LIC OF INDIA
LIC unable to meet commitments

Dear Sir,

Surrender in Respect of Policy No. 901913669

Surrender Value Rs. 180545/-

On my spouse request letter dated 30.03. I recevied letter from 909 branch Ref. 909/PS dated 21.04.2011 with Form No 5074 to be duly filled in and signed.

I submitted the form duly filled in and requested for Surrender value on 29.04.11. The policy bond in original is already with br909 office with my earlier letter. There was no response from br909 after that. On my personal telphonic enquiry I was advised to submit proof of rquirement for urgent need. So on 08.06.11, I submitted all details of need. On further follow up, 909 br told me that my letter is under process of submission to Divisional Office.

So far there is no reply in writing on this policy from branch/ RO or any other office. On 24.06.11 again I contacted Br909 and understand from them that there is no response from Divisional Office/Regional Office.

Annual premiums were well within the time and are no arrears. In fact I used to get premium notices atleast one month in advance. When the money is due for payment there is no help from LIC of India.

Now I need money very urgently for medical needs and to repay the loans taken for my daughter’s marriage. I am also a BP patient and on continous medication.

Though there was no written response from LIC of India, Please note that this policy is overdue for payment but there is no action for the past 3 months with regard to my claim even for Surrender value.

Ramadorai

Nominee of the policy

Company: LIC OF INDIA
Country: India
State: Maharashtra

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