Petition Closed

Get your LIC policy money back

This petition had 17 supporters

Lots of people have been associated with their organizations super annuation policy for years. The money is used to buy annuities (mostly from LIC). Now these senior citizens are forced to submit life certificate every 2/3/4 years and also go through tremendous hassles in case of any changes. Most requests are referred to the trustees of the erstwhile organisation (if they even exist today), and no visibility of any resolutions. My request is that these people are allowed to withdraw the principal amount after say 5/10 years as their requirements may have changed. 

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