by MAHESH M RODE » Wed Mar 26, 2008 11:32 am
I HAVE 1 LIC POLICY WICH IS BEEN SLAPED IT WAS OF ONE LACK MYEMI WAS 3164 AFTER AVREY 3 MONTH I PAID 5 EMI BUT DUE TO ACCIDENT I WAS ON THE BED REST I SATRED LIC BACK 6 YEAR NOW IN 2007 MY LIC DURATION WAS COPLITDE BUT WHEN I GON TO LIC THEY TOLD ME PAIY 24000 & THEN ONLY I GET MY MONEY BUT THE FAICT IS I DONT HAVE TAHT MUCH MONEY & I NEED THAT MONEY VERY MUCH FOR MY MUMY PLEASE HLEP ME TO GET THAT MONEY
Posted: Sat Mar 29, 2008 05:00 am Post Subject:
Posted: Sat Mar 29, 2008 05:00 am Post Subject: I'm a wealthy man ..now ofcrs..
Hi Lori,
you are so kind ArindamSenIndies
Someone surfing this site was trying to tease me- "Is it luv!!" (He enquired
:D )
I could just say- 'I'd rather take it as a compliment'..& that its worth being Lori's fan (if she'd mind loving.. :wink: ) since I'd end up a wealthy man in terms of insurance knowledge :lol:
Hence, I'd still feel that you'd be able to think better & help better-
when I tell you that this gentleman wants all his premiums back or the death-benefit on a pro-rata basis. Is this at all possible under any circumstances? What do ya think?
Regards,
ArindamSenIndies
Posted: Sat Mar 29, 2008 05:18 am Post Subject: Enquire..& come bk!!
Dear Mahesh,
Its true...that I'd been to India..& w'd still run to-n-fro!
Still, before commenting any further, I'd like you to go through my article -'Life Settlement options for you' & also know more about the selling of insurance.
Once, you've done a fair bit of research on this process, only then may be you could call on your claims-division & enquire about such a possibility!
I truly believe, the insurance operations in developing nations are somewhat restricted within a certain segment of the society (even though countries like India do have a huge chunk of their population yet uninsured or under-insured).
Once you go through your policy norms & know the vision of your carrier (LIC) regarding this reimbursement (any further), please get back to us!
Thanks, ArindamSenIndies
Posted: Sat Mar 29, 2008 10:51 am Post Subject:
yes of course ArindamSenIndies, it was a compliment...
Cannot the OP simply call up this company and request a refund if that is what they are wanting?
Posted: Sat Mar 29, 2008 11:28 am Post Subject: QREY
YES I HAVE REDOUT LIFE SETTLEMENT OPTIONS
SO NOW WHAT SHOULD I DO NOW HOW CAN I GET MY MONEY
Posted: Fri Jun 27, 2008 11:01 am Post Subject: RENEWAL OF LIC PLICY - 611433507
I HAVE A POLICY NO. 611433507 STARTED FROM 14-01-1995. BUT, FROM PAST ONE YEAR I HAVE NOT PAID THE PREMIUM AMOUNT. I WOULD LIKE TO CONTINUE NOW. PLEASE TELL ME THE PROCEEDURE.
THANK YOU,
Posted: Fri Jun 27, 2008 11:15 am Post Subject:
M. BABU GANESH, you are on the wrong site for this information, you will need to contact the insurance company that issued the policy directly...this is a forum to discuss 'general' insurance questions...NOT specfic policys...sorry we are unable to assist you with this type of query.
Posted: Fri Jun 27, 2008 01:15 pm Post Subject:
I WOULD LIKE TO CONTINUE NOW.
Well..there are a lot of insurance co.s who have policies which would allow you to continue now..but some may require you to sign up afresh & this time it might need more in terms of premiums..
Posted: Sun Apr 12, 2009 11:21 am Post Subject: hi
you have to pay the the remaining amount as it is of emi, means the money you have not paid to lic which is in the contract. without paying ypu cant get any thing so arrange the money and clear your amount this is the only way
Posted: Wed Apr 15, 2009 12:34 pm Post Subject:
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.
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