Positive impactCompany
LIC launches three new plans for retirement income, health and cancer cover
BusinessLine 1 hr ago·13 Oct 2026, 4:08 pm
Life Insurance Corporation of India (LIC) has introduced three new insurance products to its portfolio. These include a deferred annuity plan designed to provide a steady stream of income after retirement, alongside two health plans that offer fixed financial payouts for specific medical conditions like cancer.
For investors, this move is significant as it diversifies LIC's offerings beyond traditional life insurance. It signals the insurer's focus on meeting evolving customer needs, particularly in the critical areas of retirement planning and critical illness coverage. This expansion could potentially broaden LIC's customer base and strengthen its market position in the non-life and pension segments.
Investors should monitor the uptake of these new plans and how they perform against existing competitors. It is also important to watch for any updates on LIC's overall financial performance and market share in the coming quarters.
Excerpt from BusinessLine
The Life Insurance Corporation of India launched three new plans on Tuesday: New Jeevan Dhara –II, Health Shield, and New Cancer Cover. New Jeevan Dhara –II is a non-par, non-linked, individual, savings, deferred annuity plan that provides financial independence with guaranteed income after retirement, per an LIC…Read the original at BusinessLine
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- Category: Company.
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