Dear Sir,

I am holder of LIC Policy no[protected], Money Back Policy. Yet I have not recieved Rs20000/ from LIC , which was due from July 2004.

Contacted LIC Office at Ambernath and Boisar, Thane Diostrict Maharastra . I am told it has been paid, but till date I have not receied it. I request your assistance for my dues with interest.

I am availabe at [protected].


With Kind Regards


V K Sharma

SIR,
I WAS LIC AGENT AT KAKINADA 533001 BR CODE 674 AND DID THE AGENCY FOR 28 YRS, AS PER LIC NORMS I AM ELIGIBLE FOR GRATUITY PAYMENT BUT TILL DATE NO ACTION HAS BEEN TAKEN, I AM SENIOR CITIZEN AGED 72 YRS.AND UNABLE TO COTINUE MY AGENCY FURTHER SO PLEASE TAKE NECESSARY ACTION FOR PAYMENT OF GRATUITY DUE TO ME.

KALEY VEERRAJU
CODE 1425-674
LICENCE NO G44591
DNO 10-135
VEERABHADRAPURAM
TALLAREVU-533463
CELL : [protected]
LAND [protected]

Applied Loan vide application no.440400 in the name of Shalini Bhatia W/o. Puneet Bhatia against Property on September 22, 2009 and assured by the LIC officials that you will get your loan within 21 days but till date waiting for my loan. Each and every required paper had been submitted. Earlier had taken loan from HDFC Bank, no problem from them. Sorry to state from LIC Housing, we had a very bad exprience, every week they demand one paper and still there is no response. Kindly return my prosessing fees amount taken.

My Name is Mr. Vinod Dalvi & I had got sanction of housing loan from LICHF for Raheja Reflections project in Kandivali (East).This sanction letter was received by me on 3-Oct 2009.Immediately after that I am following up with LHF office in Jogeshwari ( East) for disbursement of loan asked by builder.

All documents are being already submitted to LIC since last 2 months since that & their official also inform me that all documents are ok however I have still not received disbursement for the same.

My application no. is 207827.

I do not except such a big delay from LICHF otherwise I would have gone with other institutions which are able to close the process in flat 2 weeks.

Request you to please look into the matter immediately as otherwise builder will levy interest on me.

Dear Sir,
I was the Lic agent of Branch Unit -115, connaught Circus under Del Div-1, My agent code no is[protected], D.O code[protected],
I have not received the renuwal com from Dec 2004 to Nov 2005, I have written so many letters to BM, there is no respond, wht i will do ?

NON RECEIPT OF MATURITY PAYMENT OF POLICIES
My following two policies were matured in the month of March and June 2009.
POLICY No 26203973
POLICY No 26251123
Accordingly claim form duly filled in alongwith original policy bond were sent to Hardwar Office in the month of March 2009 and June 2009.
But despite of letters, telephonic contacts, i have not received the payment of these policies so far.
Mr Saxena, Branch Manager and Mr Sharma, the concerning officer were also contacted by me but to no avail. Even Mr Sharma told me" hame aur bhi bahut se kam hai so dekhenge". Not only this he also spoken loudly," Aap jore se nahi bolenge, dekhta hoo aapko kaise payment milta hai"
now I have left no alternate but to approach you.
I hope you will take up the matter with LIC Of India, Hardwar BO I and help me in getting the payment.
Thanks
K K Seth, Sr Manager, Central Bank Of India
Court Area, Saharanpur
[Complaint comments]

My mother had taken a pension policy no[protected]principle investment of Rs 99000) from LIC in 2002 and was assured a pension of over Rs 700/month, post 2 years of investment. The pension started 10 months late and with an amount of approx 375. My mother decided to surrender the policy in[protected] but was rejected by LIC, however due to her age and health; we reapproached LIC in 2009 and were assured surrender with a Surrender Value of Rs 108000 confirmed by Ms Chandrakumari of LIC. At a later date LIC unilaterally changed the Surrender Value to Rs 74547 and has not given clarifications as required.

LIC has taken back the Original Policy Papers and has also stopped the pension amount.

I have written to the Chairman of LIC India many times, but there is no response.

Pls advice.

Myself Rashmi Borkar have applied for home loan from LIC HFL in Oct 2009 for Rs 30,00,000. I have received sanction letter from LIC on 31st Oct 2009. File No 409035.
I wanted certain clarification on the letter hence I visited LIC HFL Thane (W) office on 7th November 2009. Howvere I was suprised to know that the asst manager whom I was interacting was not aware of any matter mentioned in the sanction letter. She asked me to write a letter and then they would revert.

I wrote a letter on 9th November and submitted to LIC HFL thane office. Following queries were mentioned in the letter

1. Clause 7 : Balance upfront fee of Rs 24000/- is mentioned in the letter.
LIC executive Mr Subhash informed us that processing fee is just Rs. 6000/- Later on he changed his stand that for you the processing fee will be 0.5%. However what is mentioned in the letter is 1% processing fee . i.e Rs 6000/- which is already paid and Rs 24000/- Balance to be paid.


2. Clause 8 and 9 : Commitment fees and secrity fees mentioned are not elaborated in the letter at all. I would like to know what this means.
Letter state Commitment fees : As applicable from time to time
Security fees : As may be decided by LICHFL at its sole discretion.

3. Fees on prepayment : 2% of the loan amount was mentioned in the letter.

LIC executive Mr Subhash informed us that there is no charges for prepayment . Later when I question him about the clause mentioned in the letter he told that there are no pre payment penalty for first six months after disbursement. Howevr no such thing is mentined in the sanction letter.
When I asked Ms Smita she said penalty is applicable as mentioned in the letter.

4. Rate of interest : I have applied for Fixed + floating scheme in which the fixed rate of interet was 8.9%. However Floating rate of interest applicable after 3 years was not mention. I would like to the the Floating rate of interest after 3 years with respect to LHPLR prevailing then.

i.e LHPLR minus ________ bps??

This is mentioned in all banks sanction letter but not in LIC HFL letter.

Till 21st November 21, 2009 I didn’t get any reply from LIC HFL. I tries to contact the Manager but his mobile no was never available.

Such kind of replies and ignorance on the company polices and terms from LIC HFL employees has baffled me. I am not able to understand how can a government organization function with such kind of employees . The sales executives mis led the customers and even the managers are not responsive enough to address customer queries in time.

PLEASE ARRANGE TO SEND ME STATEMENT OF ACCOUNT AND PRESENT NAV. I REGRET EVEN AFTER 3 YEARS OF INVESTMENT I AM YET TO RECEIVE STATEMENT OF ACCOUNT. DURING LAUNCHING OF THE SCHEME THERE WAS GOOD RESPONSE FROM LIC AND ITS AGENTS BUT NOW THE THING IS ENTIRELY DIFFERENT AND WE HAVE BEEN KEPT IN DARK. PLEASE DO THE NEEDFUL. PLEASE ALSO ADVISE ME WHETHER I CAN PAY FURTHER INSTALLMENTS OF RS.20,000 PER ANNUM. AS OF NOW I HAVE LOST NEARLY MORE THAN RS.8,000/ BECAUSE OF MARKET CONDITIONS AND MY POLICY IS GROWTH ORIENTED.

MOB. [protected]

policy no[protected] in my name anil nakra, cheque is ready but not dispatched for last 7 days , persone baised to agent , not dispatching at alwar rajasthan branch

To
The Regional Manager , CRM
18.11.2009
Life Insurance Corporation Of India
Kolkata. Re:
Non payment on maturity

Policy No,[protected]

K S D O Salt Lake Br.
Dear Sir,

This is to bring to your notice that I am a Policy holder of LIC
Policy No.[protected] due for payment on maturity ,date 28.09.2009.
As per your long standing practice a reminder letter along
with a Form is
sent to the policy holder to complete the maturity proceedings,
which I have not
received till date.
I approached to your agent Sri Sambhu Das, Agent code --- 00869413
DO Code --- 0004. who in turn collected a Form from your office and
after filling
it up properly, he submitted the Form along with the Original Policy
Certificate to
the Salt Lake Office on 13.10.09 and confirmed me of the payment, as per my
option given on the application form, within 15 days.
After waiting for about a month, I contacted the Br.Manager
on 13.11.09 to
know the reason of such delay, who could not reply readily and asked
me to call
again. I again called her on 17.11.09 but to no avail. On my call on
18.11.09 she
told that, she could not trace out my application and asked me to
give her a photo
copy of the Receipt of receiving the application.Which I strongly refused.

As I am in urgent need of the money for my DAUGHTER'S MARRIAGE , I
expect your immediate intervention in to the matter to resolve my grievances
and solve the problem to keep up the name of your organisation.

Thanking you in anticipation.

Yours sincerely,
Shyamakanta Banerjee
6/2, Gope Lane,
Kolkata[protected]

my policy no is[protected], a cheque no 040140 dated 02.05.2008 received by me but due to late deposit in bank the cheque returned to me, and same I have sent to LIC Auraiya just after one month but after severl time talking on phone and written latter no action taken so far by auraiya branch.the amount of cheque is Rs 15000.00

There is one big cheating game happening in the company of cheating new home loan customers by giving loan at 8.5-8.75 rate; immediately increasing by 150 bps after 3 monthly installment been paid.

My sanction letter specified rate of interest @ 8.5%. But it is increased to 10%. This is been informed to me by their agent that this is the policy of the company to increase the rates after 3 months of installment paid.

The company gives the lower rate only lure customers to take the loan from them; are subsequently been cheated by increasing the rate; when there is no sign of increase in rates in Indian Economy.