Life Insurance Corporation of India [LIC] Complaints & Reviews

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...

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.

I have a housin loan from LICHFL , Faridabad branch .My approved loan amount was Rs.1600000/-.LICHFL have disbursed an amount of RS.388000/- to the Builder for the upcoming flat.Iam paying an EMI of RS.17952/- /Already paid 12 nos. of EMIs. Dur to the delay in construction work, the builder have alloted me another flat(with same specfications) in constuction progressing tower. Because of this I have applied to LICHFL for changing my loan as per the new allotment. I have applied two months ago, but LICHFL have not yet approvd my application, they delaying in approval , so that I will be forced to pay the delay in payment to the construction company. I have already submitted all the documents as per the LICHFL requirement, so I want a very fast action in this regards..

My file no is – 510040.

This is Lalit Kumar from World Health Organization. I applied for a Home loan from Ghaziabad, UP Branch. I have a plot in Gurgaon.
I want to construct house on that plot so I applied for a Home Loan with LIC Housing in Aug 09. I completed all the formalities with the branch and deposited all necessary documents of property in Aug 09.

The problem was that I had a pending car loan. But my agent told me that he will provide the money without NOC of car loan. So I started the construction of basement in Oct 09. After one month, he told me that cheque will be provided only when I submit the NOC and please note after one month he told me this. So I arrange the remaining money of car loan and close the car loan in Oct 09. I fax the receipt of car loan to agent. Up to this point almost 90% work of basement has completed. Now I do not have enough money to start the work and agent told me that cheque will take some more time. It is almost 2 and half month and I have not got the cheque.

In the mean time I have given him the estimate of home construction and receipt of car loan. But still I have not got any cheque. Every time I called him, he told me that I will get the cheque in 1 or 2 day, but the condition is same. Now the situation is I have no money. I’m just fed up with agent. He never provides me the correct information about the loan so that I can plan accordingly. Now I am stuck. I have no way out. At this time, he still not sure about cheque. Even he has not provide the correct document and information to valuation department so they have to call me for the valuation report to know the exact details about the property and I have to explain them the whole case.

I tried to call the branch manager but every time her phone was switched off.

It’s almost more than 2 and half month. Please take necessary action regarding this. I’m now in so much trouble and if situation will be like this then probably I’ll not recommend LIC for Home Loan to any other person. So I request to take the necessary action asap.

my name is sarvapriya bansal my lic policy no. is 60174193 at patna branch no. 2 (513) plz help me for pay my maturity payment. thanks

DEAR SIR,

REGARDING NOT RECEIPT OF YEARLY PREMIUM RECEIPT AGAINST POLICY NO.[protected]F MONTOSH NANDY.

I AM AN AGENT OF LICI AND MY CODE IS 0062244C OF DOOM DOOMA BRANCH.

I BEG TO INFORM YOU THAT I HAVE SOLD ONE POLICY BEARING T/T 14/6 TO SRI MONTOSH NANDY IN THE YEAR 2007 AS ADVANCE PREMIUM ALONG WITH 1ST YEAR PREMIUM ON YEARLY BASIS OF TOTAL RS. 57132/-.

BUT REGRET TO LET YOU...