News From Press LIC warns policyholders about offers to buy their current insurance policies

LIC warns policyholders about offers to buy their current insurance policies

Source: ET Jun 26, 2024

The Life Insurance Corporation of India (LIC) has clarified its position in response to news reports that some businesses were considering buying policies from current LIC policyholders instead of having them surrendered to LIC. The life insurance behemoth has urged all policyholders to proceed with extreme caution before making any decisions about their policy that might compromise their family's risk coverage and financial stability.

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