Money Saver India

Service tax to make LIC policies pricier

While private insurers add a service tax component to the premium paid by customers, LIC has not been levying the tax (which will raise prices by around 3%) on its popular endowment and money-back plans.

While private insurers add a service tax component to the premium paid by customers, LIC has not been levying the tax (which will raise prices by around 3%) on its popular endowment and money-back plans. Go here for more.

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