LIC, which stands for Life Insurance Corporation, has been involved in wrongful practices for several years, one specific case highlighted is that of Deepak Kothari from Maharashtra. Deepak had a LIC Jeevan Saral policy that reached maturity, indicating that the policy term had ended, and it was time for him to receive the payout. According to the terms of his policy, Deepak was supposed to receive an amount of 25 lakh rupees in exchange for the premiums he had paid, which amounted to 11 lakh rupees.
However, when Deepak eagerly awaited his payout, he was shocked to receive only 5 lakh 62 thousand rupees. This significant discrepancy between the promised payout and the actual amount received left Deepak frustrated and dissatisfied with LIC’s services. Consequently, he decided to take the matter to the Maharashtra Commission, seeking justice and a resolution to the issue.
During the proceedings, LIC attempted to justify the lower payout by claiming a typing error had occurred on their end. They argued that due to this error, they could not refund the additional amount owed to Deepak. However, the Maharashtra Commission challenged LIC’s explanation, questioning whether it took them 12 years, the duration of the policy, to realize the typing mistake. Ultimately, the Commission ruled in favor of Deepak, instructing LIC to pay him the remaining 35 lakh rupees he was rightfully owed.
This case sheds light on the predicament faced by millions of Jeevan Saral policyholders in India. These policyholders have experienced similar issues with LIC, where they have not received their premiums back for various reasons provided by LIC. It is implied that such policies, including endowment policies, often offer insurance benefits in name only, as the returns they generate are considerably lower than those offered by fixed deposits.
The premiums paid by policyholders and the commissions received by agents are disproportionately high compared to the returns provided by these policies. This highlights the need for individuals to reconsider their approach to insurance and instead consider investing in proper term insurance plans that offer more favorable returns and coverage.
be cautious and not expect significant returns from traditional insurance plans. Instead, they encourage individuals to opt for term insurance plans that provide better value for money. The speaker acknowledges that they have created a video highlighting these concerns, but it is up to the audience to disseminate this information to the appropriate individuals and ensure that awareness is raised.
Bhai typology error is a clerical error.. Ye har policy pe ho aisa jruri nai.. Ye koi scam nai hai.. Aise YouTuber public ko misguide krte hai.. Views ke liye.. Lic kbhi kisi ka claim nai rokta aur 1 week pe claim settlement krta hai..
How much commission take from private companies for this wrong information spread… 31 products in lic… jeevan saral is term insurance plan…Without knowledge how invest to big amount. Its fake video… you misguide the public.
Bhai baki ke company ka bhi btao Aur kya term plan lene ke but agar Insan jyada Jinda Raha To kya hoga aur handicapped agar Ho Gaya aur uske Parivar ka kharcha Kaun chalayega???
Abhi mere pass bahut sare private company ke log bhi Aaye hue the jinko lockdown mein claim nahin mile Uska Kya
Aur Jeevan saral policy ke feature ke bare mein aapko Kitna pata hai
Are India infrastructure development ke liye Jo LIC support kar rahi hai vah bhi video Banakar sabko bataiye
LIC ne kabhi bhi kisike saath galat nahi kiya. That is why it's the No.1 Insurance Company. Lekin kudrat ne tere saath bohot galat kiya hai ! Tujhe proteins ki bohot jaroorat hai, pehle apne aap pe dhyan de nahi toh agli video banane tak tu viluptt hone ke chances jyada hai. And yes, u dont need LIC policy at all, u just need blessings and a lot of proteins and vitamins. Take care😂
STFU!!! Every insurance company give a month to correct every detail even if anything mistyped by officers that's customer negligence to not study every detail in bond
Haathi chale bazaar kutte bhaunke hazaar. 5 rupaye chanda lekar youtube pe views banane wale kale kaue tere baap ne tere liye LIC karai hoti to kuch dhang ka kaam kar raha hota😂
Ye video Private life insurer banwate hai to overtake the buisness of lic. Remember one thing private company is owned by foreign investor like china and all..
@RiyaRathore-xq5tn
Me bhi ek lic agent kon mere se bima karana chata hai ji
@DEVENDER400
सबसे पहले आपको नमस्कार । आपको पूरा ज्ञान नहीं है lic के प्लान का तो लोगो को बेवकूफ न बनाए❤
@unknownman2365
Jutha msg mat felao
@worldofshorts01
Bhai typology error is a clerical error.. Ye har policy pe ho aisa jruri nai.. Ye koi scam nai hai.. Aise YouTuber public ko misguide krte hai.. Views ke liye.. Lic kbhi kisi ka claim nai rokta aur 1 week pe claim settlement krta hai..
@RatulDebnath-d1i
Lic jeevan utsav, jevan umang best plan
@Truth.77532
Only returns wala sceme hi lena
@6a09darshshetty4
Wrong statement
@dr.padmavathi5437
How much commission take from private companies for this wrong information spread… 31 products in lic… jeevan saral is term insurance plan…Without knowledge how invest to big amount. Its fake video… you misguide the public.
@ManojMandal-h5j
Fake ha ye
@parasgupta7892
Naukri sabko sarkari chahiye par insurance private 😂
@loanFreeEducation
Bhai baki ke company ka bhi btao
Aur kya term plan lene ke but agar Insan jyada Jinda Raha
To kya hoga aur handicapped agar Ho Gaya aur uske Parivar ka kharcha Kaun chalayega???
Abhi mere pass bahut sare private company ke log bhi Aaye hue the jinko lockdown mein claim nahin mile
Uska Kya
Aur Jeevan saral policy ke feature ke bare mein aapko Kitna pata hai
Are India infrastructure development ke liye Jo LIC support kar rahi hai vah bhi video Banakar sabko bataiye
@kamleshtakalikar385
LIC ne kabhi bhi kisike saath galat nahi kiya. That is why it's the No.1 Insurance Company.
Lekin kudrat ne tere saath bohot galat kiya hai !
Tujhe proteins ki bohot jaroorat hai, pehle apne aap pe dhyan de nahi toh agli video banane tak tu viluptt hone ke chances jyada hai.
And yes, u dont need LIC policy at all, u just need blessings and a lot of proteins and vitamins.
Take care😂
@IshwerDewasi-j2h
Aap ko kitne paise diye term insurance valobne
@talkinsider
How much you lost or getting profit by making videos.
@Angleos41
Pehle apni health dekh lagta hai tera mind bhi health par gaya hai narrow minded person
LIC best tha hai or rahega
@mr.amitkumardas.9683
Stupid ..
@PriyaPretty-c6t
Is lic conducted exams also fraud?
@Navpreet-y8x
STFU!!! Every insurance company give a month to correct every detail even if anything mistyped by officers that's customer negligence to not study every detail in bond
@deepakrajore2038
Chutiye high return aata hai.
@deepakrajore2038
Private company se paise khakar video bana raha hai
@abhijitsaha409
LIC cheating hai , lic mat karo , kuch vi karo
@SeemaDevi-q1s7d
Tu khoon hai abhe kale kutthye
@saurabhlakshya
Nice video exposing lic
@abhyuday238
WRONG INFORMATIONS.
@MehulKapadiya-j1u
Please mention news paper name and it's cutting
@amolfutane3858
गलत विडिओ, मेरे पास भी जीवन सरल पाॅलिसी है तो उसमे अच्छा रिटर्न मिला है। गलत जानकारी दे रहा है
@jinw0_069
Lic chor
@sureshsahoos.s4555
Fake news
@JayMaharashtra9407
Lic policy policy false selling via illegal private Benefit illustration software company
App Name
1) Shine TAB
Shine gro
Shine brand
(Company owner Dinesh Bhenki Pandharpur Solapur urf Aditya Shirke Vasai Mumbai)
2.5 lac lic agents user
2) Perfect app
(Company owner Chaudhari NOIDA city)
6 lac lic agents user
3) leader app
2 lac users
4) smart all in one app
5) Articulate Mitra app
Different 15 lic illegal apps are working in the market
LIC IRDA INDIAN GOVERNMENT not taken action against these fraud apps
@DHEERAJSHARMA-h7t
Tu pehle jaake school pad le
@dharmanrajan4426
Lic is a gaint cheater
@nikzzzzable
Haathi chale bazaar kutte bhaunke hazaar. 5 rupaye chanda lekar youtube pe views banane wale kale kaue tere baap ne tere liye LIC karai hoti to kuch dhang ka kaam kar raha hota😂
@MrSamarthsharma
Ye video Private life insurer banwate hai to overtake the buisness of lic. Remember one thing private company is owned by foreign investor like china and all..
@sanjaydutta211
Whatever you say but LIC is best insurance company
@jaduikalin7138
Muth marke patla ho gaya he tujhe kon insurance diya😂
@Anandsahu900
fake information…..11 lakh premium ke badle 5 lakh ka provision .??
@rahulrajput8446
Aap pagal ho
@durgakumari21000
Fack video , ye tho bas service ka ek type hai isme only fyada hua hai mene khud ispe invest karke dekha hai