Invested money in LIC policy? BEWARE! One phone call may take away all your money - Know DOs and DON'Ts

It takes a huge number of years to gather wealth and create a top-class portfolio but even one small mistake due to the lack of awareness may take away all your hard-earned money.

Nowadays, thousands of fraudulent activities are rife due to which innocent people who have spent years to gather wealth are being duped by some fraudsters. Photos from Pixabay and LIC Twitter.

Who doesn't want to lead a financially sound and secure life! It takes a huge number of years to gather wealth and create a top-class portfolio but even one small mistake due to the lack of awareness may take away all your hard-earned money. Nowadays, thousands of fraudulent activities are rife due to which innocent people who have spent years to gather wealth are being duped by some fraudsters. Life Insurance Corporation (LIC) of India, a state-owned insurance group and investment corporation, wants you to safeguard your hard-earned money by making you aware of some important things in view of misleading calls which may siphon off all your money from your account.

LIC of India says, "Beware of misleading telephone calls from people posing as LIC officials, agents, IRDAI Officials, Officials from ECI (Office of the Executive Council of Insurers) etc. and offering alluring benefits. "

Moreover, LIC confirms and makes you aware that it does not share bonus information with the policyholders through phone calls. Also, LIC never encourages policyholders to discontinue their existing policy/policies.

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Here are some important DOs and DON'Ts to keep your hard-earned money safe and secure:-

DOs

1. Verify the correctness of policy information through our website www.licindia.in or contact any nearest LIC Branch.

2. Please register a police complaint along with details of phone number with the police station in your jurisdiction.

3. Report suspicious calls with brief particulars of the call through e-mail to spuriouscalls@licindia.com

DON'Ts

1. Do not entertain calls from unverified sources.

2. If the caller is persuading you to surrender your policy to claim extra benefits, please do not entertain such calls.

3. Do not get tempted by exaggerated promises regarding benefits of Life Insurance Policies.

4. Do not entertain those who offer extra bonuses and higher benefits.

5. Do not part with your policy details/other information to any caller.

By simply following the above mentioned DOs and DON'Ts suggested by LIC of India, you can ensure that money remains safe and with you.

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