I HAVE 1 LIC POLICY

Posted: Wed Mar 26, 2008 11:29 pm Post Subject:

WHAT??????????? no one is going to help you get any money...if that is what you are asking???? if there is an insurance question in there some where...have someone help you phrase it better so we can understand what on earth you are asking...

Posted: Thu Mar 27, 2008 06:46 am Post Subject: Trying to explaining a bit..

Hi Lori...since I've indian ancestors...might be I could just try & rephrase it somehow :)

I believe the problem is somewhat like this-

This gentleman had a life insurance policy (with the LIC) which has recently lapsed after covering for its 6 years-term. His coverage was worth 1,00,000 in indian rupees (indian-currency). He was supposed to pay some Rs 3164 worth of easy-monthly-instalments after every 3 months. He could just pay 5 of them, since he was in bed for a long time after meeting with an accident. Now, once it lapsed in 2007, LIC has expressed their desire to reimburse him only after he pays his deficit worth Rs 24000. He does not have that money, which he needs since his mother is not too well. He wants to be helped & guided in this regard.

Now, I'd request Mahesh to help me rectify if I got it wrong somewhere!

But, what I did not get from the above post is - why on earth his life insurance policy would pay him now that he is not dead within the coverage period? (No where did he mention that the cash-value has matured)
With the level of comprehension he shows up, I have this feeling that it might just be that he wants LIC to renew his coverage (which they feel won't be possible unless he pays a certain amount)!

See, if you have a different vision in this regard,
Regards, ArindamSenIndies

Posted: Thu Mar 27, 2008 10:00 am Post Subject:

Much obliged ArindamSenIndies for the translation! :) I'll leave it to you to advise the OP....I'm with you though, if it is a death benefit, there would be no payment until, well there is a death....could it be that if he doesn't pay it and it lapsed then to reinstate it would be either impossible or cost a lot more?

I'd say the OP needs to talk with all his friends and family in an attempt to gather the funds he needs...

Thanks again ArindamSenIndies

Posted: Thu Mar 27, 2008 10:04 am Post Subject: WANT TO SLOVE THE LIC PROBLEM

HAS I HAVE MENTION MY POLICY WAS FOR5 YEAR WICH SATRTED FORM2002YEAR . AND I DONT WANT TO RENEW THE POLICY I JUST WANT MY MONEY BACK HOW CAN ANY ONE CAN JUST TAKE OF ANY ONES MONEY & HOW CAN EXPREES YOU IN WORDS THAT HOW MUCH I NEED THE MONEY IN THIS CONDITSION THER IS ALSO A DUE DATE FOR ME GIVE MONEY FOR MY MOM ITS UPTO 5APRIL & THE DATE IS JUST GOING TO COME SO HELEP ME GIVE ME SOME WAY FOR THIS

Posted: Thu Mar 27, 2008 10:23 am Post Subject:

Rode honey, are you wanting the insurance company to give you back the money you paid is that it?

ArindamSenIndies, gonna need you to help please...again........... :wink:

Posted: Thu Mar 27, 2008 10:37 am Post Subject: Please explain what you want from them?

Hi all,

Truly helpless at this one.. :)

Rode honey, are you wanting the insurance company to give you back the money you paid is that it?

Posted: Fri Mar 28, 2008 11:10 am Post Subject: ABOUT POLICY

YES I WANT MY MONEY BACK IT MENS 5EMIOF3164=15,820+THEBONUS2008=17828RUPEES
OR IF IS THER IS ANY BUYER FOR MY POLICY THAN JUST PLES TELL ME

Posted: Fri Mar 28, 2008 11:15 am Post Subject:

ArindamSenIndies :shock: HEEEEEEEEEEEEELLLLLLLLLLLLLLLLLLLLPPPPPPPPP! :shock: I don't get it... :wink: you are so kind ArindamSenIndies could you please help this poster?

Posted: Sat Mar 29, 2008 04:59 am Post Subject:

Posted: Sat Mar 29, 2008 05:00 am Post Subject: