Life Insurance Corporation of India [LIC] — life insurance policy_rahul ohal

Address:	Pune, Maharashtra, 411047
Website:	www.licindia.in

While taking policy, the insurance advisor never explained or informed regarding surrender value if in case i have to close the policy due to financial needs. And now when am in need, the advisor informed that my own contribution till now is rs 155000 and bonus accumulated till date is rs 100000 and disclosed now that if i want to surrender/close the policy due to any reason i would not even get the fund value of my own contribution. It would reduced to some[protected].

Hence disputed the same with advisor and told him that i should at least get my own contribution if iu want to close the policy. Am not asking about the bonus.

And if at all there are some charges for policy closure, they should deduct from bonus value not from customers own contribution.

Now he is asking to read the terms and condition and tells me that nothing will happen even if i got to consumer forum.

I really feel trapped and cheated as i would not get my money when i need it.

The advisor will anyways get his commission.
Feedl bad now. A very unfortunate decision by me opting for lic

Need help, please help me to get my money back.
There should be provision made in lic for such customers.