LIC Launches New Modified Plans, Which will be Available for Sale from 

October 1, 2024

LIC decision to introduce new plans comes as a response to the IRDAI master circular, which required all insurance companies, including LIC, to discontinue their existing policies by September 30, 2024. This was done to modernize and streamline the life insurance products available in the market, ensuring they are more customer-centric and in line with the latest regulations. LIC followed this directive by modifying its old plans and introducing new ones, with changes reflecting new surrender value calculations, possible adjustments to agent commissions, and premium revisions.

Why New Plans?

Explore LIC's updated individual and group products, along with new riders. Secure your future with these modified plans!

These are all the policies that have been revised by LIC and are available for sale from 1st October 2024

To know about the changes made in these plans, read this post extensively.