LIC puts 7 plans on watch list for closure

 However, the management declined to identify the plans, fearing a mad rush by policyholders to invest in these before their closure.

 Many of the plans put on the watch list offer returns in excess of 7 per cent. In 2002-2003, LIC closed over 20 plans as its investment returns fell by over five percentage points in the last 18-20 months.

 After careful consideration of the impact of these plans on the institution