Dispute against my policy payment receipt - LIC insurance corportation of india
Complain ID : JGJN031725 40
Insurance Complaint
Complaint Date : May 9, 2018
Dear Sir / Madam ,
My Self Mudrikaben Ramanlal Shah i Had Invest In Lic Wealth Plus Policy .This To Inform You That I Retired From Government Job i Got Good Amount For Pension & Other Amount . Those Amount i Had Invest In Bank Deposits, Post Office , Nsc , Post Re- Curing , Gold , Lic Other For My Future Security & Uncertain Expense .
In Lic i Had Invest Total 4-5 Lakh In 2010 For Better Return .In Which Amount Distribute & Invest In Lic Wealth Plus - My Name Mudrikaben r Shah 836858768 Rs.4000/-,Name Of Gaurang j Shah ( My Son ) - Policy Number : 836858169 Rs.40000/- , Name Of Hiral j Shah ( My Daughter ) - Policy Number : 836858768 Rs. 40000/- & Other Lic Scheme .
Now On Maturity Of This Scheme Lic Wealth Plus i Had Got Rs.38839/- Against My Rs.40000/- Investment Duration Of 8-9 Years. Also Got Rs.52627/- For My Son & My Daughter Investment In Same Scheme.
Here My Question Is Why My Maturity Amount On Rs,38839/- After Long Investment Of 8-9 Year. Return Rs. -1161/- . It Is Totally Not Expected / Digestible. Because i Had Got More Than 20 % Return In Other Investment All Though Less Duration .
Here See Below Details For Same Period Same Investment How Much I Got Vs Lic Wealth Plus & other data .
Particular Time Rate Of Interest Investment Received
1. Bank Deposit 7-8 Year 9.50 % Rate Of Interest 40000/-
38000+40000 = 78000/-
2. Nsc 6.5 Year Double Of Investment 40000/- 80000/-
3. Gold 16000/- Per To Grm 25 Gm ( 1600 *25 = 40000) 35000+40000 = 75000/-
4. Sensex 21000 On 2010 More Than 20 % 35000 On 2018
5. Mutal Fund 25 %
6. Lic Houseing Share Rs.185 On 2010 200 Share Rs.760
115000
* Above 1,2,3 i Had Invest & Got That Particular Period & 4 ,5 , 6 Is For Historical Details For Share Market How Much Return Got .
So Please Check Your Side If Any Wrong Calculation Done Or Other Issue .i Need Not More Return Above Got But At Least Need Same As My Son & My Daughter Got . So Check Arrange Balance Payment By Cheqe Rs. 13788 /- [ 52627- 38839 ].
This Letter Written Delay Because i Am Waiting For Statement from your side . I already send mail for this date on 23/04/18.I didn’t receive any reply from your side. I Am Not Satisfy With Lic Wealth Plus Return Which i Got & My Son , My Daughter Got .
Look In To This Matter & Waiting For Your Favorable Reply .
Yours Faithfully ,
Mudrikaben r Shah .
9 , New Suryanaryan Society , Ranna Park ,Ghatlodia.
Gaurangs79@Gmail.Com
9925625247.
My Self Mudrikaben Ramanlal Shah i Had Invest In Lic Wealth Plus Policy .This To Inform You That I Retired From Government Job i Got Good Amount For Pension & Other Amount . Those Amount i Had Invest In Bank Deposits, Post Office , Nsc , Post Re- Curing , Gold , Lic Other For My Future Security & Uncertain Expense .
In Lic i Had Invest Total 4-5 Lakh In 2010 For Better Return .In Which Amount Distribute & Invest In Lic Wealth Plus - My Name Mudrikaben r Shah 836858768 Rs.4000/-,Name Of Gaurang j Shah ( My Son ) - Policy Number : 836858169 Rs.40000/- , Name Of Hiral j Shah ( My Daughter ) - Policy Number : 836858768 Rs. 40000/- & Other Lic Scheme .
Now On Maturity Of This Scheme Lic Wealth Plus i Had Got Rs.38839/- Against My Rs.40000/- Investment Duration Of 8-9 Years. Also Got Rs.52627/- For My Son & My Daughter Investment In Same Scheme.
Here My Question Is Why My Maturity Amount On Rs,38839/- After Long Investment Of 8-9 Year. Return Rs. -1161/- . It Is Totally Not Expected / Digestible. Because i Had Got More Than 20 % Return In Other Investment All Though Less Duration .
Here See Below Details For Same Period Same Investment How Much I Got Vs Lic Wealth Plus & other data .
Particular Time Rate Of Interest Investment Received
1. Bank Deposit 7-8 Year 9.50 % Rate Of Interest 40000/-
38000+40000 = 78000/-
2. Nsc 6.5 Year Double Of Investment 40000/- 80000/-
3. Gold 16000/- Per To Grm 25 Gm ( 1600 *25 = 40000) 35000+40000 = 75000/-
4. Sensex 21000 On 2010 More Than 20 % 35000 On 2018
5. Mutal Fund 25 %
6. Lic Houseing Share Rs.185 On 2010 200 Share Rs.760
115000
* Above 1,2,3 i Had Invest & Got That Particular Period & 4 ,5 , 6 Is For Historical Details For Share Market How Much Return Got .
So Please Check Your Side If Any Wrong Calculation Done Or Other Issue .i Need Not More Return Above Got But At Least Need Same As My Son & My Daughter Got . So Check Arrange Balance Payment By Cheqe Rs. 13788 /- [ 52627- 38839 ].
This Letter Written Delay Because i Am Waiting For Statement from your side . I already send mail for this date on 23/04/18.I didn’t receive any reply from your side. I Am Not Satisfy With Lic Wealth Plus Return Which i Got & My Son , My Daughter Got .
Look In To This Matter & Waiting For Your Favorable Reply .
Yours Faithfully ,
Mudrikaben r Shah .
9 , New Suryanaryan Society , Ranna Park ,Ghatlodia.
Gaurangs79@Gmail.Com
9925625247.
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