it is not possible to directly "transfer" one LIC (Life Insurance Corporation of India) plan to another LIC plan. LIC plans are individual contracts, and they cannot be transferred or merged with other plans.

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:

  1. 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.
  2. 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.
  3. 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.

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