LIC market plus fraud – They are not giving promised Returns ?

POSTED BY amitghanghas95 ON April 3, 2014 8:30 pm ONE COMMENT

sir/madam,

I am AMIT GHANGAS, 18 , few years back my mother KRISHNA DEVI(she in not educated), 44, invest Rs. 50,000/- in LIC MARKET PLUS policy in Feb. 2008 . At that time they claim an advertisement that till the END OF SPECIFIC YEAR you would get a particular amount according to which at the end of 2013 you will get Rs. 15,36,670/-  . Now I ask her to withdraw this amount but they(LIC) are saying that you will only get Rs. 62,000/-

Please advice me what should we do.

One reply on this article “LIC market plus fraud – They are not giving promised Returns ?”

  1. ashalanshu says:

    Dear Amit, the policy in question is a market linked product and your mother has been taken for a ride by her insurance agent. Either continue in the plan or redeem and invest elsewhere.

    Thanks

    Ashal

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