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According to ET’s report, LIC has withdrawn its popular products Jeevan Amar and Tech Term Insurance.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.
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