The Life Insurance Corporation of India (LIC) has introduced two new plans Protection Plus and Bima Kavach.
| Photo Credit: Reuters
The Life Insurance Corporation of India (LIC) has introduced two new plans Protection Plus and Bima Kavach.
LIC Protection Plus is a non par, linked, life, individual, savings plan that offers life insurance cover cum savings throughout the term of the policy. Besides life insurance cover, it offers flexibility to choose the type of investment fund, increase or decrease the sum assured and pay “top-up” premiums.
Under the plan the proposer can choose the amount of premium he/she desires to pay based on which, the basic sum assured will be decided, LIC said in a release on Wednesday (December 3, 2025) after CEO and MD R. Doraiswamy launched the new plans.
LIC’s Bima Kavach is a non par, non linked, life, individual, pure risk plan providing financial protection to the family of the insured in case of his/her death during the policy term. Special premium rates are offered for women and non-smokers under Bima Kavach. Additionally, the plan provides a high sum assured benefit, offering extra value to individuals opting for a larger life cover.
Bancassurance pact
On Thursday (December 4, 2025), LIC announced a bancassurance partnership with Yes Bank to enable the private bank’s customers to avail the insurer’s diverse portfolio of products through the bank’s branch network and digital platforms. The partnership aims to make life insurance more accessible nationwide and contribute to the national vision of Insurance for All by 2047. The tie-up was announced in the presence of Mr. Doraiswamy and Yes Bank MD and CEO Prashant Kumar and officials, LIC said.
Published – December 04, 2025 10:39 pm IST
