LIC Products list (withdrawn on January 2014)

Following the circular from IRDA issued during late 2013 on the minimum Sum assured criteria for availing tax benefits, all the insurance companies including LIC were asked to withdraw their old plans and file new plans in accordance with the new IRDA rules. 

The IRDA rule says that to avail tax benefits the following points will be considered:

  • The Sum assured should be 10 times of Annual premium or
  • The Premium should be less than 10% of Sum assured
  • The premium Should not be Greater than 15% of Sum assured if the Life insured is a Handicapped.

Following is the list of individual products that Life Insurance Corporation of India has withdrawn as because they are not complying with the new IRDA regulations. A total of 34 plans has been discontinued from the market.
 



 Sr No Plan No Plan Name Last date for sale of plan

Date of Withdrawal

1 186 Jeevan Amrit 07-Dec-13 08-Dec-13
2 108 Jeevan Surabhi (25 years) 14-Dec-13 15-Dec-13
3 107 Jeevan Surabhi (20 years) 21-Dec-13 22-Dec-13
4 192 Jeevan Bharti - 1 21-Dec-13 22-Dec-13
5 93 Money Back 25 Years 28-Dec-13 29-Dec-13
6 133 Jeevan Mitra Triple Cover 28-Dec-13 29-Dec-13
7 106 Jeevan Surabhi (15 years) 31-Dec-13 01-Jan-14
8 005 Limited Payment Whole Life 31-Dec-13 01-Jan-14
9 168 LIC Jeevan Anurag 31-Dec-13 01-Jan-14
10 185 LIC Child Future Plan 31-Dec-13 01-Jan-14
11 184 LIC Child Career Plan 31-Dec-13 01-Jan-14
12 089 Jeevan Sathi 31-Dec-13 01-Jan-14
13 162 LIC Jeevan Shree 1 31-Dec-13 01-Jan-14
14 807 LIC Jeevan Ankur 31-Dec-13 01-Jan-14
15 048 Endowment Limited Payment Single Premium 31-Dec-13 01-Jan-14
16 090 Marriage Endowment Education Ann Plan 31-Dec-13 01-Jan-14
17 103 Jeevan Chhaya 31-Dec-13 01-Jan-14
18 159 Komal Jeevan 31-Dec-13 01-Jan-14
19 102 Jeevan Kishore 31-Dec-13 01-Jan-14
20 091 New Janaraksha 31-Dec-13 01-Jan-14
21 075 Money Back 20 Years 31-Dec-13 01-Jan-14
22 178 LIC Jeevan Tarang 31-Dec-13 01-Jan-14
23 179 LIC New Bima Gold 31-Dec-13 01-Jan-14
24 014 Endowment Assurance 31-Dec-13 01-Jan-14
25 171 LIC Bima Nivesh 2005 31-Dec-13 01-Jan-14
26 165 LIC Jeevan Saral 31-Dec-13 01-Jan-14
27 149 LIC Jeevan Anand 31-Dec-13 01-Jan-14
28 175 LIC Bima Bachat 31-Dec-13 01-Jan-14
29 114 Jeevan Adhar 31-Dec-13 01-Jan-14
30 136 Jeevan Vishwas 31-Dec-13 01-Jan-14
31 810 LIC Jeevan Deep 31-Dec-13 01-Jan-14
32 198 LIC Jeevan Mangal 31-Dec-13 01-Jan-14
33 802 LIC Endowment Plus 31-Dec-13 01-Jan-14
34 182 LIC Jeevan Madhur 31-Dec-13 01-Jan-14

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