L.I.C. of India
REFUSE TO REIMBURSE EXPENSES DUE TO LIC'S MISTAKE

I AM HOLDING 5 LIC POLICIES NUMBERED 892854414 TO 18, ISSUED AND ADMINISTERED BY BRANCH NO. 89 - C, BORIVALI (W), MUMBAI 400 092.I HAD APPLIED FOR CHANGE IN BANK ECS MANDATE FROM ICICI BANK TO HDFC BANK FOR PREMIUM PAYMENT ON MY ABOVE 5 POLICIES . LIC AGREED TO MY REQUEST AND WROTE ME ON 17.02.2009 CONFIRMING THE NEW BANK NAME, BRANCH A/C NUMBER, BANK MICR CODE AND OTHER DETAILS. THEY ADVISED ME TO PAY MARCH PREMIUM FROM OLD BANK A/C WHICH I COMPLIED WITH. THEREAFTER I HAD REDUCED THE USE OF MY ICICI BANK A/C AND I WAS NOT KEEPING LARGE BALANCE IN THAT BANK A/C IN MARCH, THEY MADE ERROR AND SENT ECS COLLECTION INSTRUCTION TO MY OLD AND DORMANT ICICI BANK A/C WHERE SUFFICIENT BALANCE WAS NOT AVAILABLE, WHEREAS I WAS READY WITH SUFFICIENT AMOUNT IN HDFC BANK TO HONOUR MY PREMIUM PAYMENT LIABILITY. DUE TO INSUFFICIENT BALANCE, TWO ECS INSTRUCTIONS FAILED AND ICICI BANK SLAPPED A FINE OF Rs. 276 276=552.

I HAD LOT OF CORRESPONDANCE WITH LIC BRANCH, LIC OMBUDSMAN AND IRDA OFFICE, BUT LIC IS REFUSING TO REIMBURSE ME THE ABOVE LOSS WHICH OCCURED TO ME FOR NO FAULT OF MINE.

I HAVE KEPT ALL THE DOCUMENTS TO SUPPORT TO SUPPORT MY CLAIM.

LIC BRANCH NO. 89-C, BORIVALI (W), MUMBAI 400 092 IS LIABLE TO REIMBURSE ME THE ABOVE LOSS PLUS OTHER EXPENSES I INCURRED TO REDRESS MY GRIEVANCE.

APPLICANT: MR. TEJAS PRAFULCHANDRA SHAH

CONTACT : (R) 022-2898 4951 (M) 9930831223

E-MAIL ID: tejask6v@yahoo.com / tejask6v@rediffmail.com / pcs1950@rediffmail.com

Company: L.I.C. of India
Country: India
State: Maharashtra
City: Mumbai City

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