Dear Sir/Madam, My mother, Late Smt. Jumana Devi, held a Jeevan Anand policy (No. 331636451) with a sum assured of Rs. 1 lakh for the past 11 years. We paid 10 premiums totaling Rs. 140,000/-. Upon her passing, we received a claim of Rs. 139,000/- which was less than the total premiums paid. When I spoke to the LIC CRM Manager, they claimed the claim was calculated correctly, including the sum assured, bonus, and other benefits. They also stated that any legal challenge would likely favor LIC. Should I pursue legal action against LIC? If so, could you provide me with any recent court judgments or case numbers related to similar situations? Thank you for your time and guidance.

Apni Law
Apni Law
Law Forum › Category: Insurance › Dear Sir/Madam,

My mother, Late Smt. Jumana Devi, held a Jeevan Anand policy (No. 331636451) with a sum assured of Rs. 1 lakh for the past 11 years. We paid 10 premiums totaling Rs. 140,000/-. Upon her passing, we received a claim of Rs. 139,000/- which was less than the total premiums paid. When I spoke to the LIC CRM Manager, they claimed the claim was calculated correctly, including the sum assured, bonus, and other benefits. They also stated that any legal challenge would likely favor LIC.

Should I pursue legal action against LIC? If so, could you provide me with any recent court judgments or case numbers related to similar situations?

Thank you for your time and guidance.

Vote Up
430
Vote Down
Apni Law Staff asked 2 years ago

Dear Sir/Madam,

My mother, Late Smt. Jumana Devi, held a Jeevan Anand policy (No. 331636451) with a sum assured of Rs. 1 lakh for the past 11 years. We paid 10 premiums totaling Rs. 140,000/-. Upon her passing, we received a claim of Rs. 139,000/- which was less than the total premiums paid. When I spoke to the LIC CRM Manager, they claimed the claim was calculated correctly, including the sum assured, bonus, and other benefits. They also stated that any legal challenge would likely favor LIC.

Should I pursue legal action against LIC? If so, could you provide me with any recent court judgments or case numbers related to similar situations?

Thank you for your time and guidance.

1 Answers
Vote Up
23
Vote Down

Best Answer

Apni Law Staff answered 2 years ago

Based on the information provided, pursuing legal action against LIC might be worth considering. You should consult a lawyer specializing in insurance law to review the policy terms, claim calculation details, and relevant court judgments. Recent case laws regarding insurance claims can be accessed through legal databases or by seeking advice from a legal professional.

You Might Also Like

My father has a health insurance policy where I’m the primary insured. I paid the premium in August and filed a reimbursement claim. The insurance company asked for hospital and doctor documents, but they didn’t authorize a home visit. However, someone from their TPA visited my house without permission and asked my elderly parents for documents. Can I take legal action against the insurance company for this unauthorized visit, and if so, how?

I’ve lost my phone and I’m not sure which police station section I should file a report at. Could you guide me?

I had an accident at home that landed me in the hospital. My company knew about it, but after asking for documents, they rejected my claim. The insurance ombudsman helped, but I only got Rs. 9,000/- out of a total of Rs. 50,000/- spent. Should I file a consumer complaint? What else can I do?

My close friend recently passed away due to suicide. I’m wondering if their group life insurance from their company and their individual life insurance policy would cover this. I can share more details about the policies. Are there any specific things I should be aware of in this situation?

My family and I have medical insurance from Mediassist, provided by my employer Hewlett Packard Enterprise in Bangalore. We have a son (8) and a daughter (2), and my wife is expecting our third child. I’ve used maternity benefits only once before, for my daughter, and the policy clearly states a maximum of two claims per employee. Despite this, Mediassist is refusing to cover my wife’s upcoming maternity costs, saying it’s my third child. I’ve paid all premiums and have a top-up policy with an 8 lakh limit. What options do I have to challenge this decision from Mediassist?

Share This Article
Previous Article My former company is deducting my final salary for training expenses, even though there was no written agreement about this.
Next Article My wife has filed a dowry harassment case against me, accusing me of accepting money from her mother before our marriage. She claims this was a dowry, but we actually used 1.5 lakhs of it to buy her gold, which we have receipts for. Can I argue that this was a gift and avoid conviction? My wife’s mother has been demanding a lot from us, especially since our child’s birth. She even stayed with my wife for 5 months before the baby was born, putting a lot of pressure on us. My wife also shared some things with me over WhatsApp, can those be used as evidence in court? Will she face any consequences for her accusations? We are a middle-class family and her mother’s demands have been very stressful. What steps can we take against them?

Follow US

Find US on Social Medias
Popular News
- Advertisement -
- Advertisement -
Ad imageAd image

📢 Stay Connected!

Join our community on Telegram and WhatsApp for instant updates, news, and exclusive offers.