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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 policy.

This advisory was issued after reports came out, that said that some companies want to acquire policies from LIC policyholders in the name of surrendering the policy. In this case, LIC has clarified that it is not affiliated with these entities or their offering.

Many such reports have come to light, in which people are being lured to buy their existing LIC insurance policy by assuring them of a good amount. In such a situation, people are not surrendering their insurance policy to the companies, but are selling it to them in an incorrect manner. LIC has clarified its position on this matter.

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

"We urge all policyholders to exercise due diligence before taking any decision on their policy, which may jeopardize 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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