All LIC of India plans are Closing within 60 days Invest now for better returns & Free Risk Cover

MUMBAI, India - Aug. 8, 2013 - PRLog -- Quite a few LIC products which are exceptionally accepted and striking for customers for risk cover, particularly in terms of ROI in the form of tax free maturity value and periodical money back. At present, they are most sold insurance plans having 75% market share as compared to 21 other life insurance companies. These products are bread and butter for LIC. For Customers they are simple to understand plan which covers them for longer term and gives them free risk cover even after the maturity. There are certain plans which give periodical money back from LIC. Due to past record and fast claim settlement customers have good faith with LIC.  

All this will change from 1^st OCT 2013 and LIC will introduce new plans. All premiums will attract 3.09% Service Tax. In simple terms customer has to pay higher premium and less returns. Also Customers has to furnish more details, family history etc in their new 10 page proposal form.   

Customer’s had a mixed reaction with many of them would like to invest in PPF for tax saving rather than LIC plans, if this rules are imposed.

I would recommend customer’s to plan and buy your insurance products now and reap the benefits of high yielding recurring money back payouts from LIC. Please avoid last minute rush and get the best out of this plans.

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