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Lic Of India - Payment of monthly annuity / pension is less than the amount mentioned in policy bond by LIC

RAJ KUMAR filed complaint against Lic Of India on Jan 15, 2019

I have purchased a Pension Policy Plan of lic on **-**-**** ( policy no. *********). The policy plan / Bond was issued on **-**-**** mentioning date of commencement as **-**-**** and amount of monthly annuity as Rs. ****.**. The policy plan has been matured on **-**-**** and lic paid me pension / monthly annuity as Rs.**** stating that there was delay in completing the formalities of the policy and the same was completed on **-**-****. I have to say that lic issued the policy plan / Bond to me on **-**-**** after considering all the facts / delays and mentioned annuity amount as Rs.****.**. Now lic is not respecting the policy plan / Bond ie the contract between lic and me by using unfair business practices. I have complained the same to Complaint / Grievance redressal System of lic and irdai, irda token no. Is **-**-****** and Entity Reference no. is lic **********. But I did not get justice so far. Now I need your intervention in the matter to get pension as per policy plan / Bond.

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Complaint Status

Resolution Demanded:

Damages for loss and agony

Lic Of India

21

Total Complaints

10

Total Resolved

47.62%

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