LIC had to include service tax as imposed by the Govt.of India, so they had to drop all plans and re-introduce new plans with different terms and conditions. The essentials of life insurance remain the same but I noticed some major changes like reduction in entry age and time allowed to revive a lapsed policy which was 5 years from the date of non-receipt of the premium but now it is only just 2 years. Many conventional plans and Unit linked life insurance policies are yet to be launched after modifications. Source : licplanchanges.blogspot.in and licindia.in websites.
Life Insurance Corporation (LIC) of India is one of the oldest and the most trusted insurance and investment company in India. The company has launched many new Insurance Policies in the market for their customers and I believe most of them are good and you can go for any one according to your requirements.
LIC had to include service tax as imposed by the Govt.of India, so they had to drop all plans and re-introduce new plans with different terms and conditions. The essentials of life insurance remain the same but I noticed some major changes like reduction in entry age and time allowed to revive a lapsed policy which was 5 years from the date of non-receipt of the premium but now it is only just 2 years. Many conventional plans and Unit linked life insurance policies are yet to be launched after modifications. Source : licplanchanges.blogspot.in and licindia.in websites.
eAnswers Team
Life Insurance Corporation (LIC) of India is one of the oldest and the most trusted insurance and investment company in India. The company has launched many new Insurance Policies in the market for their customers and I believe most of them are good and you can go for any one according to your requirements.