LIC OF INDIA
MATURITY PAYMENT

Date:21/03

Policy No : 342711243 : GIRISH PANDIT

Sir,

I want to inform that the afore said policy was wrongly treated and considered as the “Surrender case”

Actually the forms for finalization of policy were sent to me before one year to submit the same duly filled in. I did not fill the forms, but when I received the forms second time I asked my agent about the forms. The agent suggested me to fill in the forms and mention, whether I want to opt the pension or want the full payment in one lump sum.

It is true that I opted for one lump sum but it was after the maturity period of the policy, and I opted for one lump sum, because there was column/option for one lump sum.

This was treated as the “Pre mature surrender case”, and it was treated like wise.

I did not want the Pre mature surrender case, as I was not in need of money, and I was ready to pay the premium up to the maturity date.

This was totally wrong dealing by The LIC. Rather it is a clear cut case of cheating

How can any body, who is a regular premium payer, can opt for premature surrender of the policy, and that too before one year only? This is a huge loss to me, given by the LIC.

Please enquire in the matter and take appropriate action, and review the case immediately.

I was misguided by LIC and taken the forms duly filled in and wrongly treated as the “Pre mature surrender case”

Yours’ Sincerely

(GIRISH PANDIT)

In this reference I want to state that I had enquired in the grievances cell of LIC vide my complaint No:239185, but they informed me that the case have been closed

Further they informed that there is no option for one lump sum payment.

Now I just want to ask that if there is no option for one lump sum payment, then why did they mention in their claim form for one lump sum payment?

Is it not the mis-guiding to the customers or cheating with the customers?

I, there by request to please look in the matter and if possible arrange to give me the justice in the case.

Thanking in anticipation

Yours’ Sincerely

GIRISH PANDIT

417 LOK MANYA NAGAR

KESAR BAG ROAD; INDORE (M.P.)

PIN [452009]

Ph. No: 0731-2369585

Company: LIC OF INDIA
Country: India
State: Madhya Pradesh
City: Indore

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