Life insurence corporatin (LIC)
Delay in getting LIC maturity amount

My wife's LIC policy (No-73135695) under SSS, matured on 01/03. Every month the premium is remitted through Corporation Bank Wadala for last 3years. The last premium was also sent through Corporation Bank Wadala. We have not received the maturity intimation from your office at my residential address or Corporation Bank wadala where My wife Mrs. Gouri is working.

After we observed that the policy was due, accordingly we have submitted the policy to LIC office at Santacruze-West on 22 March for getting my entire maturity amount. Reference no of acknowledgement slip is I/22/03/MA/6. In your prescribed format, we had clearly mentioned the mailing address and intimated to send the proceeds of the matured policy to Corporation Bank, Wadala branch. We have yet to receive the proceeds. After about one month on 20th April we inquired at LIC office, Santacruze-West. we were told that, the cheque was already dispatched by registered post on 26th March at my residential address, though We had clearly mentioned that cheque to be posted at working Place, ie Corporation bank, Wadala Branch Mumbai. Then, why LIC has sent the cheque to my residential address? We have not received the cheque till today.

Under the above circumstances we have every right to claim the interest on the proceeds of the above LIC policy for the delayed period.

In anticipation of your earliest action.

Company: Life insurence corporatin (LIC)
Country: India
State: Maharashtra
City: Mumbai Suburban

  <     >