Complaint Rating:

MY NAME IS VENKATESH, BANGALORE

i have taken the policy 8years back in my uncle name .in the year 2007 he died to illness in the hospital .nominee died, his legal heirs approached the lic.producing the death cerificates and relevant documents they refused to pay the death benefit amount .4 months over till now the lic is not responding properly.

the L.i.c service is very poor .

example : the value of rs100 after 8years is rs 10 only.
for five years land rates and rental have raise 5o times,
fuel rates essential commodities have raised simultaneously .
still L.I.C is crying to return the policy holder's money.
if they return the paid amount .
its value is ten percent of what they have paid only.
so L.I.C is pure cheating company still allive in cheating but policy hoders are dying.