Jeevan Saral Policy: Petition in Supreme Court alleges mass cheating by LICJuly 4 2019
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 . . .
This content is restricted to subscribers
With a premium account you get:
- One year of unrestrcited access to previous interviews, columns and articles
- One year access to all archival material
- Access to all Bar & Bench reports