Jeevan Saral Policy: Petition in Supreme Court alleges mass cheating by LIC

Murali Krishnan July 4 2019
LIC, Jeevan Saral Policy

A petition has been filed in the Supreme Court alleging mass cheating by Life Insurance Corporation of India (LIC) through its Jeevan Saral policy.

The plea, filed as a Public Interest Litigation petition by Moneylife Foundation, has sought an immediate recall of the Jeevan Saral Policy.

It is the petitioner’s contention that the Jeevan Saral Policy holders have been misled and cheated by LIC. The policy holders get less than half of what they paid as premium for ten or more years . . .

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