A warning about fraudulent social media advertising is issued by LIC, and shares close at 0.70%

The public was alerted by Life Insurance Corporation (LIC) on Wednesday about specific people and/or organizations that are participating in deceptive advertising activities across a range of social media channels.

In a public warning notice, LIC said, “They have learned that some people and/or organizations are using our senior official’s or former official’s image, our brand logo, and our brand name in an unauthorized way on social media platforms in order to engage in fraudulent advertising practices.” We want to make the public aware of these kinds of dishonest practices.”

LIC has also made the public aware of these dishonest practices.

“We remain committed to upholding the integrity of our band and ensuring that our Policyholders other stakeholders and the general public are not misled by such unauthorised and deceptive advertising practices on various social media platforms,” LIC said in a cautionary statement to the public.

LIC Stock

At 3:30 PM IST on Wednesday, LIC’s shares finished at Rs 993.00, up 0.70 percent.