FACT CHECK: Is LIC Withdrawing All Insurance Policies For Revision In September? Here’s The Truth

A notice claiming that the Life Insurance Corporation of India (LIC) will withdraw all its insurance products and plans for revision by September 30 has rapidly circulated on social media. According to the PIB Fact Check, this notice is fake. PIB has confirmed that LIC has not issued any such notice.

PIB Fact Check On LlC Post

On the social media platform X, PIB Fact Check clarified the situation by posting about the viral message. It stated that the message attributed to LIC is entirely false. LIC has not sent out any directives via message regarding the withdrawal of insurance products or plans. PIB Fact Check emphasized that the claim of withdrawing all insurance products for revision is baseless, and LIC is not planning to take any such action.

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The viral notice falsely claims that LIC will withdraw all its insurance products and plans by September 30, with a subsequent revision. It also misleadingly suggests that LIC might change or increase insurance premiums, alter the terms and conditions of its policies, and take two to three months to launch new plans. Additionally, the notice incorrectly states that plans offering substantial benefits to customers, such as Jeevan Anand, Jeevan Umang, and Jeevan Utsav, could be withdrawn.

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