Hello friends I want to share my personal experience of using LIC insurance services. actually my father bought 3 insurance policies in 2005 worth rupees 1.5 lacs each. the agent committed that these policies will be mature in 5 years and you will get double returns in 2010. my father bought three policies instantly without thinking.
we paid all the installments on time but the agent was not responding effectively. actually this policy was based on share market risks but the agent didn’t told us about. he was thinking about his commission money.
in april 2010 we decided to open and claim the money of all policies. but when we saw the results we were totally shocked. actually it was only 9000 additional returns was there. actually we got 1.58 lac rupees on 1.50 lac rupees in five years.
we will never suggest anyone to use LIC services. they are fake and fraud people.