Jamshedpur, Jan 13: The Life Insurance Corporation of India (LIC) launched new insurance plans at its Jamshedpur Main Branch, Jeevan Prakash Building, Bistupur.
Talking to the media persons today, C.V.Ramana, Senior Divisional Manager said that LIC launched six new plans based on the new IRDA (Insurance Regulatory and Development Authority)
All other policies of LIC of India have been withdrawn and the new policies meeting revised guidelines have been rolled out from January 1, 2014. Earlier 56 products were there but now customers will find it easy to select from 9 products available in the market.
Ramana further said that the new plans launched were: New Endowment Plan, New Jeevan Anand Plan, New Money Back Plans for 20 years, 25 years and New Bima Bachatch plans.
The branch got a first premium of Rs. 63 crore by selling 75,000 policies till the third quarter ending on December 31, 2013, added Ramana.