LIC of IndiaRefund of amount

This review was posted by
a verified customer
Verified customer

Dear Sir:

I have opted and invested in LIC, Hyderabad through an agent named B. Bala Raju, Development Officer (Life Insurance Corporation of India, Res. H. No. 14-88, P&T Colony, Dilsukhnagar, Hyderabad, 500060, Phone: [protected], Cell: [protected]) who has explained the policy details on behalf of LIC agent B. Vijaya Kumari.

Later on 31.03.2009 i have paid the term amount of Rs 3552/- having cheque numbered as "588860" from ICICI Bank.
After 3 months the agent has brought my policy receipt and there were discrepancies found in the receipt from the discussions which we had for the policy.
Hence i have requested the agent for the cancellation of the policy and refund the amount paid.
He told us that he has forwarded the cancellation of policy and refund of money to Mumbai head office 6 months back,
till date we have not received any communication in any form nor the amount.
But despite of our many request and calls the deposited amount is still not refunded by your company(LIC).
Also tried to reach him but he is merely giving me silly reasons and many times not lifting the call from me.
In this regard I wanted to submitted a complaint.

Please look into this matter and request you to resolve ASAP. I would be very thankful if you would help me in resolving.

Address of the policy holder:
E.Prasanna Lakshmi
C/O E. Ganganna
H.No. 8-1-301/105,
Lakshmi Nagar Colony,
Shaikpet Nala.

With Regards,
Prasanna Lakshmi

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