LIC Jan Suraksha Scheme: All You Need to Know

Life Insurance Corporation of India (LIC), the country’s largest and most trusted life insurer, has launched a new microinsurance plan aimed at making financial protection more accessible to the masses.

On October 14, LIC announced the launch of LIC Jan Suraksha, a low-cost, non-linked, and non-participating life insurance plan designed especially for the economically weaker sections of society. The plan will be available for purchase from October 15, 2025.

What is LIC Jan Suraksha?

LIC Jan Suraksha is a microinsurance plan, which means it offers affordable coverage with low premiums, simple features, and minimal documentation. It is not market-linked and does not offer bonuses, ensuring stable and predictable returns for policyholders.

LIC Jan Suraksha: Key Features

Benefits of LIC Jan Suraksha

Maturity Benefit

On maturity, the policyholder will receive:

• Sum Assured (SA) +
• Guaranteed Additions (GA)

Guaranteed Additions (GA)

Guaranteed Additions are:

• 4% of the annual premium every year throughout the policy term
• For ₹2,00,000 Sum Assured, there's an additional 0.25% incentive, making it 4.25% GA annually

Death Benefit

In case of the unfortunate demise of the policyholder during the term:

• The nominee will receive:

1. Sum Assured on Death +
2. Accumulated Guaranteed Additions

Sum Assured on Death will be the higher of:

• 7 times the annualised premium, or
• Basic Sum Assured

Importantly, the death benefit will never be less than 105% of total premiums paid.

Optional Riders (Extra Protection)

Policyholders can enhance their coverage by adding the following riders:

• Accidental Death & Disability Benefit Rider
• Accident Benefit Rider

These riders offer additional payouts in case of death or disability due to an accident, making the plan more comprehensive.

Why LIC Jan Suraksha Makes Sense

• Affordable: Designed for low-income groups with low premiums
• Simple & Accessible: No medicals required for standard lives
• Reliable Returns: Guaranteed additions every year
• Peace of Mind: Financial protection for the family
• Government-backed Trust: LIC is a name trusted by millions for decades

Also Read: LIC Introduces Jan Suraksha and Bima Lakshmi Plans Effective October 15, 2025

Conclusion

The LIC Jan Suraksha plan is a timely offering, especially for those who need life insurance coverage but cannot afford high premiums or complex plans. It ensures financial security, savings, and peace of mind.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.