The Life Insurance Corporation of India (LIC) has issued an advisory warning policyholders to exercise caution when considering third-party offers to buy their policies, as some businesses have been reported to be seeking to purchase policies from current LIC policyholders. The corporation clarified that it is not affiliated with any entities offering to purchase policies and disclaims responsibility for any actions or statements made by former LIC employees. It also provided detailed guidance on managing life insurance policies effectively, including policy bond security, policy number, policy conditions, and premium payments. Policyholders are urged to consult with LIC officials before acting on any such offers to avoid jeopardizing their financial security and insurance coverage.
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