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HomePersonal FinanceLIC Policy Holders Alert! LIC has closed this famous plan, will you...

LIC Policy Holders Alert! LIC has closed this famous plan, will you get the money back? know what is the reason

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LIC Policy: Life Insurance Corporation of India ie LIC is the largest government insurance company in India. Various types of life insurance plans are made available from time to time by LIC.


LIC Policy: Life Insurance Corporation of India ie LIC is the largest government insurance company in India. Various types of life insurance plans are made available from time to time by LIC. However, due to some reasons, it happens many times that the company withdraws its plan. Now there is news that LIC has discontinued its famous plan. The name of this plan is Jeevan Amar and Tech Term Insurance Plan (LIC Jeevan Amar and Tech Term Insurance).

What is the reason?

According to ET’s report, LIC has withdrawn its popular products Jeevan Amar and Tech Term Insurance. According to sources, the company has taken this decision due to the increase in the re-insurance rate.

Know the details about this plan

Please tell that this plan of LIC was a pure term insurance plan. The company launched this plan on 1 September 2019. It was a non linked, no profit, pure protection online term insurance policy. Its premium could be paid online. Under this, the insured and his family were given protection in case of any accident. The maximum age maturity under this policy was 80 years. This plan was taken for a minimum sum assured of Rs 50 lakh.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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