Dear Sir,
I am a senior professor of Allahabad University and President of Allahabad University Teachers Association. I took a Money Plus policy No.312904936 on 23rd Feb 07 for my wife from LIC CBO 1 office civil lines Allahabad. I was paying yearly premium of Rs.6250/-. After depositing 3 full years premium more than 18000/- I came to know that I have only 539 units balance in my policy account and my policy has been foreclosed. It was because of 7,55,000 sum assured, but according to policy terms sum assured can be given only 5 times to 20 times of yearly premium. I had applied only 5 times sum assured. Nominee name is also incorrect. Several times I visited CBO1 office to solve the problem, but nobody is ready to take pain.
I request you to correct the fault and credit units in my policy accounts.
Thanks
Professor Yogeshwar Tiwari
Department of Med.& Mod. History
University of Allahabad
Mobile- 9415369279