Inconsumercomplaints.com » Business & Finance » Review / complaint: Life Insurance Corporation of India - Unjustified deduction of premium gap for the month of Jan’2008 | News #381774

Life Insurance Corporation of India
Unjustified deduction of premium gap for the month of Jan’2008

The letter which was send to LICI furnished below, this is for your kind information & necessary action please-

To

The Customer Care Manager

Life Insurance Corporation of India

(Kind attention Mr Haque)

Sub:- Unjustified deduction of premium gap for the month of Jan’2008

Sir,

My particulars are furnished below for your kind information and necessary action-

Name: Rajesh Kumar Ojha

LIC Policy No. : 416785719

Date of Commencement : 28.05.2007

Sum assured: Rs.2, 00, 000/-

Plan: New Bima Gold (T.No.179), 4 years money back policy

Policy Term : 16 years

Monthly Premium amount: Rs 1166/- through monthly salary from South Eastern Railway, Kolkata-43

Expected 1st money back after 4 years (as on 28.05.2011) is: Rs.30, 000/-

Unfortunately LIC (India) issued cheque of Rs.28, 834/- instead of Rs.30, 000/-

Reason shown for deduction due to gap premium of Rs.1, 166/-for Jan’2008 vide Divisional Manager’s letter dated-23.05.11

As per employers (South Eastern Railway, Kolkata) record that bulk premium amount of Rs.1, 41, 330/- was paid to LIC (India) vide Cheque No. – 998745 dated 23.01.2008. In which premium amount of Rs.1166/- for the month of Jan’2008 against policy No.416785719 was included.

In view of the above it is requested to take necessary action towards pay the difference amount of Rs.1, 166/- as early as possible by rectification of the monthly premium data for the policy no.416785719.

Yours faithfully

Rajesh Kumar Ojha

Cell-09002081863


Company: Life Insurance Corporation of India

Country: India   State: West Bengal

Category: Business & Finance

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