LIC issued advisory : Beware of fraud in the name of insurance policy, LIC issued advisory, said- customers should not fall prey to this wrong offer

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LIC issued advisory : Beware of fraud in the name of insurance policy, LIC issued advisory, said- customers should not fall prey to this wrong offer
LIC issued advisory : Beware of fraud in the name of insurance policy, LIC issued advisory, said- customers should not fall prey to this wrong offer

Many such reports have surfaced across the country in which people are being lured to buy their existing LIC insurance policies by promising good amounts. LIC has clarified its position on this matter.

Life Insurance Corporation of India has crores of policyholders across the country. In the interest of all these customers, LIC has issued an important warning. Life Insurance Corporation of India has alerted its policyholders about unauthorized transactions related to their insurance policies.

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Actually, this advisory has been issued after reports surfaced, which said that some companies want to acquire policies from LIC policyholders in the name of policy surrender. In this matter, LIC has clarified that it is not affiliated with these entities or their offering.

In fact, many such reports have surfaced in which people are being lured to buy their existing LIC insurance policies by promising them a good amount. In such a situation, people are selling their insurance policies wrongly instead of surrendering them to the companies. LIC has clarified its position on this matter.

LIC issued a statement

LIC issued a statement in the interest of policyholders, saying, “LIC is not associated with the products and/or services being offered by any such units, or entities. Any statement made by former employees/personnel of LIC is personal to such individuals. We deny any responsibility or liability in this regard.”

“We urge all policyholders to exercise utmost caution before taking any decision on their policy, which may jeopardise their financial security and risk cover for their family. Before responding to any offer, please consult any LIC official at our branches.”

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