I was having a postal life insurance policy. date of maturity was 31.12.2005. but the postal department paid the maturity value on 02/02. after vigorous fight ultimately, i got a payment order from bhopal office through orissa circle. Being aggrieved by the above-mentioned payment order, I am writing the following few lines seeking justice from your end at the earliest, because that order has got the following demerits:
1. Rate of interest towards late payment has been given only @ 8% pa whereas Postal Department claims @ 24% pa from a defaulter. I should also get @ 24% interest per annum, because in this case, Postal Department is the defaulter.
2. Financial Parameters, though not up to the legitimate right of the undersigned, somehow considered till 02.6.07. But interest for the period from 03/06 till 30/05 (the date of actual payment) has not been considered.
3. Furthermore, the amount of physical harassment, mental agony for a period of more than 1190 days has not been translated /converted into financial terms and cost of stationary, drafting, typing, printing charges, forwarding charges & Cost of engaging Advocate has also not been considered on the above payment order. The above terms altogether, hereinafter, would be called as “compensation” for all practical purposes.
4. Interest on the amount as calculated on the basis of the demand under sl. No.1 from 02/06/07 till the date of actual payment.
Will you please take up my case sympathetically with the competent authority and help me in getting justice from the postal department's end at the earliest.
0 comments