Inconsumercomplaints.com » Miscellaneous » Review / complaint: LICI Varistha Pension Bima Yojona - Non-payment of monthly pension since April | News #379509

LICI Varistha Pension Bima Yojona
Non-payment of monthly pension since April

I took a LIC Policy No.483544958 under the above scheme of LICI on 22.06.2004 and deposited an amount of Rs.266, 665.00 with the undestanding that a pension of Rs .- (Rupees two thousand only) would be paid to me by the LICI on monthly basis from the date of taking the policy. Accordingly I was receiving the monthly pensions by cheques issued by the Eastern Zonal Office of the LICI in advance on yearly basis. The system was working very smoothly and I had no difficulty in getting my pensions. But in the month of February, I received a letter No. EZO/CRM/IPP/NEFT dt.05.2. from Eastern Zonal Office of LICI, Kolkata, advising me that as per the RBI guidelines, henceforth the monthly payment of pension will be made on "account-to-account fund transfer" basis and they advised me to furnish some particulars on the proforma prescribed duly countersigned by my Bank branch. Accordingly, on the first part of April, I submitted the prescribed profroma, fillling up the required particulars, signed and countersigned by my Bank branch. But no pension was credited to my bank account. So on 26.08. I wrote a registered letter (Registration No 2944) to the Regional Manager, (CRM), LICI, Eastern Zonal Office, Kolkata, with a request to effect immediate payment of my pension with arrears. But no action was taken on my letter. Finding no other alternative, I sent another letter, enclosing a duplicate copy of prescribed proforma duly filled in, signed and countersigned by my bank branch, under registered post No7873 on 14.09.2009. But all these efforts of mine are in vain. Uptil now, I have not received the pension with arrears from the LICI. I am an old man of 65 years of age and mostly depending on this pension for my livelyhood. This thing was specifically explained to the EZO, LICI, Kolkata in my both the letters. Now finding no other alternative, I am approaching the LICI through this "E-Mail" with a humble request to release my pension with arrears from April. Kindly help an old man to survive in these hard days by taking up the matter with the concerned authority for immediate settlement of my pension. For this act of kindness I shall remain ever grateful to you.

Thanking you in anticipation,

PRANAY KUMAR SEN


Company: LICI Varistha Pension Bima Yojona

Country: India

Category: Miscellaneous

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