Can we complaint against insurance agent?

The aggrieved policyholder can make a complaint to the Grievance Redressal Cell of the Consumer Affairs Department of IRDA. This can be done by calling a toll free number 155255 (or) 1800 4254 732. Alternatively an email can be sent to [email protected].

How can I change my LIC agent?

No, you cannot change your LIC agent. Basically, LIC agent is a salesman who just acts as an intermediate between the customer and LIC of India. Once the plan is sold by the agent to the customer, you are only a customer for the LIC of India and the agent has no liability to you.

Do LIC agents get gratuity?

Under the existing rules, an LIC agent gets Rs 1 lakh as gratuity on leaving the service after 15 years. On an average, an agent gets 35 per cent commission on the premium sold and 2 per cent on single premium policies.

How can I complain about LIC agent?

Steps to register complaint online. Update your profile, once user id is created. After logging in with your user id, Click on ‘Register complaints’ on the home page. Click here for logging in. Complete the complaint registration form.

How do you write a complaint letter to an insurance company?

Write Your Letter Step-by-Step

1. Write Your Letter Step-by-Step. Give all the relevant facts concerning the claim.
2. Refer to any documents that will help substantiate your position.
3. Include a specific request for action you feel will correct the situation.
4. Close the letter with an expression of hope or confidence.

What happens if LIC agent dies?

In case of agent’s death while his agency subsists, after agency was in force for two years or over, renewal commission will continue to be payable to his heirs or nominee provided there was a business of not less than Rs. 1 lakh in force at the time of death.

Can I remove my LIC agent?

There is no need and no provision to change your LIC agent, as there is no contract between you and an LIC agent. As far as a policyholder is concerned, the contract is with insurance company. You have to contact concerned LIC office or nearby LIC office for specific details.

Is there any target for LIC agent?

An LIC agent is required to sell minimum 12 policies per year, and if he fails to achieve this, he has an option to complete the target in another one year. But in the third year, if he fails to get 36 policies, his registration gets cancelled.

What is the customer care number of LIC?

+91 22 6827 6827
LIC Call Centre Services are now available 24*7 at phone number +91 22 6827 6827.

How do I file a complaint against an LIC agent?

Yes, you can file a complaint against LIC agent at LIC official website where they have a option of Help desk. Where you can easily file a complaint against that agent regards to the issue. You can also raise your issue against the Agent on their Official Twitter Account as they have a very quick response over the Social media platforms.

What is the fastest way to lodge a complaint in LIC?

Fastest way is to lodge a complain with Branch Manager. A visit and discussion across the table is always shortest way of redressing a grievance. Else, LIC’s whole hierarchy is there. Right from Sr Divisional Manager to Chairman. You may find mail id in LIC diary or site.

What is the commission paid to LIC agents?

Commission is paid to LIC agents depending upon the plan (type of policy) they sold and the term of the policy. However the commission continues till the premium is being paid by the policy holder. If the premium payment is stopped by any reason, no commission is paid.

How to register LIC policy online?

Register on LIC’s website. First go to LIC’s website licindia.in and complete the registration. For this, you need to have your policy number, date of birth and instalment premium details and email Id with you. You will get an email from LIC on successful registration. Enrol Policy/Add Policy. Login with your credentials (User ID and Password).