LIC refutes fake news

IMPHAL, Oct 18
Some miscreants have been spreading false information and malicious rumours about LIC on WhatsApp and other social media platforms. The messages wrongly speculate about LIC's financial health and attempt to portray the largest life insurer in poor light in the eyes of its stakeholders, said LIC in a statement yesterday.
The news are factually incorrect, uncorroborated and intend to tarnish the image of LIC brand and also create panic in the minds of its policyholders. LIC refutes such false rumours, it said and assured its policyholders about its sound financial health and urged all not to take cognizance of the misleading news.
LIC has declared the Highest Ever Bonus amounting to more than Rs 50,000 crore to its policy holders for the fiscal 2018-19. LIC's market share as on 31st Aug 2019 for number of policies is 72.84% and for First year premium it is 73.06%. It is pertinent to note that LIC's market share in First year premium has grown from 66.24% as on 31st March 2019 to 73.06% as on 31st Aug 2019, said LIC.