I have invested Rs:10,000 in LIC Market Plus,Growth Fund,Plan no:181, policy number :836090586. I filled up proposal form in SINGLE PREMIUM and B.O. office has entered plan as MULTIPLE PREMIUM. This I came to know after 2 years when i approached B.O. office to know SURRENDER VALUE. They said my policy is under RED.PAID-UP and policy is under YEARLY mode.

I have shown the proposal form which was filled by my agent and presented to them. According to that they have accepted that as per your proposal policy should be under SINGLE PREMIUM. But B.O. office has not taken any steps till now. They are not replying to any of my mails which are send to LIC official mail address of CRM.

I am tired now and stooped all investment in LIC and telling all my friends/relatives not to invest money in LIC. I don't trust LIC now. Neither they are informing present NAV value nor informing about due amount.

I have very good experience with Reliace ULIP plan. They are sending statement every 6 months and i am aware what is NAV of my investment.

I have submitted written application to below address and send many mails 'crm_ahmedabad@licindia.com' but still not getting any reply.

Branch Manger,
Life Insurance Corporation of India,
C.B.O. number 14/83Z,
Jeevan Prakash Building,
Relief Road,
Ahmedabad.

Can anybody help me?

Dear himanshu,
For your kind information I want to inform you that LIC MARKET PLUS is a 5 years term policy. In it you have to pay the premium for 5 years in yearly mode. BO is giving you the right information. but I think that the agent did not told you the right information.contact to your agent.

Hi,
i purchased LIC Market plus 181 in the year 2008 POLICY NO. 234268472, Agent told me its a single premium policy,i invested Rs. 20000. Today when i see my status online it says accrued balance zero and sum assured zero. I dont understand what does that mean? and if i can make more payments now or if should close the policy.

Please clarify the doubts.