NEWS & ADVICE : FIXED DEPOSITS
34 LIC policies to be discontinued by December 31
By Neelima Shankar
Dec 2, 2013
Print    Email    RSS   

Life Insurance Corporation, giant in the Indian insurance sector has made a decision to discontinue selling around 34 policies, in order to comply with the recent regulatory guidelines. This will also include Jeevan Saral, Jeevan Madhur and Jeevan Anand. As of December 7th, Jeevan Amrit will be out of the market. On December 14, the withdrawal of Jeevan Surbhi as well as on December 21 and December 28 there will be two other schemes which will be stopped out of the 34 LIC products.

By the end of the year on December 31, the balance 28 policies will also be discontinued. The discontinuation of the policies will be suspended due to regulatory compliance. The whole idea of the latest guidelines in regards to the insurance policies is to make it customer friendly.

At the end of September of the 6 month period, the company marked a hike in the premium income; it closed at 7.26 percent to Rs.37,906.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Things you should know while filing income...
Tax saver fixed deposits in India earn you...
For what purpose do you want to invest in...
Sweep in to Auto Sweep savings A/c
12 point conduct checklist for bank and...


NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive