LIC Launches Jan Suraksha and Bima Lakshmi Insurance Plans:
The Life Insurance Corporation of India (LIC) has launched two new insurance plans—Jan Suraksha Plan (880) and Bima Lakshmi Plan (881). These are the first policies introduced by LIC under the new GST regime, reflecting its efforts to expand financial protection across diverse income and gender groups. While Jan Suraksha caters to the lower-income segment, Bima Lakshmi is an exclusive offering for women, providing a blend of protection, savings, and health benefits.. The LIC Jan Suraksha Plan is a life micro-insurance endowment plan. It offers a lump sum at maturity and life cover during the policy term.The plan includes guaranteed additions at the rate of 4% of the annualised premium each year, helping build savings over time.
