However, depending on the terms and conditions of your
existing LIC plan, you may have some options available to modify or convert
your current plan to a different plan. These options might include:
- Policy
Conversion: Some LIC plans allow for policy conversion, where you can
convert your existing plan to another eligible plan within the company.
This usually comes with certain conditions and may involve additional
costs or adjustments to benefits.
- Surrender
and Purchase: You can surrender your existing LIC policy, i.e., terminate
it and get the surrender value. With the surrender amount, you can then
purchase a new LIC plan of your choice.
- Additional
Policy Purchase: You can keep your existing LIC policy as it is and
purchase a new LIC plan separately.
To explore these options and understand the specific rules
and implications of your current LIC plan, you should reach out to your LIC
agent or visit the nearest LIC branch. They will be able to guide you through
the available options based on your policy's features and your specific
requirements. Please keep in mind that the rules and options may have changed
since my last update, so it's always best to verify with LIC directly for the
most up-to-date information.
[Note: This is not lic orginal website.This is the only thing to shear information about lic]
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