LIC New Scheme: To strengthen its savings portfolio even more than before, Life Insurance Corporation of India (LIC) has launched two new insurance products, ‘LIC New Jeevan Sathi Single Premium’ and ‘LIC New Jeevan Sathi – Limited Premium’. Where, both these plans are non-participating and non-linked individual savings plans, which proves to be extremely helpful in keeping the policyholders away from any kind of risks.

What do LIC’s new plans say?

Actually, these new schemes have been specially designed for the market. Which will be completely available for purchase from June 1, 2026. On the other hand, the main objective of LIC through these products is to expand its savings plans as well as to meet the changing needs of its customers easily without any hassle.

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Announcement of financial results of LIC

Talking about the financial results of this scheme, LIC has registered an annual increase of 23.1 percent in its big profit in the fourth quarter of this year, which is said to be Rs 23 thousand 420 crore. Not only this, the net premium income of the company has also increased by 11.6 percent to Rs 1.7 lakh crore.

However, LIC has also declared a final dividend of Rs 10 per equity share, the record date for determining eligibility for which has been fixed as June 25.

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Know what is the special opinion of brokerage firms?

So, now after this excellent performance, brokerage firm Citi has maintained its buy rating on the share and increased its target price to Rs 1,475. Whereas, Macquarie and Bernstein have also given ‘outperform’ rating to the stock while praising the improvement in margins. The target of Rs 1,100 and Rs 940 has been fixed for now.