LIC OF INDIA
NO TRANSPERENCY WHEN POLICY HOLDER SURRENDERED HIS POLICY

When POLICY HOLDER surrender his policy by what so ever of nature or reason, LIC ADMIN PEOPLE JUST SEND CHEQUE FOR SUCH AMOUNT TO POLICY HOLDER WITH SIMPLE COVERING LETTER, SUCH LETTER HAVE NOT ANY DETAILS

(1) HOW MUCH PREMIUM RECEIVED?

(2) HOW MUCH AMOUNT HAS BEEN DEDUCTED TOWARDS SURRENDERED CHARGES?

(3) HOW MUCH BONUS AMOUNT CONSIDERED FOR SUCH SURRENDER VALUE?

(4) NOT MAKING ANY ALERT THAT POLICY HOLDER SUFFER SUCH AND SUCH?