Notification from IRDA, LIC of India

[$ushil d]

Hi Friends,

This is to inform you about the changes in LIC OF INDIA.

As per the IRDA rules, all LIC existing plans will be withdrawn on 30^th sept 2013.

Effective from 1^st Oct, 2013 LIC will launch new policies and no best Money Back Policies , Child plans & other Popular plans will be available from 1^st Oct 2013.

It means the existing policies(plans) may not be available in the present form after this month.

If you’re planning for any of the existing policies, please plan before 30^th Sep 2013 because upcoming new policies will have more premium + service tax.

Difference between existing and new policy.  

  Ø  We do not have service tax for existing policies but service tax is compulsory for new policies.

  Ø  Premiums will be hiked from 1^st October on all new policies.

  Ø  Naturally yield on Maturity will be less for new policies.

 

Note: Clients who are having existing policies or who buy policies before 30 Sep, 2013 there won’t be any changes in premium or yield on Maturity.

THE BEST TIME TO INSURE – NOW    

Please revert for more information/clarification.

Inform to your friends/relatives about the change.

 THANKS & REGARDS

  SUSHIL DIVATE

 For, LIC OF INDIA

 9886226587