Life Insurance Corporation of India [LIC] — Misrepresentation of facts by LIC broker while selling LIC policy | |||
The policy was being sold after providing misleading and false information about the policy, making false claims & promises that 30% of the total premium paid will be refunded in case the policy is revoked at anytime. The insured has suffered a huge loss of approximately INR 75000 over a period of year. The insured was only 25 years old at that time who had just started earning. The policy was sold to her after exaggerating about a lot of facts about the policy. The insured has revoked the policy after paying premium 5 times. she has not any refund now. When tried contacting the broker, he completely disregarded her and refused to help her with this. he should be punished, his license should be canceled. and the insured should be compensated for the financial & emotional trauma that she has gone through . Broker's details: Name- Biswajit Biswas LOcation: Kolkata Contact: [protected] Gmail: [protected]@gmail.com Was this information helpful? | |||
Life Insurance Corporation of India [LIC] customer support has been notified about the posted complaint. | |||
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LIC Central Office, 2nd Floor, Jeevan Bima Marg, Mumbai, Maharashtra, India - 400021
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