Life Insurance Corporation of India [LIC] — cheating by lic of india marketing managers

Address:

Dakshina Kannada, Karnataka

Uae. Unfortunately i made a mistake to invest in the lic policies based on the recommendation of corporation bank of india. The sale of these policies are done by lic is based on the misrepresentation of policy terms and commitments given by your lic marketing managers (Mr. Zia, mr. Devappa naik and mr. Vijay kumar shetty) in presence of the corporation bank manager, ashoknagar branch, mangalore dk, who is the agent and mediator for all these lic policies. All of your managers clearly said that, since the funding is done from the nre account, the pension annuity will not be attracting any income tax, and the amount will be remitted back to the nre sb account. Also, no where the requirement of obtaining the residency certification from the country of residence is mentioned by any of your managers till the third week of september 2018, which is after about 1 and half years from the date of purchasing the first policy. On maturity of annuity, i understood that i have been cheated by all of the above lic managers, because of which the annuity from these policies is attracting the incometax, even though i am a nri. They were aware of the requirements, but presented wrongly so that i will invest a very big amount. I have attached the full details of this complaint in a separate sheet, i sent to lic of india, datewise. Lic divisional head is taking the side of these culprits to protect their employees, causing problem for me. All these policies are purchased against bank loan in corporation bank and bank of india, against my nre fds, as per the advice of these managers, caused me additional loss of about 1, 15, 000 rupees. Please provide justice for my financial losses and mental pressure.
So, request you to kindly to look in to the problems caused to me and resolve the issue.