LIC OF INDIA
Frauds done by LIC customers

Dear Sir/Madam,

I am to draw your attention towards one of the biggest frauds done in the history of LIC of India.

Ms. Sharda Gupta wife of Late Kamal Gupta resident of 104C-A/D Gandhi Nagar Jammu, planned this millions rupee fraud with her late husband after she knew that her husband will not survive for more than six months who was suffering from a pre-diagnosed chronic ailment (Liver Cirrhosis with HIV).

Kamal Gupta himself insured for the value of rupees approx. 44 lacks on February vide policy number in series 141877289, 141877304&-likely about 100 policies, just about six months prior to his pre-confirmed death by his treating doctors.

To get the full benefits of this planned insurance cover, Sharda Gupta then started planning to cheat the LIC of India by submitting fake reports and the cause of death.

Sharda Gupta put in her claim to LIC, the cause of death of Kamal Gupta as the ‘Cardiac Arrest’ which was a total lie. The actual cause of death of Kamal Gupta was chronic Liver failure because of long standing Hepatic Cirrhosis because of HIV which was diagnosed about three years before his death and two years and six months before he got insured.

For his this chronic sickness, Kamal Gupta was being tested and treated since 2003. At the last stage Kamal Gupta was admitted in the Inderprast Apollo Hospital, Delhi where he died with the following details:

Name of the Hospital: Inderprast Apollo Hospital, Delhi.

Name of deceased: Kamal Gupta

Registration Number: MC DOL R 07036982

Reference Number: 2586635

Date of Death: 15/06

This is unfortunate to express that these type of frauds are occurring in the well renowned LIC of India in which investors have strong faith.

My concern is as a stake holder in LIC of India who has a full faith in this financial sector. With this type of frauds we, the stake holders are the real loosers who are being looted by these type of decoits.

I now will personally like to know what you do in this case to protect my hard earned investment returns.

I will keep monitoring from now onwards, what actions are taken from your end to uncover this fraud and bring cheats into lime light and save millions of rupees of investors money.

Thanks