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LIC warns that policyholders should keep this in mind, otherwise there will be huge losses

Sagar Patel

By Sagar Patel

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Please note this warning from LIC

Life Insurance Corporation of India (LIC), the country’s largest insurance company, has given a strict warning to its customers, LIC has told the policyholders that if any person or company tempts them to buy them, it will offer them a good amount in exchange for their insurance. current insurance policy. If it is given to you, then you should avoid it. Otherwise, they might have to suffer huge losses.

There have been many such reports across the country where people are tempted to buy their existing insurance policies by assuring them that they will pay a good amount. Therefore, instead of handing over their insurance policies to companies, people sell them this way. Now LIC has clarified its position on the matter.

A big loss can occur

LIC has directly asked people to stay away from such temptations. According to him, policyholders must take any decision regarding their insurance policy very carefully. This may increase your family’s insurance coverage risk. At the same time, your financial stability may also be affected.

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LIC does not carry out any such work.

LIC has also made it clear that it has not created any such system, nor launched any such product, wherein people sell their policy instead of surrendering it. LIC employees and agents are also not involved in any such activity. He has no connection to anyone making such claims.

LIC has also said in its statement that the sale or transfer of any of its policies is done under the Insurance Act, 1938. Therefore, if anyone offers such incentives to the customers, before that they must get confirmation from any employee or LIC agent.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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