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.

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Gandhinagar: In what critics have termed a collective punishment, the Gujarat administration has demolished 186 commercial structures in Gandhinagar district’s Bahiyal village, allegedly belonging to individuals accused of participating in a communal clash during the recent Navratri celebrations.

The demolition, carried out on Thursday under heavy police deployment, followed a September 24 incident in which a social media post reportedly triggered tensions between communities, leading to stone pelting and property damage. Officials claimed that the razed establishments were “illegal constructions” linked to those involved in the violence.

According to Gandhinagar Superintendent of Police Ravi Teja Vasamsetty, the authorities identified the properties as part of an “encroachment removal drive.”

“Today, 186 business establishments in Dahegam taluka were demolished. We have identified illegal properties belonging to those involved in last month’s disturbances. Nearly 50 of the accused are habitual offenders,” he said.

Over 300 police personnel were deployed during the operation, which took place in the presence of sub-divisional magistrates and panchayat officials.

However, rights groups and local residents have raised serious concerns over the timing and intent of the demolition, arguing that it amounts to extra-judicial retribution targeting a particular community. Critics say such “bulldozer justice” bypasses due legal process and deepens existing fault lines instead of restoring peace.

The September 24 violence, which erupted over an objectionable social media post, had resulted in extensive damage to shops and vehicles. Police detained around 60 people, alleging that over 200 individuals were involved in the unrest.