Dear Sir, With due respect I would like to bring to your kind knowledge that my grandfather late Shri. A. Mahalinga Pandaram (Retired Govt Teacher), had purchased a fully paid-up share of Rs.10,00,000/- for Rs.1.00/- from The South India Co-operative Insurance Society Ltd., on 24/06/1937 which was situated in the Armenian Street, Madras. His Share Certificate number is 4589 and he had also insured in the same concern of which the policy number is 5161. The share number is also mentioned as 50928. We were not aware of The South India Co-operative Insurance Society Ltd as it was the oldest organization in India. So, we had approached The President of India regarding this as I had read that the unclaimed dividend and other funds were under the control of The President on 04/02/2011. On behalf of us they addressed us to approach The Ministry of Corporate Affairs on 11/02/2011. After a thorough investigation by The Ministry of Corporate Affairs, on 10/01/2012, they had asked us to directly approach Life Insurance Corporation of India for the earliest settlement of the claim as The South India Co-operative Insurance Society Ltd had now been taken over by the central government and the fund was invested for formation of Life Insurance Corporation of India. At the same time IRDA had also asked us for the details of the claim and I had submitted all the details to them also, but I had no reply from them. I had also informed through a separate letter to The Chairman in the name of Shri. J Hari Narayanan of all this issues, but I had no reply or any acknowledgement till now from them. I humbly request your good self to consider our grievances and redress our case favorably at the earliest.

We are all expecting the actual compensation that has to be paid to our family welfare that comes more than Rupees one crore as of today.

Complainant Information
name- KGOPAL