LIC of India - Imbalance amount in the policy
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Complaint by: Paris on June 11, 2010, 4:31 pm in Insurance All

To,
The LIC of India

Subject :- Policy No ********3,
Sum Assured 5Lak ,
Premium Amount 12130/-

Dear Sir,
With reference to the subject Matter, the policy holder Mr. Paris Ranadive Bearing Policy No ********3, opened an LIC account in your company through an agent.
It was initially been explained the term will be for 30 Years where the Premium Amount is Rs.12130/- half yearly.
The Total sum assured for a period of 30 years will be Rs. 7,27,800/- where as in the policy shows the sum assured is Rs. 5lakhs. This signifies that I am paying 227800/- more, & which is not been tallying to the balance sheet.
Consulted the agent regarding this issue, as could not get enough authentic reply .
I believe myself that this complaint will be handled by you in the right way at the right time and solve this matter on priority basis and will re correct it.
For any issues contact me on: 0********08

Thanks,
Paris Randive(ravi_7574 @rediffmail.com)
A/P: Shankarahatti
Tal: Athani, Dst: Belgaum
Karnataka PIN – 591220

Complainant's Goal: I need this issue to be solved
Complainant's Target: LIC of India
Complaint Location: IndiaAthani
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Recent Comments
2.
Wed, 16 Jun 2010 - Business Reply from - LIC (LIC of India)

Dear Sir,

We are referring to servicing branch regarding the same.

Thanks and regards.
PCMC
Mumbai

1.
Tue, 15 Jun 2010  Message from iComplaints.in Helpdesk

An email communication has been sent to LIC of India on June 15, 2010, 12:00 pm