Life Insurance Corporation of India (LIC) announced the launch of two new products: LIC’s Bima Platinum and LIC’s Jeevan Raksha. Both products are designed as non-par, non-linked, life insurance plans catering to individual customers. These new offerings will be available for sale effective September 7, 2026, marking LIC’s expansion in the domestic insurance market.
New Product Offerings from LIC
Life Insurance Corporation of India (LIC) has officially announced the introduction of two new insurance products to its portfolio. These products, named LIC’s Bima Platinum and LIC’s Jeevan Raksha, are set to be available for purchase by the public starting from September 7, 2026. The Corporation has submitted this disclosure in compliance with the Listing Regulations.
Product Details and Market Focus
Both LIC’s Bima Platinum and LIC’s Jeevan Raksha are categorized as non-participating, non-linked life insurance plans. Specifically, LIC’s Bima Platinum is positioned as an individual savings plan, while LIC’s Jeevan Raksha is structured as an individual pure risk plan. The company has confirmed that both products are intended for the domestic market and are not being launched in any international markets at this time.
The Corporation is making this information public to ensure broad dissemination to all stakeholders. A copy of this intimation is also accessible on LIC’s official website, www.licindia.in.
Source: BSE
