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L RAMSANKAR (ADVOCATE)     27 November 2018

Loan against lic defaulter

Dear expert, my client facing problem that he availed loan Rs.1,00,000/-from lic of india 10 years back. but so far he didn't pay any dues and interest. but my client had paid lic premium regularly. but lic of india asked my client to pay loan amt with interest 2,00,000/-so my client can get any exemption for paying interest.


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 3 Replies

Adv Deepak Joshi +917017821512 (Advocate)     27 November 2018

Dear querist,

 

No there is not relief for you client as loan and payment of premium are two different things.

 

Regards

Deepak Joshi & Associates

Djaa.legal@gmail.com

Mb/whatsapp +919456777600

Kumar Doab (FIN)     30 November 2018

For settlement approach LIC.

Settlement is otherwise adverse entry and affects credit worthiness of borrower/defaulter.

Kumar Doab (FIN)     30 November 2018

You may check if LIC policy(ies) were declared to LIC 

Or LIC want to appropriate debt from payouts.


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