LIC faces music for letting policy lapse, asked to pay Rs 60k

[IndiaInsurance]

LIC and some of its officials have been pulled up by a Delhi consumer forum for "recklessly" misplacing a premium cheque, causing a policy to lapse and then defending their mistake before it.

More... (http://www.financialexpress.com/news/lic-faces-music-for-letting-policy-lapse-asked-to-pay-rs-60k/918834/)