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Last Updated On 12-Apr-2019
Debt and Lending Agreement

LIC Agent cheating

Hi, To renew my LIC policy my LIC agent asked me to send premium due amount in his bank account (as I am in another city) he will deposit and renew my policy immediately as he said he is sitting in LIC only. Now its been more than a week he is making pretances one after another but not depositing in my LIC policy. What legal action can I take against him. I have his whatsapp communication where he shared the policy quotation showing amount due and he shared his cheque book copy for online transfer. And online transfer details are there with me. Please advise! Regards, Khalid Jamal

13-Feb-2018

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A.
dear client This is a fraud committed by agents and even if they do not commit fraud there is a huge risk of not depositing the funds/premium and the policy can expire.It is premature and you can Approach Regional Office of Lic for complaint.
Posted On 12-Apr-2019
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It is premature. Approach Regional Office of Lic.
Posted On 09-Jun-2018
Kishan Dutt Kalaskar
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This is a common from of fraud committed by agents and even if they do not commit fraud there is a huge risk of not depositing the funds/premium and the policy can expire. Hence suggested that you avoid paying through agent's account.
Now in this case you can send a legal notice to that agent and force him to do what is expected to be done by him.
Posted On 14-Feb-2018
Abhimanyu Shandilya Advocate Abhimanyu Shandilya
Abhimanyu Shandilya
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