LIC's best selling products will no more for sale by 2014

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Information about LIC's best selling products will no more for sale by 2014
Finance

Published on December 19, 2013

Author: memanishraghav

Source: slideshare.net

Description

LIC is closing best selling products. New products will levy service tax. Life Insurance Corporation (LIC) has decided to stop selling as many as 34 policies, including Jeevan Anand, Jeevan Madhur, Jeevan Ankur, Komal Jeevan, Jeevan Mitra, Anmol Jeevan and Jeevan Saral, to comply with new regulatory guidelines.
Of the 34 products, LIC will stop sale of Jeevan Amrit from December 7, Jeevan Surabhi from December 14 while two other schemes from December 21 and December 28 respectively. Remaining 28 policies will go off LIC's shelves from December 31.
Last month, LIC had withdrawn 14 policies including Convertible Term Assurance, Children Deferred Endowment Assurance.
These policies are being discontinued as part of regulatory compliance.
The Insurance Regulatory and Development Authority (IRDA) had extended the deadline for implementation of new individual product regulations for the life insurance industry by three months to December 31.
So Buy now or never,
Call us @ 9871130204 9871130312
Or Vsit to Apply Online : http://licofindiadelhi.weebly.com/

LIC is closing best selling products. New products will levy service tax. Life Insurance Corporation (LIC) has decided to stop selling as many as 34 policies, including Jeevan Anand, Jeevan Madhur, Jeevan Ankur, Komal Jeevan, Jeevan Mitra, Anmol Jeevan and Jeevan Saral, to comply with new regulatory guidelines. Of the 34 products, LIC will stop sale of Jeevan Amrit from December 7, Jeevan Surabhi from December 14 while two other schemes from December 21 and December 28 respectively. Remaining 28 policies will go off LIC's shelves from December 31. Last month, LIC had withdrawn 14 policies including Convertible Term Assurance, Children Deferred Endowment Assurance. These policies are being discontinued as part of regulatory compliance. The Insurance Regulatory and Development Authority (IRDA) had extended the deadline for implementation of new individual product regulations for the life insurance industry by three months to December 31. So Buy now or never, Call us @ 9871130204 9871130312 Or Vsit to Apply Online : http://licofindiadelhi.weebly.com/

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