Life Insurance Corporation of India
Non receipt of surrender value

Sir,

i had personally handed over my request for payment of surrender value on my LIC policy to the Lic Manjalpur office on 16th may 08/

i had been informed earlier that by staff that LIC generally makes payment within 3 days.

I have not yet received the payment cheque. Apart from poor service given by the agent, not giving proper information on the policy being sold, there is now delay in receiving the surrender value of policy.

I was informed yesterday that the cheque has been sent on thursday by speedpost.

In a small city like baroda, courier also delivers covers on the next day.

May i know the reason for the delay.

thanks

sheela jayaraman