I took LIC Wealth Plus (Unit LInked Plan) with Insurance benefit of 10 lakhs through the Direct SAles EXecutive of LIC (Mr Ashok Kumar Lohiya) working under Suresh Parwani SBM (Direct Marketing) in New DELHI. I had to pay 1 lakh per year for three years on a monthly ECS through my HDFC Account in Greater Noida. My first monthly ECS was drawn Rs 8500/- on 16 th April.10. My medical was done in Bansal Hospital but till now I have not received the document details. I got a call from Mr Ashok Kumar Lohiya, Direct Sales Executive LIC that there is some problem of legibility in the medicals and I will have to repeat the tests. THey also say that since your age is 49 to give you coverage we will have to charge some more. Now these things were not explained before. Now it seems that the adverse reports which are coming in the press are right that the Insurance companies are misinforming the public and duping them by talking of higher returns whereas they will charge lot of costs for that and eventually in the last the return will be less. Now the reports justify. As I have not received the document I must get the same at the earliest on the agreed terms without giving extra charges for INsurance, if not then the money taken through the bank must be refunded to me at the earliest without any deduction as I am not responsible for cancellation. THeir efficiency is undermining my confidence and hence I am asking for the refund as still I am interested in the product but only on agreed terms.
I therefore request you to do a speedy redressal for the same and tell LIC to solve this matter at the earliest.
With regards
Prof N.H.Mullick
9899846750