[Resolved]  Life Insurance Corporation of India [LIC] — Lic india reducing the sum assured

Address:641016

See this was the fact every agent its forced to increase the sum assured amount. first 3 years they follow up contentiously because of they want commission (first year 25 %, second & third year 7.5 %) after that every year based on your term they can get 5 % every premium. so before applying the policy thing any way most of the people they don't know what happens in the back end. this is the real fact. if you are going to surrender the policy they said after 3 year only its possible (this is the story begin ed). my advice please give them request letter to reduced the sum assured then complaint the particular LIC agent. Don't Wast your money spent that amount to your people.
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Aug 1, 2016
Complaint marked as Resolved 
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