LIC is cheating people in name of term insurance. I have applied for LIC term insurance plan Jeeven Amulya 4 months back. They have asked me to go for medical test twice and after that returned the amount back i paid for insurance and deducted 800 from initial amount paid.
However no response why policy is not issue in 4 months and why Rs. 800 is deducted.
So they just avoiding the issuing of term insurance and only want to sell the traditional insurance plan which are helpful for LIC and its agent not for general public.
Please find the details of policy i applied:
Name: Yogesh Singh
Date of Application : 22/04
SCO-46-47, Phase 2
SAS Nagar Mohali
Amount paid 14490
Amount Returned on 11/08 : 13768
D.C No. 589
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