POPULAR PLANS OF LIC WHICH CONSTITUTES 90% OF BUSINESS LIKELY TO BE WITHDRAWN FROM 1ST OCT 2013.PLANS HAVING LOYALTY ADDITION (PLAN 165 JEEVAN SARAL) PLANS HAVING FREE PAID UP INSURANCE (PLAN 149 JEEVAN ANAND) PLANS HAVING PREMIUMS MORE THAN TEN PERCENT OF SUM ASSURED(PLAN 14 ) ARE LIKELY TO BE WITHDRAWN. SERVICE TAX LIKELY TO BE IMPOSED FROM 1ST OCTOBER 2013.DELAYS FOR LAUNCHING NEW PLANS IN SUBSTITUTION EXPECTED.HENCE VERY SLACK BUSINESS FROM OCT 2013. AVALANCHE OF BUSINESS EXPECTED TILL 30TH SEPTEMBER 2013 IN THESE LIKELY TO BE WITHDRAWN PLANS. WILL REMIND LIC EMPLOYEES OF JEEVAN SHREE (PLAN 112) DAYS. MANY MDRTS LIKELY BEFORE 1ST OCTOBER 2013. SIMILAR PLANS OF OTHER INSURANCE COMPANIES IAREALSO LIKELY TO BE WITHDRAWN FROM 1ST OCT 2013.
Posted on: Sun, 16 Jun 2013 05:21:43 +0000
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