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Company pays survival benefit after policy holder threatens suicide

In a scene straight out of a film, a policy holder with the Life Insurance Corporation of India (LIC) has claimed that he was paid survival benefit only after he threatened to commit suicide in the branch manager's cabin, here in Barnala, on Friday.

Updated on: Feb 01, 2014 08:22 PM IST
Hindustan Times | By , Barnala
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In a scene straight out of a film, a policy holder with the Life Insurance Corporation of India (LIC) has claimed that he was paid survival benefit only after he threatened to commit suicide in the branch manager's cabin, here in Barnala, on Friday.

HT Image
HT Image


Singh, a street vendor dealing in scrap, has alleged harassment by officials for over two months, though he did have to complete certain formalities due to a change in name.

"I was being asked to visit repeatedly. For each of my visits, I was forced to forego my wages.

Sometimes, I was told to visit after a week. This line was also repeated by the branch manager. I lost my cool and asked one of my cousins to bring petrol to self-immolate."

He claimed that even as he was aware that threatening suicide was wrong, he was forced to do so by the LIC.

Singh's friend, Amandeep Garg, an advocate, claimed, "The cheque is dated January 24. It clearly shows that LIC officials were holding the cheque deliberately. If a policy holder delays premium payment even by a day, LIC charges interest for the entire month."

 
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