I and my wife bought single premium policies from LIC agent who confirmed us that it should be single premium with income tax saving and there will not be any deduction of charges .It can be realized after a year or later. When I contacted agent for realization he informed me that you can wait and get good growth. After two and half year when I forced him to realize the amount he ran away and I went to LIC Branch and shocked that they have deducted 17.5% at booking of policy and deducted other charges also. Agent mischievously change the mode of policy by ticking the different mode so as to get more commission. I went and wrote post to pillar to LIC but they did not do anything and one of their officer mis-behaved with me . I informed higher authority about it but they were also invoved in covering the issue. I have even communicated to MD, Director, CRM office etc. LIC is an eye wash as their agents trap the customers and they get support from the level of Managing Director even. You will be surprised that they are paying me the lesser money than what I paid after 4 years while NAV of the product has become 2.2times .I can produce all details on the request to justify me claim. Deepak Gupta