LIC warns Policyholders about unofficial policy acquisitions
Mumbai, June 24, 2024: The Life Insurance Corporation of India (LIC) has issued a notice to its policyholders in light of recent news articles and publications about some entities offering to acquire LIC policies. These acquisitions, presented as an alternative to surrendering policies to LIC, have raised concerns among policyholders.
LIC clarified that it is not associated with any such entities or the products and services they offer. Any statements made by former LIC employees or personnel regarding these entities are personal opinions, and LIC disclaims any responsibility for them.
The notice emphasized that any sale, transfer, or assignment of LIC policies must comply with the Insurance Act, 1938, particularly Section 38. LIC reserves the right to refuse any such transactions if it believes they are not genuine, not in the policyholder's best interest, not in public interest, or intended for trading insurance policies.
LIC urged all policyholders to exercise caution before making decisions about their policies, which could jeopardize their financial security and the risk cover for their families. They advised consulting LIC officials at their branches before responding to any such offers.
LIC reaffirmed its commitment to transparency and protecting its policyholders' interests. For further information, policyholders can contact the Executive Director (CC) at LIC's Central Office in Mumbai via email at ed_cc@licindia.com or visit their website at www.licindia.in.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Another North Goa nightclub sealed; Kejriwal says corruption led to fire tragedy
Panaji (PTI): As part of a crackdown against tourist establishments violating laws and safety norms in the aftermath of the Arpora fire tragedy, Goa authorities on Saturday sealed a renowned club at Vagator and revoked the fire department NOC of another club.
Cafe CO2 Goa, located on a cliff overlooking the Arabian Sea at Vagator beach in North Goa, was sealed. The move came two days after Goya Club, also in Vagator, was shut down for alleged violations of rules.
Elsewhere, campaigning for local body polls, AAP leader Arvind Kejriwal said the fire incident at Birch by Romeo Lane nightclub at Arpora, which claimed 25 lives on December 6, happened because the BJP government in the state was corrupt.
An inspection of Cafe CO2 Goa by a state government-appointed team revealed that the establishment, with a seating capacity of 250, did not possess a no-objection certificate (NOC) of the Fire and Emergency Services Department. The club, which sits atop Ozrant Cliff, also did not have structural stability, the team found.
The Fire and Emergency Services on Saturday also revoked the NOC issued to Diaz Pool Club and Bar at Anjuna as the fire extinguishers installed in the establishment were found to be inadequate, said divisional fire officer Shripad Gawas.
A notice was issued to Nitin Wadhwa, the partner of the club, he said in the order.
Campaigning at Chimbel village near Panaji in support of his party's Zilla Panchayat election candidate, Aam Aadmi Party leader Kejriwal said the nightclub fire at Arpora happened because of the "corruption of the Pramod Sawant-led state government."
"Why this fire incident happened? I read in the newspapers that the nightclub had no occupancy certificate, no building licence, no excise licence, no construction licence or trade licence. The entire club was illegal but still it was going on," he said.
"How could it go on? Couldn't Pramod Sawant or anyone else see it? I was told that hafta (bribe) was being paid," the former Delhi chief minister said.
A person can not work without bribing officials in the coastal state, Kejriwal said, alleging that officers, MLAs and even ministers are accepting bribes.
