Lic May Slash Assured Return Product Rates

Life insurance companies are set to cut the rate on their assured return products in the aftermath of the bank rate cut. Life Insurance Corporation of India (LIC) is likely to cut the returns on Bima Nivesh, its various pension plans and Jeevan Sneha (a money back policy meant for women) in the second half of next week. ICICI Prudential Life Company will also review its guaranteed return products on AssureInvest and ReAssure.

LIC