Hi guys I have take new Jeevan Anand policy from agent name called Yoganand stay in Nagarbhavi Bangalore for the amount of 150000 per year for term 16 years and he stays near my home and he explained the policy but not in detail.
I believed him and gave him all the details by filling application and signed it but I did not filled the policy name and premium amount and premium duration.
When I got the policy evening seems so I was quit but after 6 month Agent remembering me saying that you need to pay premium.
I Argued with him but when I saw the policy it was half yearly . Agent has filled the application half yearly
He explained like this
Your premium=16*150000=24, 00, 000
Sum Assured amount=40, 00, 000
Nominee also get 20, 00, 000 of insurance after maturity
After knowing that agent has cheated me I personally called to LIC customer care they explained the policy which I was taken as below
Your premium=16*300000=48, 00, 000
Sum Assured amount=40, 00, 000
Nominee also get 20, 00, 000 of insurance after maturity
So what is need of taking policy when they are paying me less then what I payee. Then I decided to withdraw the policy but as per jeevn anand terms and condition they will not pay money to us.Agent thought that any how I will continue with policy other wise I suffer lose of 150000. but I decide not continue with it, now I suffered lose of RS 150000 because I believed in agent.
Customer support guys also informed that because of commission agent will fill the application by there own and they did not care who as filled the application finally they will see the signature on the application so Applicant should take care of it.My suggestion to all Not to take any policy through agents if they are explained its not 100% sure its only there benefits.
Please get in touch with the office or insurance provider before taking it
Please ensure before taking policy:
Double check the term and condition
Never believe in the agents
Reviews comments
Do the signature on the filled application form only.
Never go for higher premium amount limit it for MAX 50, 000
All the LIC agents are richer people then us and they don’t know about financial planning, there strategy to make more commission. Jeevan Anand is Anand for the agents. As per my opinion LIC is worst policy maker go for government like SBI life insurance which has some securities
Thanks,
Modi