Legal Question in Investment Law in India
I have invested Rs. 25000/- in LIC Market Plus (single premium) policy in Jan, 2007. At that time, I was allocated 2215.129 units. When I check the same in LIC web site, I found, there is only 2070.683 units in my policy account. That means total 2215.129 - 2070.683 = 144.446 units consumed by the LIC in 5 and half years of time.
On the otherhand, I have not found such deduction from unit allocated to ULIP policies issued by other insurance company.
Is it the rule in LIC India, to consume the basic units allocated?
Asked on 9/25/12, 2:55 am
1 Answer from Attorneys
send mail or letter to the LIC for explination for such deduction....
file a complain in consumer court
Answered on 11/16/12, 11:57 pm
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