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- Plan No. 814 : New Endowment plan
- Plan No. 815 : New Jeevan Anand
- Plan No. 817 : Singal Premium Endowment plan
- Plan No. 820 : New Money back yojna
- Plan No. 822 : Anmol Jeevan2
- Plan No. 830 : Limited Premium Endowment plan
- Plan No. 832 : New Children Money back plan
- Plan No. 833 : Jeevan Lakshya
- Plan No. 834 : Jeevan Tarun
- Plan No. 836 : Jeevan Labh
- Plan No. 839 : Bhagya Lalxmi
- Plan No. 840 : New Jeevan Mangal
- Plan No. 843 : Aadhar Stambh
- Plan No. 844 : Aadhar Shilp
- Plan No. 845 : Jeevan Umang
- Plan No. 847 : Jeevan Shiromani
- Plan No. 848 : Bima Shree
- Plan No. 851 : Micro Bachat
Unit Linked individual policy
- 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