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LIC Policies Plan Type Entry Age Maximum Maturity Age Policy Term Sum Assured Status
LIC Tech Term Plan  Term Assurance Plan 18 years-65 years 80 years 10-40 years Min-Rs.50,00,000 Max- No upper Limit Active
LIC Jeevan Umang Whole Life Insurance 90days(completed)-55 years 100 years 100 years minus(-) the age at entry Min- Rs. 2,00,000 Max- No upper Limit Active
LIC Jeevan Amar Term Assurance Plan 18 years- 65 years 80 years 10 years-40 years Min-Rs.25,00,000 Maximum- No upper limit Active
LIC Money Back 25  years Money Back Policy 13 years-45 years 70 years 25 years Min-Rs.1,00,000 Max- No upper limit Active
LIC New Jeevan Anand Endowment Plan 18 years- 50 years 75 years 15 years-35 years Min- Rs.1,00,000 Max- No upper limit Active

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In 1955, parliamentarian Feroze Gandhi raised the matter of insurance fraud by owners of private insurance agencies. In the ensuing investigations, one of India’s wealthiest businessmen, Ramkrishna Dalmia, owner of the Times of India newspaper, was sent to prison for two years.

In August 2000, the Indian Government embarked on a program to liberalise the insurance sector and opened it up for the private sector. LIC emerged as a beneficiary from this process with robust performance, albeit on a base substantially higher than the private sector.

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In 1955, parliamentarian Feroze Gandhi raised the matter of insurance fraud by owners of private insurance agencies. In the ensuing investigations, one of India’s wealthiest businessmen, Ramkrishna Dalmia, owner of the Times of India newspaper, was sent to prison for two years.

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