Life Insurance Corporation of India
Non-receipt of quarterly pension for last 7 instalments

I am having the above-mentioned Pension Policy. It was being operated in Warora Branch of L.I.C., Distt: - Chandrapur, Maharashtra. The Annuity of the Policy had vested on 23/01. 25% of Notional Cash value had been received by the undersigned from Warora Branch and Option “F” had been opted for. Quarterly Pension had been started from 23/01 and on that basis; I had received some post-dated cheques from the concerned Authorities covering period up to January. Cheques were being deposited on my S/B A/c and were being regularized at par. But during June’07, I was transferred from W.C.L. to M.C.L. Sambalpur (i.e. at the above-mentioned address). Expecting better service, I requested for the transfer of the Policy to Burla Branch, which is nearer to my present place of working. Accordingly, the Policy was transferred to Burla Branch (Branch Code: -59 D), Distt. Sambalpur, which was under the jurisdiction of Eastern Zone, Kolkata. Due to my transfer to Sambalpur, Cheques bearing No.106259 dtd. 01/08 for Rs. 427.00 and 106261 dtd. 01/02 for Rs. 427.00 of State Bank of India, Dividend Warrant Division, Mumbai Main Branch could not be deposited in time. For this reason, those cheques had been sent to the Western Zonal Office of L.I.C. Mumbai along with my letter dtd. 19/11/07 for revalidation of the same. But, the Asstt. Secretary (I.P.P. Cell, WZ) had sent the cheques to the Eastern Zone along with his letter no. WZO/ IPP Cell Dtd.2-1 with a copy to the undersigned for providing further services from Kolkata end.

However, I had written so many letters to the Western Zone of LIC for persuasion in this matter. One of such letter is AKN/LIC-PS/07/295-97 dtd. 24/12 written to the authorities of Western Zone with copy to the Branch Manager, LIC Warora. I had written so many letters to the Eastern Zone of LIC for early settlement of this issue. But no fruitful result came so far. Similarly several letters had been written to the East Central Zone, Patna. In answer, patna had not replied any letter so far. Several E-mails had also been sent to the East Central Zone. But no answer had been received till date. The following installments are yet to be received:

Sl. No Quarter ending

1 05 427/-

2 11 427/-

3 02 427/-

4 05 427/-

5 08 427/-

6 11 427/-

7 02 427

Company: Life Insurance Corporation of India
Country: India

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