Life Insurance Corporation of India [LIC] — Excessive amount charged as part of Policy Surrender.

Address:

Mumbai City, Maharashtra, 400001

Dear sir/madam,

This is in regards to my policy surrender on 16.07.2016 at 915 branch, would like to bring you to your notice that till july 2016 i have paid rs.539000 as premium amount. On surrender i have received 187264 in my bank account. Would like to know how this amount derived and need clear bifurcation of the amount derived.

Here the amount which is still unclear is 81736

Further if you have deducted loan of amount 260000 and its interest as on april 2016 which on the higher side say 10000 still the reversible amount comes to 269000.