Life Insurance Corporation of India
Complaint against LIC

I have grievance against Model Town, Delhi-123 branch where my case is pending for over three months. Dev Office code is 5036011.

I have paid a sum of Rs. 45000 on 28-12 (BOC 20817 Model Town, Delhi-123) and 5860 on 28-1 (BOC 24953 Model Town, Delhi-123) towards two LIC policy (endowment and term). The proposal no 22605 for one of the policy. The two policy which i had selected after spending almost two months and reviewing various proposal by other private insurance company just because of trust in LIC.

I was medically examined as the policy was of high worth. Due to some adverse report relating to blood sugar, i was again medically examined. The report was negative again. I was not intimated any thing about the blood report and my policy. Just to be sure about my heath i got my blood sugar tested in some private lab for personal satisfaction where the report was ok which mean the blood sugar was within range. This fact i intimated to my agent. He informed me that nothing can be done. just two day before March 31, i was informed by my agent (not officially) that i have to pay additional amount of Rs. 15, 000 to take the above two policy due to negative blood report. I was shocked to know this at last moment. I was surprised that nothing was intimated to me by LIC officially for three months and on the last day, i was asked to pay Rs. 15, 000 within two days in case i want to take this policy by March 31 to save tax.

This was a highly irresponsible act by the LIC team which has resulted into higher tax deduction from my salary in March and more than that i lost faith in LIC. Till date, my agent is asking for official intimation about the status of my case from LIC officials but no body is behaving responsibly. Till date, i am not aware of the reason of asking additional Rs. 15, 000 on last date and how it was calculated.

In case nothing can be done, i request at least my money be returned to me with interest.

Company: Life Insurance Corporation of India
Country: India

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