Lic Plans Closing
As per IRDA regulation all Insurance plans from LIC of India will be terminated from 31st Dec 2013. All the plans will be reissued with new premium + service tax @ 3.09 %. Currently Lic of India pays all the service tax to the Government without charging their customers.
Example: If you apply for a new policy after 31st Dec 2013 for Jeevan anand than the premium will be 1,03,090/- Where in 1,00,000 is your basic premium and 3090/- is the service tax payable to Government of India.
If you plan your investment before 31st Dec 2013 than you will get:-
- Higher Returns as you save on Service tax for next 35 years
- Better Returns as you are entitle for higher bonus as per old plans
- Jeevan Tarang and Jeevan Anand plans which are extended free life cover plans which will close for ever.
I would recommend you to Invest your surplus into a safe and secure company like Lic of India before the regulation sets in. Buy Lic Policy Online
Contact us today or call us on +91.9820934872