LIC
LIC Premium amount increased

Hi

I have taken the LIC policy # 956474295 via LIC agent from Laxmi Road Pune branch in the Dec. While paying the premium for the year 2009 as the cheque got bounced for signature mismatch I was asked to pay in cash and had transfer the money to agent since I was not in town, but the agent holded the payment causing the policy to be lapsed. I came to know about this in the year 2010 while trying to pay premium and caught the agent. Finally the matter was settled with lot of effort by paying the due amount.

Now my concern is that the yearly premium amount is increased by Rs. 2547/- but without any prior information by LIC or agent. This is a additional burden on me as I will be paying additional amount of Rs.67, 500 for remaining policy period that too without any profit or coverage limit

Kindly help and arrange to settle the matter.

Thanks

Madhu Patilkulkarni

Ph: 09538936442