The Life Insurance Corporation of India (LIC) is gearing up for a legal battle against ACESO, a company that buys and assigns LIC policies to policyholders for a consideration. LIC argues that ACESO's practices undermine the core principles of insurance and pose risks to policyholders. ACESO, founded by Ketan Mehta and Himanshu Ashar, offers higher payments for policies and continued commissions for agents, challenging LIC's stance. The dispute echoes a similar legal struggle from two decades ago, with LIC leveraging recent legal amendments to counter ACESO’s campaign. Read The Rest at :
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