Life Insurance Corporation of India [LIC] Complaints & Reviews

Respected Sir

I had purchased following ULIP policy's in August 2007 at LIC Warangal branch - 68G through an agent. When I checked units allotted against these policies, I found discrepancy's in allotment. I found LIC had alloted less no. o[censored]nits at a major difference of 26%-40% againist item 2 & 3 (ref. Table). In this connection I wrote a complaint to the respctive Branch Manger on 6th October 2009, however I didn't get any reply from him.

Policy DOP Table No. Amount Units
Alloted NAV-A *NAV-P Difference
[protected] 9-Aug-07 Market plus (G) 181 90,000 7,461.475 12.0620 11.6432 3.60%
[protected] 10-Aug-07 Market plus (G) 181 25,000 1,725.232 14.4908 11.5331 25.65%
[protected] 11-Aug-07 Money plus (G) 180 90,000 6,385.543 14.0943 10.1108 39.40%

NAV-A = NAV on allotment date
*NAV-P = NAV on purchase date provided in LIC web-seite

So, Kindly arrange to advise me in how to proceed further and Is ther any possiblity of getting proper units agianist item 2&3 in above table?

Thanks & Regards

K.V.R.Prasad Sr.QS
AECOM
P.O.Box: 6650
Doha, Qatar
Mob: +[protected]

sir
aag myry pass lic ki 8 policy hai lykin bary sharm ky sath kahna par rha hai ki kuch paisa ki garurat aany ky karan mai ek mahina say gorakhpur branch ka rog chakkar lga rha hu lykin myri policy widrall nahi ho rhai hai mai aapko late kist gma karny ky chakkar mai hagaro rupees intrest dy chuka hu kya mughy aapna pymyent lyny ky liya aapky aagi gir girana parega yahi custmer ky sath aapka niyam hai lyny ka alag dyny ka alag kya ishi dam per aap company chlaty hai aag myra gi nuksan aapki wagah say huwa hai uska gimmydar koon hai karpya aspast kary

mahesh khemka
gorakhpur

I had applied for a home loan from your Thane branch on 04th June 2009 for purchase of my new flat at Bhandup. The loan was approved by LIC after repeated followup, personal visit on 25th June 2009

I have submitted all the original documents mentioned below on 05th September 2009 at your Thane branch office.
List of documents:
1. Original Agreement for Sale of flat
2. Original Registration receipt
3. Original Index No. II
4. Original payment Receipt
5. Original NOC from builder

After submitting the original documents to your officer Mr. Vinod Jaywant. I was promised the loan disbursal payment cheque with 2-3 working days. However even after continuous follow-up and reminders the disbursal cheque was not received.

On 24th September 2009 Mr Vinod Jaywant along with two of your LIC officers had visited my residence and informed me that your staff has lost all my original documents including the approval file and they are unaware how this happened. Vinod and the other officers assured me that they are doing everything possible to locate the documents but have not been able to locate the same. Now I was told that we would have to consult an advocate and find out the legal procedure for obtaining the documents. They also wanted to visit my builder’s office and discuss with him what options are available to solve this problem. I personally called my builder and took an appointment for the next day at 4pm. However your officers did not turn-up. When I contacted them they told me that it was not required and our advocate has advised to give a notice in the news paper stating the documents are lost and wait for a period of 14 days. Mr Vinod had promised me that he would be giving me a detailed report of the issue and also a written communication regarding the loss of documents. However now he has gone back on his words and says he will not do the same.

As per my discussion with their regional manager mr. Sanjay rastogi, he told me that your Area manager(mohan) and Vinod would be contacting me and giving me in writing that the documents have been lost, however again nobody from LIC has contacted me.

I am still now trying to findout how to resolve this issue.

Respected Sir,

I have invested Rs.45000/- in your above reffered policy,
in respect of such policy i want to make an assignment to the bank
by LIC personnel it has been informed to us that assignment can not be done in respect of same.

why it is not possible?

Sir,

I send following e-mail, to LIC Bhavnagar but no response till date, when contacting on phone then they informs that they passed on the natter to their authority. I request youto looki into matter and advise me at the earliest, enable me to pay the renewal premium, which was due on 06.06.2009

Thanks & Best Regards,

Janak Shah -Mob. no.[protected] Bhavnagar - Saurashtra - GUJARAT

QUOTE:

Policy No.[protected] dated 06.06.2006‏
From:
parshva shah ([protected]@hotmail.com)
Sent:
15 July 2009 14:38PM
To:
[protected]@irda.gov.in
Cc:
sdm.[protected]@licindia.com
[protected]@licindia.com
Sir,

I am having a life insurance policy from LIC of India, Jeevan Plus, sum assured is Rs. 2,50,000/-, and premium term is Rs. 2,500/- per half yearly. I am paying my all premiums within due dates till 06.12.2008, and during June, 09, I tried to pay the renewal premium thru LIC Gate way I received message to try after 30/60 days, and till 02.07.09 I tried to pay thru the LIC Gateway, but receiving the said message, hence I gone to LIC local office alongwith a cheque for Rs. 2,500/-, and LIC informs me that my Policy is fore closed on 10.02.2009, due to lack of insufficient UNITS in my Policy Accouint.

Sir, LIC has not informed me till 03.07.09, that my Policy is for closed view insufficient UNITS in my Policy account.

Sir, how I will come to know on particular date that UNITS is not sufficient, unless LIC informs me. If LIC informed me on 10.02.2009, that my Policy will foreclose if I am not paying the amount then my Policy will be closed. As per Social Justice LIC must inform to the Policy Holder before the foreclose.

Sir, I am requesting you to kindly look into the matter and advise LIC suitably and copy to me, enable to pay the renewal premium.

Thanks & Best Regards

Janak Shah,
Flat No. 304, KaPTARU flats,
B/H Gandhi Smruti, Plot No. 119,
Crescent, BHAVNAGAR 364 001

MSN Battles We pitch one stalwart against the other and give you the power. Who will you vote for? Share photos while

My policy No[protected]
Risky date[protected]
Inst.Premium-10000/-( One Premium I have given)

Dear sir
I did'nt recieved any conformation from lic market plus. I have submitted three premium.
my policy No. is[protected]
Risk date-30/03/07
Inst. premium-10000

My policy no.[protected] dated 06.06.2006, for sum assured - Rs. 2,50,000/-. I tried to pay renewal premium on 30.06.09, but failed, hence handover a cheque to LIC Office on 03.07.09, for the renewal payment, at that time LIC local office, informed that my policy was closed, due non availablity of required funds. I was not informed by LIC or their Agent that my policy will be closed if the Unit is less than required. Then I requested local LIC office and also IRDA but till date I hasd not received any message. Please look into the matter and solve the problem

Janak Shah Mob no.[protected]
Address: 304, Kalptaru Flats,
B/H Gandhi Smruti, Crescent,
Plot No. 119,
BHAVNAGAR 364 001

I BOUGHT LIC JEEVAN SARAL PLAN TABLE 165,POLICY NO[protected] WHEN I FILLED THE FARM I OPTED FOR PAYING PREMIUM FOR 10 YEARS AND THEY SHOWED ME, BY RETURN TABLE THE HANDSOME RETURN ON MY INVESTMENT BUT WHEN I GOT THE POLICY I SEE THAT PREMIUM PERIOD IS FOR 16 YEARS AND RETURN IS VERY NOMINAL THAT THEY SHOWN ME IN ITS RETURN TABLE. I AM FELLING MYSELF CHEATED BY THIS INSTITUTION AND WANT TO COMPLAINT AGAINST THIS SO THAT THEY CAN NOT CHEAT ANYONE ELSE. PLEASE CONSIDER ON MY COMPLIANT AND TAKE NECESSARY ACTION.
THANKING YOU

DILIP SINGH
PH-[protected]

1) Policy number[protected]

2)Policy number[protected]

From: V.R.Joshi
To: mm.[protected]@licindia.com ; [protected]@licindia.com ; [protected]@licindia.com
Cc: [protected]@gmail.com ; V Joshi
Sent: Monday, September 28, 2009 5:18 PM
Subject: REG:-LIC Money plus T-180


Dear Mr D.O(Ahmedabad),
My Name is Vishal J Shukla and My Policy no is[protected]
I have question on my LIC money plus(T.NO.180) Unit available.I have purchased this on 19/03/2007(dd/mm/yyyy) Installment is RS. 100000/-

Now as on date as per your NAV details on LIC web site MY unit must be as follows and your Statement on my online LIc shows deferent unit how and why? please convince us other wise this is loss business.
AS per your NAV on Web site my Unit must be follows.
date RS Installment NAV on date Unit should be
19/03/2007 1,00,000 9.42 10615.7
19/03/2008 1,00,000 10.1195 9881.9
19/03/2009 1,00,000 7.6901 13003.73
Total 3,00,000 total Unit 33501.3

But as per LIC online state ment it shows only 27834.031 MeansUnit 33501.3-Unit 27834.03=Unit 5667 was reduced or not allotted it is 20% of my actual unit this very serious.

Regards,
V.J Shukla

To
The Branch Manager
Br. 123 G1 Model town IIIrd
Delhi-7
Subject:- Non receipt of maturity amount/pension against policy No.[protected]Single premium )

Reference:- i) My application dated 22nd April 2009 (copy Enclosed)
ii) Your office letter no nil dated [protected]copy Enclosed)
iii)Your Indore office letter no PS/TR/out /27 dated 16/8/1998 (copy Enclosed)
Dear sir ,
Above policy had been transferred to your office vide Indore office letter no PS/TR/out /27 dated 16/8/1998 and Your office letter no nil dated [protected] give the acknowledgement .
It is responsibility of L.I.C. to send the maturity information and benefits to me but in spite of my two personnel visit to your branch office. no action has been incited by your office to short out my problem . your office stated that they are not having record. In this connection please reefer your office letter no nil dated 09.10.1998 “ for any letter regarding this Policy you are required to write direct to our Branch Unit No. 123 Model Town- Delhi “ now on Maturity your Branch Office saying that they are not having records & undersigned gave application along with photocopy of Policy : Your office letter no nil dated [protected]copy Enclosed)
Your Indore office letter no PS/TR/out /27 dated 16/8/1998 (copy Enclosed) on 22 .4.2009.

After this undersign against visited your office then, they are asking again these paper (on 26.7.2009).
Under signed also meet you ( Branch Manager) But you told me that it is month ending, come in Ist week.

Please also note my correspondent address : D.D. Yadav, B-180, Near Kardhani Shopping Centre, Malwia Nagar, Jaipur, (Raj.) Myself Contact No.[protected].


Kindly take action at earliest & intimate me according.

Yours Truly,

D.D. Yadav
Cell- [protected]

policy no.
[protected]
[protected]
[protected]
[protected]
[protected]
[protected]
[protected]

Sir,
I have a LIC's Moneyplus Policy . My Policy No. is[protected] Dated 13 March 2007 . My Name is RIZVI HASAN. I want to know the current status of my policy . Please give the status on my E -mail id . My e-mail id is [protected]@yahoo.co.in.