LIC Plans: Some popular insurance policies offered by Life Insurance Corporation of India (LIC) are no longer available. There are reports in leading media that LIC has made an announcement that popular plans will be closed after September 30, 2024. It seems that they are suspending the plans while making new policies available for their customers. LIC agents are also warning their customers about this matter. It is suggested that there is an opportunity to invest in plans that offer good maturity benefits till September 30. Let's find out the details.

It seems that after September 30, 2024, LIC is suspending a total of 9 types of plans. According to media reports Jeevan Lab (Plan No. 936), Jeevan Umang (Plan No. 945), Jeevan Anand (Plan No. 915), Jeevan Utsav (Plan No. 871), Jeevan Lakshya (Plan No. 933), Endowment Plan (Plan No. 914) , Jeevan Tarun (Plan No. 934), Money Back Plans (Plan No. 920, 921), Children's Money Back Plan (Plan No. 932).


Jeevan Lab is a non-linked, limited premium payment plan. This includes insurance protection as well as savings. This includes death benefits as well as maturity benefits. This includes rider options, corporation profit. Jeevan Umang is a life insurance plan. It includes Annual Survival Benefits, Lump Sum Maturity Benefits. It provides lifetime coverage. It also provides lifetime income. Jeevan Anand also provides savings along with insurance. Jeevan Utsav is an endowment assurance plan. This also includes savings protections. Jeevan Lakshya Plan is a limited premium paying, non-linked, benefits endowment plan. Jeevan Tarun is a plan designed for children.