Life Insurance Corporation of India (LIC) has announced the launch of two new group insurance products scheduled for release on February 16, 2026. The new offerings, LIC’s Group Term Ease Plan and LIC’s Group Benefits Secure Plan, are both designed exclusively for the domestic market and target group life insurance needs, including pure risk and savings components.
LIC Announces Launch of New Group Insurance Offerings
Life Insurance Corporation of India (LIC) has formally informed stock exchanges about the upcoming introduction of two new group insurance products. This disclosure was made pursuant to the mandatory listing regulations, confirming that the corporation is expanding its product portfolio targeted at group customers.
Details of the New Plans
The launch date for both new products is set for February 16, 2026. Both offerings are exclusively structured for the Domestic market and will not be applicable for international markets.
Product 1: LIC’s Group Term Ease Plan
- Category: Non-Par, Non-Linked, Life, Group, Pure Risk Plan.
- Target Market: Domestic market only.
Product 2: LIC’s Group Benefits Secure Plan
- Category: Non-Par, Non-Linked, Life, Group, Savings Plan.
- Target Market: Domestic market only.
Regulatory Compliance and Disclosure
This intimation serves as the official regulatory disclosure regarding the forthcoming product launches. A copy of this announcement is made available on the Corporation’s official website for public dissemination.
Source: BSE
