LIC launched new 2 Plans, Know the Rest

LIC Plans: If you’re concerned about the stock market’s risks, there’s some positive news for you. The largest public insurance provider in the country, Life Insurance Corporation of India (LIC), has introduced two new insurance plans for the general public as of Friday. Under its “Jeevan Sathi” series, LIC has rolled out two new options: LIC New Jeevan Sathi – Single Premium and LIC New Jeevan Sathi – Limited Premium. Both plans will be available for the public to purchase starting next month.

These plans are both non-linked and non-participating, meaning they are not affected by stock market changes. Your investment will be entirely secure, and you will receive guaranteed returns.

What are the two new LIC plans?

LIC New Jeevan Sathi – Single Premium: This option allows you to avoid the hassle of making repeated premium payments. You only need to make a single deposit.

LIC New Jeevan Sathi – Limited Premium: With this plan, you will only need to pay premiums for a specified and limited duration.

When can you buy these plans?

LIC has announced in a regulatory filing that both new plans will be available for purchase starting June 1, 2026. The company believes these new offerings have been designed to cater to evolving customer needs, requiring more adaptable savings and insurance solutions.

LIC’s profit surpasses Rs 23,400 crore, with a Rs 10 dividend declared.
Life Insurance Corporation of India has reported impressive results for the March quarter of the previous financial year. Thanks to improved operational performance and business growth, the company’s consolidated net profit rose by 23 percent year-on-year to Rs 23,467 crore, up from Rs 19,039 crore in the same quarter last year. Additionally, LIC has declared a dividend of Rs 10 per share for its shareholders. The company’s stock closed at Rs 813.35 on May 22, reflecting a gain of 1.58 percent.

LIC’s Solvency Ratio Improves

The solvency ratio, which indicates the financial stability of insurance companies, rose to 2.35 in the March quarter, compared to 2.11 a year earlier and 2.19 in the December quarter. The improvement in the solvency ratio indicates that the company is in a better position to meet future liabilities.