- Policy Name
- New Jeevan Anand (Plan-815)
- Company Name
- LIC of India Khammam Branch
- Loss Amount
- 2100000
- Ratings
- Opposite Party Address
- LIC of India, Khammam Branch 653
11-10559/A/2,, Opp Sri Laxmi Narasimha Swamy Gutta, Uttara Dwaram,, Khammam, Telangana 507002
ICICI bank
IFSC Code: ICIC0000684
ICICI Bank Ltd., 51/186/1, Swarna Palace, Wyra Road, Khammam, - 507002, Khammam, Telangana, 507002
Agent Details:
Chowdavarapu Tilak
S/o Keshava Rao
H.No: 5-5-189/317/1
Mustafa Nagar, Khammam 507001
I am a policyholder of Life Insurance Corporation of India. Without my knowledge, consent, or authorization, a loan was fraudulently created against my LIC policy. The loan amount was disbursed into a bank account fraudulently opened in my name with ICICI Bank. I was residing outside India at the relevant time and did not apply for any loan, sign any loan documents, or authorize any bank account.
Due to this fraudulent act, my policy status has been adversely affected, and I have suffered financial loss, mental agony, and reputational harm. The acts indicate serious collusion, negligence, and misuse of my personal documents by agents or employees of LIC and or ICICI Bank.
Accordingly, I seek the following reliefs:
Immediate detachment and cancellation of the fraudulently created loan from my LIC policy, treating the loan as null and void.
Restoration and regularization of my LIC policy to its original status, without imposing any penalty, interest, charges, or adverse remarks, as the default arose solely due to fraud.
Issuance and delivery of the original LIC policy bond to me, as the same was never lawfully surrendered or pledged by me.
A detailed internal investigation by LIC and ICICI Bank to identify the agents, employees, or third parties involved in the fraudulent loan processing and fake bank account opening.
Strict disciplinary and legal action against all agents, officials, or employees found involved or negligent in the matter, including reporting the misconduct to regulatory and law enforcement authorities.
Written confirmation from LIC and ICICI Bank acknowledging the fraud and confirming that no liability shall be fastened on me for the said loan or transactions.
Compensation for financial loss, mental harassment, and deficiency in service caused due to gross negligence and fraudulent actions.
I request urgent redressal of this grievance and a reasoned written response within the stipulated time under applicable laws and regulations.
Due to this fraudulent act, my policy status has been adversely affected, and I have suffered financial loss, mental agony, and reputational harm. The acts indicate serious collusion, negligence, and misuse of my personal documents by agents or employees of LIC and or ICICI Bank.
Accordingly, I seek the following reliefs:
Immediate detachment and cancellation of the fraudulently created loan from my LIC policy, treating the loan as null and void.
Restoration and regularization of my LIC policy to its original status, without imposing any penalty, interest, charges, or adverse remarks, as the default arose solely due to fraud.
Issuance and delivery of the original LIC policy bond to me, as the same was never lawfully surrendered or pledged by me.
A detailed internal investigation by LIC and ICICI Bank to identify the agents, employees, or third parties involved in the fraudulent loan processing and fake bank account opening.
Strict disciplinary and legal action against all agents, officials, or employees found involved or negligent in the matter, including reporting the misconduct to regulatory and law enforcement authorities.
Written confirmation from LIC and ICICI Bank acknowledging the fraud and confirming that no liability shall be fastened on me for the said loan or transactions.
Compensation for financial loss, mental harassment, and deficiency in service caused due to gross negligence and fraudulent actions.
I request urgent redressal of this grievance and a reasoned written response within the stipulated time under applicable laws and regulations.