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    EditorialNoticeto Policyholders of LIC of India

    Noticeto Policyholders of LIC of India


    This is with reference to recent news articles and other publications relating to product/service

    offerings by certain entities offering to acquire (by way of sale/transfer, assignment or otherwise)

    policies held by existing policyholders of Life Insurance Corporation of (LIC), as an

    alternative to surrender of policies to the LIC.

    In the interest of all our policyholders, we wanted to clarify that:

    1. LIC is not associated with any such entity, or the products and/or services being offered

    by such entities, and any statements made by former employees/personnel of LIC are

    personal to such individuals. We disclaim any responsibility or liability in connection


    1. Any sale/transfer or assignment of LIC policies need to be undertaken in accordance

    with Insurance Act, 1938, including Section 38 thereof. Under applicable laws, LIC may

    decline to act upon any sale/transfer or assignment of policies, where LIC has sufficient

    reason to believe that such sale/transfer or assignment is not bona fide OR is not in the

    interest of the policyholder OR in public interest OR is for the purpose of trading of

    insurance policy.We urge all policyholders to exercise complete caution before making any decision on theirpolicy which may jeopardize their financial security and the risk cover for their family.

    The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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