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.

Life Insurance Corporation of India i.e. LIC has launched two new schemes for the customers. Both these new schemes include LIC Protection Plus and LIC Bima Kavach. Both these schemes have been designed in such a way that the policy holder gets the benefit of both savings and financial security along with insurance. While one of these schemes will provide the facility of market linked savings, the other scheme provides complete live protection. In such a situation, let us tell you today what big benefits you will get in the launch of two new schemes of LIC.

Benefits of insurance and saving in LIC Protection Plus

LIC Protection Plus is a linked life insurance plan, in which the policy holder will get the option of investment along with life cover. This scheme has been designed for those who want to create funds along with insurance.

Special features of LIC Protection Plus Plan

• The special thing about LIC Protection Plus is that people between 18 to 65 years can take it.
• In this, the policy term can be chosen from 10, 15, 20 and 25 years.
• In this, the premium payment period is 5,7, 10 or 15 years.
• In this, the sum assured will be at least 5 to 7 times of the annual premium.
• In this, an option to increase the fund value by paying top up premium is also given.
• Partial withdrawal facility will also be available for 5 years after the inception of the policy.
• Along with this, fund value will also be available on maturity units.
• Whereas if the policy holder dies, the fund value along with the sum assured will be given to the nominee.

Guaranteed life cover up to Rs 2 crore in LIC Bima Kavach

LIC Bima Kavach is a non-linked, non-participating term insurance plan. This scheme is for those who want to create a strong security cover for their family without the hassle of investment.

Special features of LIC Bima Kavach Plan

• The special thing about LIC Bima Kavach plan is that people between 18 to 65 years can take it.
• Whereas in this plan the maturity age can be maximum up to 100 years.
• Options of level sum assured or increasing sum assured are also available in this plan.
• The facility of all three types of premium payment, single, limited and regular, is also available in it.
• The minimum sum assured of this plan is Rs 2 crore.

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