LIC Jeevan Saral ATM plan, jeevan aarogya free. Sounds too good to be true.

[suresh9859]

"Please do not go for this plan. Its a complete fraud by LIC and lot of false commitments are given by LIC agents on this plan because they get the highest commission for this. I was completely blinded by the false commitments and the policy turned out to be completely different. You will not get any health cover with this plan which is falsely told by agents.

LIC itself is a bad concern to invest for general insurance and other investment plans because they wont respond to your calls neither do they tell you your fund value nor will they provide your any assistance. This is all from my personal experience. Go for LIC only if you want a death cover and please be aware that the agents don't cheat you.

Not even a single agent can tell you clearly what is the return on this policy after 15 years. Even private insurance agencies don't suggest this policy due to hidden terms and conditions. In fact I have not received my policy documents even after 60 days and I had taken my policy is Mumbai but they are registered in Delhi office which means I have go to Delhi office for any communication as LIC does not have Online transaction support.

This is not just one experience, two of my other friends who had taken this policy is also facing the same issues. I took 2 policies by mistake and still repenting for it. Even ombudsman officer told me whey did I invest in this Policy without knowing the inbuilt fraudulent conditions. LIC will respond only to IRDA complaint that they reply very diplomatically"