CLAIM REGARDING LIC OF INDIA MATURITY CLAIM

S

SHYJA

New member
Policy Name
LIC BIMA GOLD 174
Company Name
LIC OF INDIA
Customer Care Number
8891545754
Loss Amount
30000
Ratings
4.00 star(s)
Opposite Party Address
LIC OF INDIA
BRANCH No.2
KAVANAD
I had an LIC policy started on 28/3/2006 the policy maturity date is 28/3/2026( LIC BIMA GOLD 174) This is 20 year policy having money back every four year of Rs.10000/-.The policy offers a maturity claim of Rs.100000/-
The expected maturity value is 100000-40000(money back)= 60000+loyalty addition+Bonus
But as LIC of India the claim is only Rs.48680/- I have paid all premium up to 28/3/2026
MY POLICY No.783378120
my mobile no.9446591989
 
Hello @SHYJA

We have read through your post and here is a quick summary — kindly go through it and let us know if anything needs a correction.


You hold an LIC Bima Gold Policy (No. 783378120) that commenced on 28th March 2006 and matured on 28th March 2026 — a 20-year policy. Under this policy, you received money-back payments of ₹10,000 every four years, totalling ₹40,000. At maturity, the expected payout was ₹60,000 (after adjusting the money-back amount from ₹1,00,000) plus applicable loyalty additions and bonuses — all premiums having been paid regularly up to the maturity date.


However, LIC has released only ₹48,680 against your maturity claim, which appears significantly short of what you are rightfully entitled to, with no clear explanation for the shortfall.


We suggest you to first send a legal notice the CMD of LIC and wait for their reply.

Thanks
 
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