Two officials of LIC booked by CBI in Telangana

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New Delhi/Kodad (Suryapet, Telangana), June 07 : The two officials of LIC in Telangana are under lense of Central Bureau of Investigation (CBI) for allegedly forging 190 insurance policies by inserting bank accounts of their near-ones in place of their nominees. 

They have swindled more than Rs. 3 crore during period of 10 years from the year 2008 and 2018. This scam came in light during an internal audit by LIC and it filed complaint with Central Bureau of Investigation and an FIR has been lodged against assistant administrative officer, nine agents and some other persons by CBI.

During investigation it has been revealed that there had been submission of fake death certificates and other documents to receive death claims payments under policies of the alive policyholders. The amounts of these claims have been credited to the accounts of these agents, public servants and their close relatives. But, the original policyholders do not know about redeeming of their policies.

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