LIC Products list (withdrawn on January 2014)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Following is the list of individual products that Life Insurance Corporation of India has withdrawn as because they are not complying with the new IRDA regulations.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 |
