AS per IRDA, Some changes are required in most of the Life Insurance Plans also service tax is applicable on all plans. LIC is closing most of the popular plans in year 2013 end, Jeevan Anand, Jeevan Tarang, Bima Bachat, Jeevan Saral, Komal Jeevan, Jeevan Madhur & Jeevan Anurag among others.
Such plans are available for sale only until December 31, 2013. LIC, Jeevan-Bharti I, a money-back policy, catering specifically to the women segment will be closed from December 21, 2013.
Great possibility to decrease in the LIC premiums, based on the mortality rate. mortality rates that means based on your age lic insurance company deducts the fees.
Visit again to see the new plan list as soon it launched.