LIC's 23 insurance policies together with Jeevan Anand can be closed today

by Jeremy Spirogis
India's cleanest city for 4th consecutive time

new Delhi. Life Insurance Corporation of India, ie Life Insurance Corporation of India, has run many such schemes with which you’ll be able to safe your future. But today we’re going to inform that from the approaching month greater than 2 dozen plans to be launched in LIC can be discontinued.

According to media stories, about 23 plans of Life Insurance Corporation of India will stop to be accessible after January 31. Let me inform you that on the finish of November, the Insurance Regulatory and Development Authority of India gave life insurance coverage firms 2 months to withdraw life insurance coverage and riders from the market which weren’t consistent with the brand new product pointers. <! –

                 Earlier, the final date for withdrawal of such product was mounted on 30 November 2019, however the insurance coverage regulator gave one other 2 months time to the life firms, in order that the work might be achieved easily.

Please inform that in keeping with the brand new directions of the Life Insurance Product and Riders Insurance Regulatory, which isn’t in accordance with the insurance coverage coverage pointers. They can be closed, numbering 23. These embody widespread insurance coverage merchandise like LIC New Jeevan Anand, Jeevan Umang, Jeevan Lakshya. These will all be launched consistent with the brand new pointers. At current, the final date for change or re-approval of life insurance coverage insurance policies has been mounted on 29 February 2020.

Vipin Anand, managing director of Life Insurance Corporation of India, stated that the discontinued merchandise can be made accessible in new kind from February.

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