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LIC Jeevan Anand Jeevan Saral Not Approved From IRDA !
 
  India RTI News  
  24 Oct 2013  
 
 
     
   
   
   
   
   
   
   
   
   
 

LIC Jeevan  Anand Plan is really approved from IRDA?  We have got the last correspondence letter  between IRDA and LIC. The letter issued by IRDA dated 17 Jan 2002 asked LIC to comply insurance act 1938 in all matter . IRDA also allowed LIC to launch the product in market, but IRDA never confirmed that LIC has made changes as per insurance act 1938 or not. If the act was not comply  then why IRDA allowed to launch the product?  Who will be responsible for miss selling of this product since 2002?

LIC has not responded for our 100% product approval certificate complying insurance act in all matter .
A PIL is pending at Bombay High Court against IRDA for selling insurance product without IRDA approval certificate. LIC should come forward for customer interest for their hard earned money.

 

 

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