Life Insurance Corporation of India [LIC] Complaints & Reviews

Dear sir/madam,

My name is yashovardhan milind bichu and i writing to your regarding my hard earned money which i have lost as i was unable to afford the premium of the policies which i had started few years back with lic. The details of my policies are mentioned below for your reference, currently i have more than 1 lac rupees which i have invested in lic in different policies and now i am unable to find any way to get the money back.

When i started the policies i was able to afford the premium and so i started investing, after that in 2017 i relocated to pune and since then i need all my income for my expenses and therefore i am not in a position to afford the high premiums of the policy which i had taken. I checked online and also with multiple people in lic whether i can get back the money from lic but they all said that it is not possible and i have to pay the premiums for atleast 3 years to get 30% of the premiums back which i cannot afford right now.

My request to you is, as a customer centric organization please charge some penalty for surrendering the policy and please refund the balance amount to me. The amount is more than 1 lac rupees and i am not even able to trace the exact amount from the portal. It is unfair that you keep the entire sum with you in such situation.

The covid-19 situation will have a further impact on my earnings and i am therefore requesting you to help me in this regard. Please help to cancel the below policies and also to process the refund for the balance amount. I request you to look at this request emphatically and help with a solution accordingly.

I have sent an email to lic on 1st april but there is no acknowledgment or response from their side for the same.

Policy number policy name current status
[protected] the endowent assurance policy (Plan -14) reduced paid up
[protected] the endowent assurance policy (Plan -14) reduced paid up
[protected] the endowent assurance policy (Plan -14) reduced paid up
[protected] the endowent assurance policy (Plan -14) reduced paid up
[protected] the endowent assurance policy (Plan -14) reduced paid up
[protected] new jeevan anand (Plan - 815) lapsed without surrender value
[protected] new jeevan anand (Plan - 815) lapsed without surrender value
[protected] new money back plan - 20 years (Plan - 820) lapsed without surrender value
[protected] new money back plan - 20 years (Plan - 820) lapsed without surrender value

I paid my premium of policy no[protected] &[protected] Rs 2340.58 by UPi I payments through phone pay on dated 30th April 2020. Amount debited from my account and showing transaction successful but I don't received any receipt.Transaction copy is-HDF05CAF4FEC6664C9FB90FAC811BCD4EFE. Pls solve my problem.

I have lic policy no[protected].
I have payment 14808.00 on date 31/3/2020 through debit card. But once again payment on 21/4/2020 auto pay 14808.00
Please return 14808.

I tried updating profile from portal but it seems gender dropdown is disabled.
Please sort out this issue.

I made premium renewal payment of Rs.3840/- on policy no.[protected]. The payment was successful. But I did not get the receipt and the portal is showing that there has been no transaction as on 30.04.2020. Kindly attend to it.

Find attachment below regarding not getting premium receipt.

Lic of india
lolicy number:[protected]

name:- sumitra kundu

submit a successful payment screenshot photo regarding above policyholders on 27/04/20.

Till date not getting the premium receipt from lici

Sir,

This is is reference to the complaint made on 20th march 2020. I, sri abhijit mandal, policy no:[protected], bongaon branch am suffering from kidney disease since last 5-6 years.

I am in urgent need of money for treatment again so i needed to surrender my policy. I surrendered the policy on 4th march 2020 at bongaon branch but branch & divisional office is delaying the process.

I urgently need to surrender the policy to continue treatment. I am in critical need of money and due to lockdown, my financial situation is very unstable. I desperately need money to continue my treatment. I hope you will take necessary action with priority.

Thanking you,
Abhijit mandal
[protected]

Sir my wife ki Lic user id ya Lic account ([protected]@gmail.com ya [protected]) ko delete ya deregister Karne ki kripa kare my wife's name - Rameshwari Devi Jat Hai my wife's lic policy number[protected] Hai

I have paid the renewal premium on[protected]...but could not get the receipt..nor the payment is updated.. kindly do needful

Please Rameshwari Devi Jat ki Lic user id ( [protected]@gmail.com ya-[protected] ) ko delete ya deregister Karne ki kripa kare. Rameshwari Devi Jat ki Lic policy number[protected] Hai.

Our lic policy had matured on october 2 019 and a person named mr. Amit kumar (Claimed he works in lic accounts dept[protected], assisted by mr. Aniket saxena[protected] had contacted us saying there is a bonus on the matured lic and to avail that we need to purchase a policy from oxxy since the bonus disbursement could be done if the policy is bought. When i asked how isnt lic informing me about the same officially, they made an excuse that they were trying to help us out, when we purchased the first policy on 30th jan, 2020 of premium rs. 35, 400. He asked to mail him he emil received from oxxy, the bank statement, and payment reference number for proofs/

Post mailing him the proofs of of payment via email, he told that the bonus amount is more and thus we had to purchase one more policy on 20th feb, 2020 of premium rs. 58, 999

After buying the 2nd policy, mr. Amit kumar informed that the company has cleared the bonus but there is an issue with rbi and irdai and for that one more policy has to be purchased. Since i was having a doubt, i asked to send his id prooof of lic, he ignored by saying it is against the policy t&c. They also said that it had be done in the fy itself as the books will be closed and the pending bonus issues have to be resolved, and so the third policy was purchased 31st mar 2020 of premium rs. 35, 400.

Both of them are not reverting to the calls and emails. We were tricked into buying these policies and do not want to continue.

Please refer my annuity no 081q[protected]. I have not received my quarterly payment which is due on 16 april 2020. I have been receiving these payments four times a year namely 16 april, 16 july, 16 october and 16 january every year. But now on april 16, 2020 i have not received my payment.

Please make the payment through ecs immediately.

Please revert
Regards
Kailasan mobile no [protected]

Sir my insurance policy no.[protected] and i was paying my policy premium online through upi but the policy premium bill / receipt is not generated and money is also deducted from my sbi account no.[protected] and lic premium no. holding the name of sima shukla on account list.

Payment of premium through Debit card not being done. OTP getting but afterwards pbe 10002 appears.

I paid a premium of Rs 325 of premium number[protected] on date 21/04/20.
amount is deducted from my account but premium payment status is still showing it as dues.

I have paid online payment of rs 9351/- through net banking od state bank of india. But, i couldn't get the bonus from your side.

Date of payment - 12 apr 2020
Primium amount - 9351/-
Policy no[protected]
Please kindly check and the status of my lic bonus at my e-mail or phone no.
E-mail - rahul. [protected]@gmail.com
Phone no - [protected]

Warm regards
Rahangdale vijay kumar

I have not received money receipt which I had paid online of rs 809

Today I am trying to pay online premium of policy No.[protected] whose payment ID ' SHMP[protected]' but transaction failed.
So how to make payment online.

LIC Of India P&GS Dept Vile Parle Mumbai

Dear Sir,
My annuity is pending since nov 2019. No response to my several emails and also a mail forwarded to you for action from Customerzone Mumbai on this issue.
Request to immediately arrange to pay my annuity .

Best regards
ADAPA Rama Govinda Rao
Tel: [protected]
Email: [protected]@yahoo.com

My current address:
C/O...