New Launch31 Aug 2026, 02:47 pm
LIC Launches Two New Savings and Risk Plans
AI Summary
Life Insurance Corporation of India (LIC) announced the launch of two new products: LIC's Bima Platinum and LIC's Jeevan Raksha. Both products are designed for the domestic market and will be available for sale starting September 7, 2026. LIC's Bima Platinum is a Non-Participating, Non-Linked, Individual Savings Plan, while LIC's Jeevan Raksha is a Non-Participating, Non-Linked, Individual Pure Risk Plan. This move signifies LIC's continuous efforts to expand its product portfolio and cater to diverse customer needs in the life insurance sector.
Key Highlights
- LIC introduces two new insurance products: Bima Platinum and Jeevan Raksha.
- Both products are for the domestic market and available from September 7, 2026.
- Bima Platinum is a savings plan; Jeevan Raksha is a pure risk plan.
- The launch aims to expand LIC's product offerings to customers.
Price Impact
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