LIC OF INDIA – PALANPUR GUJARAT RETURNS NINE CHEQUES SAYING POLICIES LAPSED.
Premium amount deducted from the salaries of the employees was not remitted to the LIC, by BSNL Management, from May 2019 onwards. Now, the LIC, Palanpur, Gujarat circle, has informed the AO, BSNL, Palanpur, that the policies of the employees have already got lapsed, due to non-remittance of the premium amount. The LIC has also not accepted the premium amount, belatedly remitted by BSNL Management. This is a serious matter.