LIC
Desuction of medcal charges

Hi, I applied for Term Policy for 25Lk in Jan And proposal amount of 18K recived by LIC. Medical done in Feb, but since then nothing recived any acceptance form LIC till June 1st week. SO I decided to cancel my proposal & sent letter to LIC, Thane branch.

They accepted the leter and return a chque after deducting 1700 rs for medical. I asked them, if it is not my fault why should I suffer this chrges. There is delay from LIC, not from me. And In Jun I took HDFC medical term Insurance as LIC did't accepted my policy.

My queston is as Proposal is not accepted, And as for almost 4 month no reply from LC, am I not have right to cancel the policy and get refund of all money.

Please suggest.

Thanx... cell no. is... 9420070044

Company: LIC
Country: India

  <     >