L.I.C.H.F.L
Maturity amount adjusted to principal without approvle

Pratik Buddhiwant
06-15-2009
253

My father has taken home loan for reconstruction of our house from LIC Housing Finance Limited on 10/1 of Rs 250000 for 4 year & 6 months at rate of 9.25.At time of approval they assigned 4 of our Lic policies in there favor and taken original registry of house and guarantor (my uncle) salary slips. we are regularly paying Emi of Rs 5595.In month of Feb & mar, two of our policies assigned to LICHFL matured, so instead of giving us money (Rs141000) they adjust it against loan without our approval so that our loan remain of only Rs12200, we have received money for one policy before without any problem but now they told us that policy maturity amount has to be adjusted to principal loan they can not give it to us. We do not want to close our loan account due to tax purpose, So please look in to the matter and advise us what to next?

Dr. Govind Buddhiwant, Mradula Buddhiwant, Pallavi Buddhiwant

D 1434 sudama nagar Indore

Mobile no 09981110248

Loan A/c no 160012008

App no 213023

Policies assigned amout premium

342982554 56000 9689

341836005 50000 5155

341558466 50000 4611

342982278 60000 10321