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Indian state-owned insurance group and investment corporation LIC (Life Insurance Corporation) founded in 1956 and owned by the Government of India is proud to have established its foundation.  We have also noticed that this same LIC has been the subject of discussion on several issues recently. Another important news is now being heard about LIC is as follows.

ಕನ್ನಡ ವರದಿಗಾಗಿ ಇಲ್ಲಿ ಕ್ಲಿಕ್ ಮಾಡಿ.

Jeevan Akshay, a popular policy has been shut down due to declining interest rates and sustained returns. Now for various reasons, about 23 insurance policies are to be suspended..

These plans will be released again on 1 February, under the Insurance Regulatory Agency guidance. The latest Jeevan Anand, Jeevan Umang ventures will be terminated. Along with these Unincorporated Personal Insurance Plans, the Group Linked Individual Insurance Plan will also be discontinued, including the Rider Policy.

The list includes Single Premium Endowment Plan, New Endowment Plan, New Money Back-20 Years, New Jeevan Anand, Anmol Jeevan 2, Limited Premium Endowment Plan, New Children Money Back Plan, Jeevan Lakshya, Jeevan Gaya, Jeevan Tarun, Jeevan Labh, New Jeevan Mangal, Bhagyalakshmi, Jeevan Umang, Aadhaar Pillar, Aadhar Shila, Jeevan Shiromani, Bima Shree and L.I.C Micro Savings. However, it is not shocking that, closed LIC programs can be re-marketed at a lower rate of interest.

It has been reported that LIC agents are gradually urging clients to invest in these new projects before 31 January. Premiums may arise from new projects.