LIC Launches 2 New Jeevan Sathi Insurance Plans to Expand Savings Portfolio

The Life Insurance Corporation of India (LIC) has announced the launch of 2 new insurance products under the Jeevan Sathi brand.  

These offerings aim to enhance LIC's savings portfolio and meet the evolving needs of its customers. 

Details of New Jeevan Sathi Plans 

LIC has introduced 2 distinct plans: the New Jeevan Sathi – Single Premium and the New Jeevan Sathi – Limited Premium.  

Both plans are non-participating and non-linked individual savings schemes, providing policyholders with a stable financial planning option devoid of market-linked risks.  

These products are tailored specifically for the domestic market. 

The plans offer flexibility in premium payment, allowing policyholders to choose between a single upfront payment or limited premium payment terms.  

This flexibility caters to varying financial preferences and cash flow requirements of individuals. 

Availability and Launch Date 

According to the regulatory filing, these new insurance products will be available for purchase starting June 1, 2026. LIC aims to broaden its range of savings products with these additions. 

LIC's Q4 Financial Performance 

In its financial results for the fourth quarter of FY26, LIC reported a 23.2% year-on-year increase in net profit, amounting to ₹23,420 crore. This is a significant rise from the ₹19,013 crore recorded in the same period the previous year. 

Net premium income also saw an increase of 11.6%, reaching ₹1.7 lakh crore compared to ₹1.5 lakh crore in the corresponding quarter of the last year. 

Read More: LIC Share Price in Focus After Q4 FY26 Earnings Results: Net Profit up 23.3% YoY! 

Dividend Announcement 

LIC has declared a final dividend of ₹10 per equity share of ₹10 each. The record date for determining shareholder eligibility for the dividend payout is set for June 25, 2026. 

LIC Share Price Performance 

As of May 22, 2026, at 8:57 PM, LIC share price on NSE was trading at ₹812.95 up by 1.59% from the previous closing price. 

Conclusion 

LIC's introduction of the New Jeevan Sathi – Single Premium and Limited Premium plans reflects its commitment to expanding its savings product offerings. The plans provide policyholders with flexible premium payment options and a stable financial planning tool. Additionally, LIC's strong financial performance in Q4 FY26 underscores its robust market position. 

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