LIC Rolls Out Two New Insurance Plans Effective December 3

Life Insurance Corporation of India (LIC), the country’s largest life insurer, has expanded its retail product portfolio with the launch of two new insurance offerings. 

These products, LIC’s Bima Kavach and LIC’s Protection Plus, will be available for sale across India starting December 3, 2025. 

LIC’s Bima Kavach: A Pure Risk Protection Plan

The first offering, LIC’s Bima Kavach, is a Non-Participating, Non-Linked, Individual Pure Risk Plan. Designed exclusively for the domestic market, this product focuses on providing comprehensive life cover without any investment component. As a pure protection plan, Bima Kavach aims to offer affordable risk coverage to policyholders seeking financial security for their families.

LIC’s Protection Plus: A Linked Individual Savings Plan

The second product, LIC’s Protection Plus, is a Non-Participating, Linked, Individual Savings Plan targeted at customers seeking both insurance protection and market-linked savings. It is available only in the domestic market. It is not launched in any of the international locations. 

LIC Introduces Two New Products for the Domestic Market

In an exchange filing dated October 14, LIC announced the launch of two new insurance products, LIC Jan Suraksha and LIC Bima Lakshmi. Both offerings are tailored to address diverse individual needs, reinforcing LIC’s ongoing focus on expanding customer-centric solutions within the domestic market.

Q2 FY26 Performance

For the quarter ended September 30, 2025, LIC reported a 31% year-on-year rise in consolidated net profit, reaching ₹10,098 crore, compared to ₹7,729 crore in the same quarter last year. The insurer’s net premium income also showed steady growth, increasing 5.5% to ₹1,26,930 crore, up from ₹1,20,326 crore in the corresponding period of the previous year.

During the first half of FY25, LIC recorded a consolidated net profit of ₹21,040 crore, reflecting a 16.36% increase over the previous year’s ₹18,082 crore. The results highlight LIC’s financial performance, supported by sustained premium inflows and improved profitability across its insurance operations.

LIC Share Price Performance

On December 3, 2025, LIC share price (NSE: LICI) opened at ₹885.05, touching the day’s low at ₹871.00, as of 11:12 AM on the NSE.

Also Read: LIC Ups Stake in ACC to 10.6% and NBCC to 4.5%!

Conclusion

The introduction of LIC’s Bima Kavach and LIC’s Protection Plus marks an important expansion of LIC’s domestic portfolio, offering customers a choice between pure protection and market-linked savings. These launches demonstrate LIC’s continued focus on customer-centric innovation and its commitment to addressing varied financial goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private 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.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.