Life Insurance Corporation of India [LIC] — life insurance term policy

Address:Ahmednagar, Maharashtra, 414003

I am Shreyas D Dare. I had applied for LIC Term Insurance policy in the month of August 2017 Plan code: 823.My proposal number is 2452.
I am a resident of Ahmednagar, Maharashtra (Hometown) and currently serving in HCC Ltd posted at Bhutan Project (Current residence).I had submitted all the documents required for the policy and under gone all required medical tests. I had given a cheque amounting
to my annual installment which is already encashed in the month of August 2017 of which receipt is attached herewith.
I have been continuously taking follow up from my agent about my poilcy.
In the month of September 2017, i received a query requiring additional documents. I have resubmitted my passport, salary slip, work permit of Kingdom of Bhutan and my journey tickets to India along with invoices. After
re-submitting all the documents i was informed that my policy can not
be sanctioned due to requirement of additional medical test.
In the month of December 2017 i had undergone additional required test.
But still now there is no decision on my proposal. I had again submitted all required documents, my Bhutan Bank statement, salary slips etc.
LIC is such a reputed company, it is disheartening to know that term policies usually face such problems because it is a relatively cheaper policy than other types of investment policies, which are sanctioned immediately and involve large installments.
I request this forum to pay some heed towards my issue. Many proposals like mine must be suffering.
Was this information helpful?
No (0)
Yes (0)
Life Insurance Corporation of India [LIC] customer support has been notified about the posted complaint.
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Life Insurance Corporation of India [LIC]
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    36%
    Complaints
    6212
    Pending
    0
    Resolved
    2214
    Life Insurance Corporation of India [LIC] Phone
    +91 22 2217 8600
    +91 75 5267 6254
    Life Insurance Corporation of India [LIC] Address
    LIC Central Office, 2nd Floor, Jeevan Bima Marg, Mumbai, Maharashtra, India - 400021
    View all Life Insurance Corporation of India [LIC] contact information