Insurance Giant Scraps Its Existing 14 Policies To Confirm To New Regulations

With regard to compliance of new regulations implemented by market regulator Insurance Regulatory and Development Authority (IRDA), which aims at making insurance policies more customers centric, insurance giant Life Insurance Corporation of India scrapped / will scrape 14 of its existing policies. These policies include Jeevan Mitra, Anmol Jeevan, Convertible Term Assurance Policies, Children Deferred Endowment Assurance, Jeevan Paramukh Plan, LIC’s Bima Account and Jeevan Nidhi. Other polices that are expected to be scrapped are Jeevan Aastha, Market Plus I, Jeevan Nischay and Jeevan Varsha.  http://www.myallagents.com/Insurance-Giant-Scraps-Its-Existing-14-Policies-To-Confirm-To-New-Regulations/details.html