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

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  • October 16, 2014 at 9:00 am #47940
    samkapoor77
    Keymaster

    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.

    October 17, 2014 at 4:12 pm #47941
    samkapoor77
    Keymaster

    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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