The Life Insurance Corporation of India (LIC) has introduced three new plans – New Jeevan Dhara-II, Health Shield and New Cancer Cover (Plan 908).

CEO and Managing Director R. Doraiswamy launched the plans. All the three are non-par, non-linked, individual plans and will be available for purchase from October 19, LIC said on Tuesday.

The New Jeevan Dhara –II is a savings, deferred annuity plan offering guaranteed income after retirement. It offers guaranteed annuity rates at the time of policy inception.

Health Shield is a pure risk plan providing fixed benefit coverage against specified health risks. It offers comprehensive health coverage for the entire family. One of the features of the plan is the fixed ‘Daily Hospital Cash Benefit’ during hospitalisation as well as Lump-sum payouts for major surgeries and critical illnesses.

The New Cancer Cover plan, which is a health, pure risk plan, provides fixed financial benefits upon diagnosis of specified early and major stage cancer irrespective of the actual treatment cost incurred by the insured. A monthly income benefit equal to 1% of the applicable sum assured is payable for 10 years to the policy holder in the event of major stage cancer and in case of his/her death, to the nominee.

The Life Insurance Corporation of India (LIC) has introduced two new plans, Bima Platinum and Jeevan Raksha, on the occasion of its 70th anniversary.

CEO and MD R.Doraiswamy launched the plans on Tuesday. The two plans will be available from September 7.

LIC’s Bima Platinum is a non-par, non-linked, individual plan offering a combination of savings and protection. It is a limited premium plan with accrual of guaranteed additions at the rate of ₹70 per ₹1000 of annual premium paid during the Premium Paying Term (PPT) with the guaranteed additions accruing at the end of each year during the PPT.

The minimum basic sum assured under the plan is ₹3 lakh. The plan offers regular and booster income benefits.

A non-par, non-linked, pure risk plan LIC’s Jeevan Raksha provides financial protection to the insured’s family in case of her/his death during the policy term. Benefits payable on death are guaranteed and fixed irrespective of actual experience. The policy is not entitled to any discretionary benefits like bonus or share in surplus.

The minimum basic sum assured is ₹5 lakh and maximum is ₹24 lakh and is subject to acceptance decision as per Board approved underwriting policy, LIC said in a release.

State-owned Life Insurance Corporation of India (LIC) on Wednesday (July 29, 2026) paid ₹12,207.25 crore dividend to the Centre.

CEO and MD R. Doraiswamy presented the dividend cheque, for ₹12,207.25 crore, to Union Minister of Finance and Corporate Affairs Nirmala Sitharaman as the government of India’s share of dividend, LIC said.

The shareholders had given their approval at the annual general meeting on July 27. LIC said it is completing 70 years and as on March 31, 2026 the asset base stood at ₹59.03 lakh crore. The corporation continues to be the market leader in the Indian life insurance market, the insurer said in a release.

Secretary to Centre’s Department of Financial Services Sanjay Lohiya along with the LIC managing directors Ratnakar Patnaik and R. Chander and ZM (I/C) of Northern Zone N. S. Raghava were present.

The Life Insurance Corporation of India (LIC) on Friday (August 29, 2025) paid ₹7,324.34 crore dividend to the Centre.

CEO and MD R. Doraiswamy presented the cheque to Union Finance and Corporate Affairs Minister Nirmala Sitharaman as the government of India’s share of the dividend approved by the shareholders at the annual general meeting held on August 26, LIC said.

Secretary to the Department of Financial Services Nagaraju M, Joint Secretary Parshant Kumar Goyal and LIC managing directors Sat Pal Bhanoo, Dinesh Pant and Ratnakar Patnaik as well as ZM (incharge) of Northern Zone J.P.S. Bajaj were present.

LIC is completing 69 years and remains the market leader in the country. Its asset base stood at ₹56.23 lakh crore as at March 31, 2025, the State-owned life insurer said in a release.