Life Insurance Corporation of India
Non-receipt of quarterly pension against a pension policy

I am having one 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. Accordingly, the Policy was transferred to Burla Branch (Branch Code: -59 D), Distt. 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 had been sent to the Western Zonal Office of L.I.C. Mumbai along with my letter dtd. 19/11/07 for further needful at their end. But, the Asstt. Secretary (I.P.P. Cell, WZ) had sent the cheques to kolkata office along with his letter no. WZO/ IPP Cell Dtd.2-1 with a copy to the undersigned for providing further services from kolkata. so many letters had been written to different aurhorities for the fiollowing.

1. Payment of Rs. 427.00 for the period from May’07 to July’07 against Cheques bearing No.106259 dtd. 01/08 for Rs. 427.00 and Payment of Rs. 427.00 for the period from Nov.’07 to Jan.’08 against Cheques bearing No. 106261 dtd. 01/02 for Rs. 427.00 and Payment of pension from the period of February’08 onwards till February’09.

I had taken up this matter with Mr. Acharia, Sr. Divisional Manager, LIC of India, Ainthapalli, Sambalpur and with the Branch Manager, LIC of India, Burla Branch, Burla. But they did not do anything.

Please do something.

Company: Life Insurance Corporation of India
Country: India

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