Introducing LIC, Safety Plus and Bima Kavach plans

Life Insurance coverage Company of India (LIC) has launched two new plans – Safety Plus and Bima Kavach.

LIC Safety Plus is a non-par linked lifetime private financial savings plan that gives life insurance coverage protection and financial savings all through the coverage time period. Along with life insurance coverage protection, it additionally affords flexibility reminiscent of selecting the kind of funding fund, rising or lowering the quantity assured, and paying a “top-up” premium.

The plan will enable proponents to decide on the quantity of premium they wish to pay, based mostly on which the fundamental sum assured will likely be decided, LIC mentioned in a launch on Wednesday (December 3, 2025) after CEO and MD R. Doraiswamy launched the brand new plan.

LIC’s Bima Kavach is a non-par, non-linked, complete life, particular person, pure threat plan that gives monetary safety to the insured’s household in case of demise of the insured throughout the coverage interval. Bima Kavach affords particular premium charges for girls and non-smokers. As well as, this plan affords excessive deposits, offering further worth for people who select bigger life insurance coverage insurance policies.

Financial institution gross sales settlement

LIC on Thursday (December 4, 2025) introduced a financial institution gross sales partnership with Sure Financial institution to allow prospects of the non-public financial institution to entry the insurer’s various product portfolio by means of the financial institution’s department community and digital platform. The partnership goals to make life insurance coverage extra accessible throughout the USA and contribute to the nation’s imaginative and prescient of insurance coverage for all by 2047. LIC mentioned the partnership was introduced within the presence of Doraiswamy, Sure Financial institution MD and CEO Prashant Kumar, and different stakeholders.