I had a very worst experience with LIC. I bought a policy for premium of Rs 30000 which was to be deposited in three installments. I deposited all the 3 installments and after two years I was told that due to some reasons this scheme was closed and I will get refund in some days. Then I got a refund of Rs26000 after 5 years of purchase of policy????. When I enquired their zonal office they said you can go to court we cant help you. Then we filed a case in consumer court and won also