Life Insurance Corporation of India (LIC)
To protect its policyholders from such frauds, LIC has issued an advisory. In this advisory, 7 such things have been told, which you should always keep in mind while taking a policy. if you are taking an insurance policy from life insurance corporation of india, then you need to keep some things in mind. In fact, LIC has the highest confidence of the people in the matter of taking insurance. Taking advantage of this, some people try to cheat.
To protect its policyholders from such frauds, LIC has issued an advisory. In this advisory, 7 such things have been told, which you should always keep in mind while taking a policy.
Do Not Sign Without Reading:
Be it a LIC agent or anyone else, unless you are clear about all the information related to the policy, in no case do not sign the documents. First, understand the terms and conditions related to the insurance policy thoroughly. Only then sign any document.
Do Not Give the Original Papers to Anyone:
The life insurance corporation of India does not give the right to any person to take the original paper from you. Therefore, if anyone is asking for the original paper related to your insurance policy, then you can deny it.
Beware of Such Offers:
if you get a call in the name of LIC and it lures you with offers in the name of the company, then at your level, definitely check whether the call is from LIC itself or not. Make a deal only after that.
If the Phone Comes for the Outstanding Installment… :
LIC never calls its policyholders to pay bonuses and outstanding installments. In such a situation, if you get such a call, then be alert. Make a complaint to LIC.
Check with the Same Name:
once you decide on the insurance policy. After that, the premium check that you will fill, give it only in the favor of life insurance corporation of india. If someone asks you for a check-in any other name, then you need to be careful.
If in Doubt, Ask:
if any doubt arises in your mind regarding the policy and the agent associated with it, then you can get information about it by visiting your nearest LIC office. Make sure you get all your doubts cleared before taking the policy.
Keep Checking Status:
the insurance policy you have taken. Be sure to check its status from time to time. This will keep you informed whether the premium you are paying is reaching LIC or not.