Tag: Life Insurance Corporation

Supreme Court agrees to hear case against LIC for duping 5 crore customers

Source: indiatoday.in Anon-profit organization engaged in promoting financial literacy has moved the Supreme Court, alleging cheating, especially of senior citizens, by the Life Insurance Corporation (LIC) through its Jeevan Saral policy, in which nearly 5 crore policy holders have “lost a big chunk on their principal investment”. The Mumbai-based Moneylife Foundation said it has received