LIC launches two new insurance plans offering savings and protection

The Life Insurance Corporation of India has rolled out two new insurance products aimed at meeting diverse customer needs in the life insurance segment. The Bima Platinum and Jeevan Raksha plans represent LIC's latest offerings in its portfolio of protection and investment-linked insurance solutions.

Bima Platinum is positioned as a comprehensive plan that combines savings with protection benefits, allowing policyholders to build financial reserves while securing coverage against life contingencies. The plan is designed for individuals seeking a balanced approach to insurance and wealth accumulation over the policy tenure.

Jeevan Raksha, meanwhile, focuses on pure protection coverage, catering to those primarily seeking life insurance security for their dependents. This plan emphasizes straightforward protection benefits without the investment component, making it suitable for customers with specific protection requirements.

Both plans are available through LIC's extensive network of agents and offices across India. Prospective policyholders are advised to review the detailed terms, conditions, coverage limits and premium schedules for each plan before making enrollment decisions. The plans reflect LIC's commitment to offering varied insurance solutions tailored to different customer segments and financial objectives.