Lic from India to start 2 schemes from tomorrow - Lic's Jan Suraksha, Lic's Bima Lakshmi. Details here

Lic starts two new offers for the domestic market, Lic, namely Lic Jan Suraksha and Lic Bima Lakshmi, which will meet different individual needs. Lic from India to start 2 schemes from tomorrow – Lic’s Jan Suraksha, Lic’s Bima Lakshmi. Details here (Reuters) Life Insurance Corporation of India (LIC), the country’s largest insurer, announced the launch of two new products for the domestic market today, October 14, which will be for sale from tomorrow, October 15. These two offers, namely Lic Jan Suraksha and Lic Bima Lakshmi, will cater for different individual needs. LIC’s product details LIC starts the following new products, which will be available for WEF 15 October 2025: SL. No name of the product category of the Product Market 1 Lic’s Jan Suraksha Non-Par, non-linked, individual, savings, life micro-insurance household 2 LIC’s Bima Lakshmi non-PAR, non-linked, life, individual, saving household Lic Jan Suraksha The Lic Jan Suraksha plan is a low-cost insurance plan for individuals, especially of lower-income individuals. The plan is a non-participating and non-linked insurance scheme, which means it is not linked to the market or bonuses. Since it is a micro insection plan, it is probably adapted to the needs of the economically weaker parts of society. Such plans are offered at low premiums with convenient payment options. LIC BIMA LAKSHMI LIC’S BIMA LAKSHMI is a newly disclosed life insurance and savings plan being launched by LIC. It is also a non-par and non-linked scheme, which means that returns are not linked to the market performance and will not include bonuses. The plan probably offers life cover and an expiration date or savings payment and is aimed at providing individuals. LIC share price trend amid announcing two new schemes, the LIC share price traded slightly higher and disregarded the poor Indian stock market trend. Lic -share price hit a peak of £ 904.15 and a low of £ 893.45, compared to the last closing price of £ 897.25. Although LIC’s share price performance was on a year and year to date (YTD) basis, it dumped 6% and 0.5% respectively. However, the PSU share had a 17% increase in six months. Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or brokerage firms, not coin. We advise investors to consult with certified experts before making investment decisions, as market conditions can change quickly and conditions can vary.