LIC of India - I m not satisfied with LIC BAL VIDHYA PLAN, as norms I m not getting my amount..
Contact Complainant     3167 Views     Report Spam  
Complaint by: vipul patel on July 25, 2009, 5:05 pm in Insurance All

Respected Sir,

I Vipul Patel, residing at the above address, Before 6 years I had taken a plan for my Daughter from LIC, Plan name - \" BAL VIDHYA PLAN WITHOUT PROFIT \"
Proposal No. & Date :- 6743 - 26-03-03.
Policy No. & Commencement :- ********6. - 28/03/03.
Branch office :- Nanpura CBO-10/ Surat.

Sir, as per the Policy terms, rules, contract, Information, given in the joining LIC Insurance Joining form, It was term as my Daughter ( Beneficiary ), will get sum amount of Rs. 750/- from 28/04/2005 to 28/03/2009. i.e. 1 % of sum assured, starting from 28/04/2009. as per this term, I have got Rs. 750/- till this Date, 28/03/2009.
But as per term From 28/04/2009 to 28/03/2017. My daughter ( Beneficiary) will get Rs. 1500/- . i.e, 2 % of sum assured, Sir This amount they are not giving me, it is clearly written in policy papers that beneficiary should get 2%. But they are giving me, only Rs. 750/-. Instead of Rs.1500/-.

About this matter, I have complaint them in written, on Date 18/06/2009. they have given us response Reply on date 25/07/2009. The Letters Details are, date on Letter 17/07/2009. Letter Refrence no :- claim/cjl. they says that you will get Sum amount Rs. 1500/- from 28/04/2010. Instead of from 28/04/2009. they are not giving the proper reason and reply, that why fom this date you will be giving ?

Sir Kindly pay attention to my above complaint, I will be much Thankfull, if you Honestly give me proper Justice. I have much expectations from you as a reliable and honest firm, helping the society, in their needs.

Please do the needfull work as fast as possible.

Thanking you,
Yours faithfully,
Radhika Printers,
Vipul Patel - ********64.

Complainant's Goal: My money as per the policy terms, I am not getting.
Complainant's Target: LIC of India
Complaint Location: IndiaGujaratSurat
Would you like to Comment on this Complaint?
By clicking "Post Comment" button, you agree to our Terms of Services and Privacy Policy
Recent Comments
3.
Thu, 25 Oct 2012  UDAY

SAME PROBLEM IS FACING TO ME.
PLEASE LET ME KNOW WHAT HAPPENED AFTER THAT & WHAT I SHOULD DO BEACUSE EXACT SAME PROBLEM & ANSWER I RECEIVED FROM LIC.

2.
Wed, 02 Sep 2009  Message from iComplaints.in Helpdesk

An email communication has been sent to LIC of India on September 2, 2009, 2:45 pm

1.
Mon, 27 Jul 2009  Message from iComplaints.in Helpdesk

An email communication has been sent to LIC of India on July 27, 2009, 10:01 pm