India’s largest insurance company, Life Insurance Corporation of India (LIC), announced on October 14, 2025, that it will launch two new insurance products: LIC Jan Suraksha and LIC Bima Lakshmi.
These plans will be available for purchase starting October 15, 2025. Both plans are designed to meet different customer needs.
LIC Jan Suraksha is a low-cost microinsurance plan for low-income groups. It is a non-linked, non-participating plan with affordable premiums and easy payment options.
LIC Bima Lakshmi is a life insurance and savings plan that provides life coverage along with a lump sum payment at maturity.
Details of the New Plans
LIC Jan Suraksha
This plan is aimed at the lower middle class and economically weaker sections. As a non-linked and non-participating plan, it is not affected by market fluctuations or bonuses.
Its main features are low premiums and easy payment options, making insurance accessible to more people.
LIC Bima Lakshmi
This plan combines life insurance and savings. Like Jan Suraksha, it is non-linked and non-participating, meaning returns are not dependent on the market and do not include bonuses.
It provides life coverage and a lump sum payment at maturity, making it ideal for those who want both protection and savings in a single plan.
LIC Share Price Impact
After announcing the new schemes, LIC shares saw a slight increase on Monday, despite the overall Indian stock market being weak.
On that day, shares traded between ₹893.45 and ₹904.15, closing at ₹897.25.
However, LIC shares have underperformed over time:
Declined 6% in the past year
Down 0.5% year-to-date
Gained around 17% in the last 6 months
