Inconsumercomplaints.com » Miscellaneous » Review / complaint: Nil - Non surrender of policy | News #436385

Nil
Non surrender of policy

I had taken a jeewan suraksha policy no. 214374782 for Rs 10, 000/00 only to be metured on 28.03.2009.

Much before the date of meturity, I submitted a request to surrender the policy fulfilling all the required formalities. The policy has not been surrendered, instead yesterday I have received a letter for informing me inability of the LIC to surrender the policy with the plea that the formalities were not complete. This is simply a harrassment. If the formalities were not complete, why I was not informed well in time?

I will not accept any pension etc except the surrender value of the policy.

Appropriate action needs be taken.


Company: Nil

Country: India

Category: Miscellaneous

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