Need A Financial Product Forums Insurance Comparison between old and new policies of LIC

This topic contains 0 replies, has 1 voice, and was last updated by  Kuldeep Singh 3 years, 1 month ago.

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  • #47940

    For quite a long time I was thinking of purchasing LIC policy. Though I already have policy on my name since 2010, I was wondering if new policies launched after 1st January, 2014 are better in comparison to old policies or not.

    #47941

    Ganesh Maral
    Member

    An insurance policy is still an insurance policy. The new policies have an added concept of service tax which is now charged directly from the policy purchasers. This makes them the new policies a little more costly. If you are looking at these policies from investment perspective then I will still not suggest you to go for them.

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