Insurance
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Complaint #1166 — MAHESH GUPTA
Filed: 2 May 2013 ·
Address: 14/F BHAGWATI NIWAS REHARI CHUNGI JAMMU
DEAR SIR,
I AM HAVING A POLICY WITH LIC NUMBERING 140451617. THE MATURITY DATE IS 28/4/13 AS PER THE BOND. FEW DAYS BACK I SUBMIT THE POLICY TO THE CONCERNED BRANCH,AND THEY SAID THAT THE AMOUNT WILL BE DEPOSITED TO YOUR ACCOUNT. BUT TODAY WHEN I GET IN CONTACT THE BRANCH FOR THE NON TRANSFER OF ACCOUNT,THEY SAID THE POLICY PERIOD IS NOW INCREASED FROM 20 YEARS TO 21 YEARS. BUT THE PERIOD AND DUE DATE IS CLEARLY MENTION ON THE BOND AND THAT IS 28/4/13 WITH 20 INSTALLMENTS(20 YEARS).I SUBMIT THE LAST PREMIUM ON 28/4/12. NOW I DON\'T UNDERSTAND HOW THEY INCREASE THE POLICY TERM WITHOUT INFORMING ME BEFORE THE SUBMIT ION OF BOND. WILL BE PLEASE SUGGEST ME ANY WAY OUT FROM SUCH FRAUD ON THE PART OF SUCH A REPUTED COMPANY.
REGARDS
MAHESH GUPTA