Life Insurance Corporation of India (LIC India), the country's largest life insurer, has issued a warning to its policyholders against spurious calls from people posing as LIC officials, agents, IRDAI officials and promising fake benefits. The alert has been issued by the state-owned insurer in light of the recent incidents of telemarketing frauds.
In its latest alert, LIC says on its website, "Insurance Regulatory and Development Authority of India (IRDAI) has clarified to the public that the regulator or its official do not involve in activities like sale of any kind of insurance or financial products nor invest premium."
Also Read: LIC hiring IT professionals! Salary up to Rs 14 lakh; check details
The insurer further stated that the IRDAI does not announce any bonus. It urged people receiving such phone calls to lodge a police complain along with details of phone call and number.
Given the vast market presence of LIC and a large number of policies it disburses, there is always a risk of fraud at various stages. In order to curb the menace of fraud, LIC has strengthened its systems and procedures by automating various processes and reducing manual intervention in data handling.
Also Read: How to get Rs 1 lakh tax deduction beyond section 80-C
Important Dos & Don'ts
Dos:
Don'ts