Life Insurance Corporation of India [LIC] — Late payment of surrender value under ulip plan endowment plus

Address:

411009

I had surrendered my ulip policy no.[protected] on 28/06/2016 at 12.22 pm. The said policy was issued in the name of falguni bharat shah from pune d o ii br. - 95l on 21/10/2010. The single premium paid was rs.40, 000/-. I received the amount of surrender value rs.58, 080/- by neft on 05/07/2016 at 5.54 pm. As per lic guidelines the surrender value o[censored]lip policy must be payable within 3-4 working days. A person surrenders the ulip policy when he was very much in need of fund. A ulip policy is purchased for its flexibility feature. I must be compensated for the said delay.