Life Insurance Corporation of India [LIC] Complaints & Reviews

Today i.e.9/12/08, I have paid the premium of rs 824.00 online through www.licindia.com for my policy no[protected], but after making payment when I checked policy status, it was not showing the payment of premium, premium reciept was also not generated, while my online icici bank account was showing the deduction of Rs 824.00 i.e. has been debited by Rs 824.00.
Below is my transaction details:-
Bima kiran policy no[protected], premium amt Rs 824.00, transaction dt. 9/12/08 through icici bank A/C no[protected] online.
You are requested to please take the immediate action.
Thanks & Best Regards

naveen pathak
Mob No [protected]

I make online payments of my life insurance policies, mainly because I stay away from any LIC office and online payments are convenient to me. I have made online payment of Rs. 3666.00 from my saving bank of SBH on 1.10.08 as soon as I git a reminder from them. I have also registered for scheduled payment on 3.12.08 by auto payment by the same bank. Both were sent to them and although I have registered two complaints with LIC, they are not responding, which is really astonishing

To,
Chairmen
LIC Houshing Finance Ltd.

Sub: File no-39218. Housing loan at Lajpat Nagar Branch. Misbehaviour from agent.

Dear Sir,

With profound grief I would like to bring to your notice the harassment that we have gone thorugh. We have done investment in Raheja Atharwa and our loan has been granted conditinal sanction (since ceratin documents are pending )

Our Loan was sanctioned thru agent Ms.USHA NASEEM KHAN in Feb '08 with 50% processing fee waiver with intt. rate of 10.25% & no pre-payment penalty. Since no disbursement has been made till nov '08 we were asked to get sanction reprocessed by Agent Ms.USHA NASEEM KHAN. We were given assurance by her that on payment of Rs . 5618/- and stamping charges of Rs 1500/- (in cash), our loan will be reprocessed. All papers were submitted to her by us.
Agent asked us to get Life insurance cover with Rs 5000/- premium per month, on denying life insurance, She has stopped taking any calls from us. She has original signed papers from us (including certain stamp papers).
On continuous chasing for one week, her husband responded saying that Our laon can be processed only when we submit Rs 17000/- as processing fee . They also stated that they have other important clients to handle with bigger amounts of loan & insurances and they can't waste their time on us .

We requested them to submit our original documents to Lajpat Nagar Branch, response to same is also not positive.

This kind of behavoiur is totally unacceptable, after investing so much of time & money over this agent, we find ourselves cheated & insulted. We have to start re-processing of our loan all over again.
Who will be responsible in case any penalty is levied by builder if our loan is not ready for disbursment in due time.

After such awful experince, we have decided not to have any sort of relationship with LIC in future.

I demand strict action should be taken against such Agents who spoil country's leading institutions reputation.

Sub:- Regarding lost my PAN Card

Sir/ Madam,
With due to respect I paramjit Singh S/O S. Bachan Singh H.No 66 Jawala nagar
( Maqsudan ) Jalandhar inform you that my PAN No is AMTPS 8301 H, is lost on dated 20-10-08 at jalandhar Market .Please re issue me a new PAN card .
Thanking you.

With regards

Paramjit Singh
LIC agent
Branch No 141
Unit No 1
Code No 4830-141
Bank Account No SB[protected]
Rampa Tower
Jalandhar

DEAR SIR,

PLESE SEND THE STATUS OF MY POLICY NO[protected] DATED 30/12/2006.

BEST REGARDS

NAMIT JAIN

Dear sir,
sub;jeevan suraksha policy no[protected] dated 25.11.1998 reg.
My above policy matured on 25/12/2006 and pension was due to me w.e.f.25/11/2007.But, till date in spite of several reminders and personal folow up with lic office at cant branch, lucknow, CRM Office lucknow and even JD/JA Cell at kanpur, I could not get my pension cheques.Now I am very much annoyed with lic office system.So I am not interested in taking pension now .Thus kindly help me to get surrender value of my policy at earliest.
thanking you,
Amarnath singh, A 872, Sector- I, LDA Colony, Kanpur Road, Lucknow. contact no; 91 [protected]

Dear Sir:

This is with reference to my payment of Rs. 25319/- for the LIC policy number[protected] paid on 28th November 2008 through our website www.licindia.in using my citi bank account. But here my problem is till now it is not updated in site and I didn't get any any receipts as of now. But amount is deducted from my citibank account. Please check with this ASAP and let me the updates.

Here I am giving transaction details.
SUBJECT: ONUS 28NOV1150 Card no.: 5081XXX0XXXX5808 28N OV BILL DESK - LIC PA Ref:[protected].00




Sincerely,
Subba Reddy M.V.

dear sir
i hav misplaced my 1st lic premium receipt, my lic no is[protected] .pl. send my duplicate receipt by mail to my id.
thanks

I got a house in Greater Noida BHS09 Scheme draw. LIC Officer: Rajiv Gupta approached me for Loan. I applied the loan for amount of 20 Lacs @ 10.75 interest rate. I visited LIC Office on KG Marg, N Delhi and during the meeting after seeing my papers the manager: Mr. Alok assured me the loan of 20 Lacs. I gave them the PDC cheque of amount 5600/- and they told me it would be debited only after approval of loan. Just two days before the last day of submitting amount in Gr. Noida, ie 19-07-08, I got a call from LIC that they approved loan of just 16 Lacs. I told them it will not solve the purpose as cost of house is 36 Lacs as they promised me for 20 Lacs. And meanwhile I got a loan from SBI for amount of 20 Lacs with the same set of papers, I submitted to LIC. So I refused the loan to LIC. Without informing me they debited my cheque for Rs. 5600/- for service charges. They misguided me for a month on phone and then I approached the same office for return of charges and also submitted application along with SBI approval Letter as a proof and after many calls to them they told it will not be returned. LIC is doing fraud as they never told me that loan cannot be approved for required the amount (20 Lacs) and approved the amount (16 Lacs) which was not solving my purpose. Please suggest what I should do. I am having stamped receipt of application which I submitted to LIC for return of money.

I AM A CREDIT CARD HOLDER OF YOUR BANK AND MY CREDIT CARD NO IS [protected].IAM REGULARLY MAKING THE PAYMENT AS AND WHEN I RECEIVE THE STATEMENT.BUT I HAVE NOT RECEIVED THE MONTHLY STATEMENT DATED SEPTEMBER 17 2008 AND FOR WHICH A LATE PAYMENT FEE OF RS.500 IS CHARGED IN THE NEXT MONTHLY STATEMENT.EVEN I SPOKE OVER PHONE TO YOUR OFFICIAL AND SENT THE CHEQUE AFTER CONFIRMING THE DUE AMOUNT.I DID NOT RECEIVE THE DUPLICATE STATEMENT ALSO AS PROMISED BY YOUR OFFICIAL.LAST MONTH I SENT ONE E MAIL TO [protected]@barclays.com and [protected]@barclays.com on 25th october 2008.BUT THERE IS NO REPLY.AGAIN IN THE LATEST STATEMENT RECEIVED YESTERDAY THE PROBLEM WAS NOT RECTIFIED.KINDLY LOOK INTO TE MATTER IMMEDIATELY AND GIVE CREDIT OF LATE PAYMENT FEE WHICH IS NOT AT ALL PAYABLE AS THERE IS NO FAULT OF MINE.IF MY REQUEST IS NOT ADHERED TO I HAVE NO OTHER OPTION EXCEPT TO CUT THE CARD AND SEND IT BACK TO YOU.I NEED YOUR REPLY IMMEDIATELY.
K.RAVINARAYANAN
MANAGER(MI)
LIC OF INDIA
CHENNAI DO II CHENNAI 40

I had written on line to transfer my policy from branch 868 (Vapi) to 893 (mumbai) and it was transffered on 27/11/2008.Unfortunatly I had forgotten to mention my other policy no. which is[protected] which also had to be transferred from 868(Vapi) branch to 893(Mumbai). I have shifted my residence to Mumbai some Ten years back and have no more connection in Vapi. Please do the needful. Thanking you.
Regards,
Dhanraj Vithaldas Karkera

I have an account at licindia.com. I have once policy already enrolled over therer. I have enrolled one more policy[protected] on 12th Nov 2008, but still it's not listed under the "View Enrolled Policies", but it's successfulyy enrolled and I am able to see under "Enrol Policies". When I click on View Enrolled Policies link it doesnt show my above enrolled policy. I registered a complaint on the web on 18th Nov 2008, but when I tried to view the status of my complaint using link Complaint Status View the web shows "Policy Not Yet Attended" and the status is still open. I don't know when are they going to resolve the issue, but requesting to take a look asap. Thanks-Bikash

Dear Sir...

I introduce myself as an Officer at LIC of India, Zonal Office at Secretariate, Secunderabad. I have applied for your credit card on the insistance of local agents in secunderabad and was given an application no:[protected] and finally got rejected. I don't have any grievances regarding this issue as we have number of other banks offering us the credit card facilities. But the way your agents have ran after me to collect necessary documents gave the impression that you will be obliging my application. If you have any problems in giving your facilities, you need not have such foolish agents and confuse people with this kind of attitude. You have not even quoted the reason for rejecting my application which clearly shows that your system is lacking the process of proper scrutiny. Keeping in view the standing of your bank in the country, I request you to kindly desist from fooling people with such advertisements and killing their time.

sincerely yours
Nithya Hema

From:
Ashoke Sahoo
Vill-Kuikota, P.O- Midnapore
Dist –Paschim Medinipur
West Bengal - 721101
E-Mail: [protected]@yahoo.co.in

To:

Grievance Cell
LIC of India

Sub: Deley in transfer of Policy No[protected] dt 08/05/2007

Sir,

Most respectfully I beg to state that I have sent an application on 12 Jul 08 by Registered letter (RLAD A3490 dated 12.08.2008) to Branch Manager, Swaroop Nagar, Kanpur-208002 to transfer my Money Plus Policy to my Present above said address as I have taken discharge from Air Force and settled in my home town. The details of my Policy are as follows:

Policy No :[protected] Date of Commencement : 08/05/2007
Plan & term : 180 05 05 Date of Maturity : 08/05/2012
Issuing Branch : LIC of India, CBO-5, 7/111-B, Swaroop Nagar, Kanpur-2008002

After completing of 4 months, they have not transferred my policy to my new address. Consequent on this I have discontinued my premium.

In view of the above, it is requested to transfer my policy immediately to Midnapore Branch (West Bengal) code- 466, so that I can get my money back from Midnapore branch after locking period.

I will be obliged for an earliest and immediate action.


Thanking you.

Ashoke Sahoo

19 November 2008.

I am a lic agent.my address is not correct in agent locator
mobile no.and email address wrongly stated in the address.here i request to change the moble no.[protected].and the mail address
lic.[protected]@yahoo.com

I applied for a housing loan from LIC HOUSING FINANCE LIMITED for which I paid a processing fee of Rs 10113.00 on August 22, 2007 (This is the only refundable part of the processing fee as I was told while applying the loan). I planned to purchase a property in Ghaziabad and finally the deal did not went as per my expectancy. Although the loan got sanctioned (Application No. 605336) but I never availed the loan as I din't have the requirement for the same i.e. the loan amount was never disbursed.

Now I have requested for the refund of processing fee amount which was incurred when I applied for the loan. It has already been more than 8 months but I haven't received the refund amount cheque yet. When I talk to the LIC Noida (where I originally applied for the loan) Branch Manager there is no proper response regarding the same.

details of my lic policy.no.[protected]
could not get my details of lic policy bearing no.[protected]. kindly help me out. Thanks sahil.

Dear Sir,

I am not received my Money Back Payment. My Policy No. Is[protected].

Plz send me my Money Back Payment.
with regards

Vinod Uniyal

i am manjiri khanolkar from ramnagar, dombivle (e), thane mumbai, maharashtra. all lic agents are frauds. they take false cheques from their clients to show their business. MY AGENT RAJESH INDAP from lic office, ramnagar, dombivli, thane mumbai, maharashtra took a cheque of rs.1000000/- ten lakhs from me at the end of march 08 when i was not having that money. he gave me his hand written note for my bank manager to stop the payment on that cheque. thus lic shows big business on the paper at the end of every financial year when they have no business.

Non receipt of money back cheque
12.11.2008
To,
The Branch Manager,
Life Insurance Corporation of India,

Subject: Non receipt of money back cheque (Rs. 15000/-for policy no.:[protected]

My money back amount of Rs. 15000/- was due on november, 08 but I have not received it by till date. Please look into matter and release the cheque earliest
Now that i am paralyised and my wife is in need of money pls send the cheque at the earliest

Policy No. :[protected]
Plan Name : 93-25
Plan Name : Money Back Policy – 20 years
Policy Holder : Pravin .Dinkar Sawant
Address : Ec-89, 203 "B" wing, Krishna Swami, Evershine city, Vasai [East]

Kind regards,

Pravin Dinkar Sawant
Ec-89, 203 "B" wing, Krishna Swami, Evershine city, Vasai [East]
Mobile No. [protected]