Fake apps posing as LIC now, be careful
What's the story
The Life Insurance Corporation of India (LIC) has issued a public warning regarding the presence of fake mobile apps, operating in its name.
The insurance giant is advising policyholders to transact only through its official website, the LIC Digital App, or other verified gateways mentioned on its site.
The move comes amid rising digital frauds targeting insurance customers over the last few years.
Official statement
No responsibility for transactions via unofficial platforms
In its public notice, LIC said, "It has come to our attention that fraudulent media applications are being circulated under the name of LIC of India."
The company also clarified that it will not be held accountable for payments made through any unverified digital platform.
This statement highlights the importance of conducting transactions only via official channels to avoid falling victim to such scams.
Scam strategies
Common tactics used by fraudsters to target customers
Fraudsters frequently develop fake apps and websites that resemble those of real insurance companies, deceiving users into providing sensitive information or making payments to unauthorized entities.
These scams usually include fake payment portals, phishing scams, and impersonation calls.
Sometimes, scammers develop apps that are similar to LIC's digital platforms and request users to enter policy details and pay premiums which are redirected to fake accounts.
Safety measures
How to protect yourself from insurance scams
To protect from such frauds, customers are advised to verify digital platforms and ensure transactions are done via official channels.
They should also cross-check URLs and apps before entering any information, download mobile applications only from trusted sources like Google Play Store or Apple App Store, and avoid responding to unsolicited communications.
Finally, they should never share sensitive policy details or bank credentials with anyone claiming to be an official representative.