LIC's 19 policy is going to close on 31st Jan 2020

 The Life Insurance Corporation of India is closing 19 of its insurance plans soon, in which popular plans like LIC New Jeevan Anand, Jeevan Umang, Jeevan Lakshya are also included among others. As per, following the guidelines of the Insurance Regulatory and Development Authority of India (IRDAI), these plans will be launched afresh on 1 February.

Discontinuing LIC Policy Name 

Non-linked individual policy

1. Plan No. 814 : New Endowment plan
2. Plan No. 815 : New Jeevan Anand
3. Plan No. 817 : Singal Premium Endowment plan
4. Plan No. 820 : New Money back yojna
5. Plan No. 822 : Anmol Jeevan2
6. Plan No. 830 : Limited Premium Endowment plan
7. Plan No. 832 : New Children Money back plan
8. Plan No. 833 : Jeevan Lakshya
9. Plan No. 834 : Jeevan Tarun
10. Plan No. 836 : Jeevan Labh
11. Plan No. 839 : Bhagya Lalxmi
12. Plan No. 840 : New Jeevan Mangal
13. Plan No. 843 : Aadhar Stambh
14. Plan No. 844 : Aadhar Shilp
15. Plan No. 845 : Jeevan Umang
16. Plan No. 847 : Jeevan Shiromani
17. Plan No. 848 : Bima Shree
18. Plan No. 851 :  Micro Bachat

Unit Linked individual policy

1. Plan No. 835 : New Endowment Plus

 Due to the closure of LIC plans, it is expected that not only the returns on new schemes will be reduced, but their premiums also increase. For this reason, LIC agents are advising customers to invest in these schemes before 31 January.
Courtesy : Patrika

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