Inconsumercomplaints.com » Miscellaneous » Review / complaint: Lie Insurance Corporation of India/Money back policy - Due to unadjustment of excess paid premium | News #381433

Lie Insurance Corporation of India/Money back policy
Due to unadjustment of excess paid premium

I am serving in CRPF as Sub-Inspector and purchased a Money Back Policy No. 550454571 (Agent Code 00927560-A DO code 0328976) during my stay at Ranchi (Bihar), this was transerred by me at my Home Distt. Sultanpur (UP) during 01. Second money back of said policy was due during March & Rs 7500/- on account of money back is required to be paid myself, whereas only Rs 6789/- paid by the LIC vide cheq No. 0003932 dated 18.3.07 and in details it is mentioned that Rs 711/- have been deducted from my above due amount as a pending premium of 12/06 whereas, the said premium (i.e. 12/06) has already been paid by me vide receipt No. 1010035 dated 10/3/07 at Rati Ram Park Nazafgarh New Delhi.

On the above matter and adjustment of double paid premium, we have meet three times with the branch Manager LIC Sultanpur and his administrative officer during March to April and requested with them the excess paid premium amount as mentioned above may be adjusted against the pending premium of said policy of March & they have verbally assured me that many other similar type of cases are lying pending in their office and it may be settled by end of April. Despite of my repeated requests and also my written applications dated 24/4/07, 12/9/07 & 30/11/07 neither any action have been taken by them nor any reply sent to me till date. To avoid surrender of my policy i have paid premium of March vide receipt No.0197180 dated 8/9/07 at Rati Ram Park Branch Nazafgarh New Delhi with late fee of Rs 28/-. Due to pending of adjustment i unable to deposit my premium of 6/07 to 12/07.

Request necessary direction may be issue to the concerned that the double paid premium of 12/06 may be adjusted against my due premium of 6/07, so that i can able to continued my said policy.

Thanking you,

Your's faithfully

Vigyan Vrat (Sub-Inspector)

Central Reserve Police Force,

GC, CRPF Amethi

(Presently functioning at

GC, CRPF Lucknow UP)

E-Mail ID: [email protected]

Mob No.9452734759



0 comments

Information
Only registered users can leave comments.
Please Register on our website, it will take a few seconds.




Quick Registration via social networks:
Login with FacebookLogin with Google