Delay in getting maturity value of PLI

Complain ID : CCN016402   83   Complaint's Reply

Postal Complaint Complaint Date: March 11, 2016
  • State :  Assam
  • City :  Dhaligaon
  • Address: Qtr No 628/B, BGR T/S, P.O. Dhaligaon, Dist: Chirang, Assam PIN 783385
Sir
Pl go thru following case & see the attachment:
1) It took 4 months from maturity to final cheque, whereas claim submitted in 1st week after Maturity.
2) Delay caused financial damage by way of interest, if deposited in savings A/C for delay period.
3) Details of maturity amount not received not even after communicated by letter to issuing authority Manager, CPC, Dhubri



POSTAL LIFE INSURANCE
Policy No AM/59729/UC dt 03/11/03
Date of commencement of risk: 01/10/2003
Sum assured: Rs 5 Lakh
Premium paid: Rs 5.45 Lakh
Maturity Value received: Rs 8.84 Lakh
Date of maturity: 01/10/2015
Cheque received from Postal Authority for Maturity Value on 09/02/16

Sir, as a customer, am I not sufferer ? The maturity value appears to be incorrect as differecnce between money paid & maturity money received is only Rs 3.4 Lakh against sum assured of Rs 5 Lakh for 12 years.

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Complaints

    PARTHA SARATHI PRAMANIK

    Delay in getting PLI maturity value by PARTHA SARATHI PRAMANIK:

    (5 of 5)

    Sir
    Pl go thru following case & see the attachment:
    1) It took 4 months from maturity to final cheque, whereas claim submitted in 1st week after Maturity.
    2) Delay caused financial damage by way of interest, if deposited in savings A/C for delay period.
    3) Details of maturity amount not received not even after communicated by letter to issuing authority Manager, CPC, Dhubri



    POSTAL LIFE INSURANCE
    Policy No AM/59729/UC dt 03/11/03
    Date of commencement of risk: 01/10/2003
    Sum assured: Rs 5 Lakh
    Premium paid: Rs 5.45 Lakh
    Maturity Value received: Rs 8.84 Lakh
    Date of maturity: 01/10/2015
    Cheque received from Postal Authority for Maturity Value on 09/02/16

    Sir, as a customer, am I not sufferer ? I would be obliged if details of maturity value is checked, which appears to be incorrect as differecnce between money paid & maturity money received is only Rs 3.4 Lakh against sum assured of Rs 5 Lakh for 12 years.

    MD Riyazuddin

    Pli surrender money not getting refund by MD Riyazuddin:

    (5 of 5)

    Delay in pli surrender

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    eConsumer Court (Online Upbhokta Forum) take the complaint directly to the escalation team of the company, which has the power to resolve your grievance. We send a well-drafted letter to the company, explaining the details of your complaint along with the inconvenience caused to you. Jago Grahak Jago is specially to help consumers to redress their issues and grievances. We ensure to take quick actions on every complaint filed by the customers. We work hard and tirelessly to resolve the case.