LIC Public ALERT! LIC to take legal action if you do THIS; issues warning for websites

Life Insurance Corporation of India (LIC) has issued a public alert regarding the unauthorized use of its logo. LIC has said that its logo cannot be used on any website, publishing material and digital post without seeking prior permission.

If anyone uses the logo with the permission of the IPO-bound firm then strict legal action will be taken against them.

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LIC took to its official Twitter account to inform about the same and said, “LIC Public Alerts – Unauthorized use of LIC’s Logo. LIC logos cannot be used on any website, publishing material and digital post. Strict legal action – civil and criminal – will be taken against such person.”

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— LIC India Forever (@LICIndiaForever) June 11, 2021

LIC is an Indian government-owned insurance and investment corporation under the ownership of the Ministry of Finance and it provides a slew of insurance schemes and investment opportunities in India.

The company was established on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India.

The company had collected the highest ever new business premium of Rs 1.84 lakh crore in the financial year 2020-21. The market share of the company stood at 81.04 in March 2021 in terms of the number of policies while it was 74.58 percent for the full last financial year, LIC said in a release, as per a PTI report.