Everyone is concerned with the financial well-being of their family nowadays. Family members want to be certain their loved ones will not encounter financial difficulties when they are gone. meeting this need, the LIFE INSURANCE CORPORATION OF INDIA has launched three new insurance schemes, beginning in 2023, and designed to satisfy the needs of varied customers so that an entire family can attain protection and financial arrangement.
Why Family Protection Is Important
Insurance acts as a shield for the family. These plans give financial support to the family in case of any unexpected event. The new LIC plans focus on providing protection with long-term stability, so investors can feel peace of mind and confidence.
Top LIC Plans for Family Protection in 2026
LIC ‘Nav Jeevan Shree’ Plan
This plan is best for those who want long-term security with a one-time payment. You pay the premium only once, and the coverage continues for the entire policy term. If the insured dies due to an accident or unforeseen event, the family receives a guaranteed extra amount along with the sum assured. This plan covers anyone from 30 days old to 60 years. The policy term can be 5 to 20 years, making it a good option for family protection and safe investment.
LIC ‘New Tech Term’ Plan
This plan is ideal for people who want high coverage at a low premium. It is a pure life insurance plan that provides only a death benefit. Coverage starts from Rs. 50 lakhs with no maximum limit. You can choose a plan where coverage stays the same or increases every year. Women and non-smokers get lower premiums. The online process makes it easy to buy, especially for young investors.
LIC ‘Yub Credit Life’ Plan
This plan is useful for those repaying loans. In case of an unexpected event, families often face the burden of unpaid loans. The Yub Credit Life Plan reduces the sum assured each year according to the remaining loan amount. Customers pay premiums only for the remaining EMIs. If something happens, LIC repays the loan, protecting the family from financial stress.
These three plans meet different needs. Some families want protection, some want high coverage at low premiums, and some need loan protection. LIC has created these plans to cover all these needs, making them effective and practical options for 2026.
If you plan to buy a new insurance plan soon, these LIC products can help secure your family’s future and give you peace of mind.