Refuting social media claims, Life Insurance Corporation (LIC) has assured millions of its policyholders that their money is safe and secure. The clarification came after messages on social media claimed that LIC is in heavy losses.
In a statement, LIC said, the news on social media is factually incorrect, uncorroborated and intends to tarnish its image and also create panic in the minds of policyholders.
Assuring policyholders of its sound financial health, the national insurer urged them not to take cognizance of any misleading news. The statement informed that LIC had declared the highest-ever bonus amounting to 50,000 crore rupees and upwards to its policyholders for the year 2018-19.