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LIC launches two new insurance plans Jan Suraksha 880 and Bima Lakshmi 881 for specific buyers
Business
Published on 24 April 2026
One plan targets women, the other targets lower income buyers
LIC has unveiled two new life insurance products: Jan Suraksha 880 for lower-income customers and Bima Lakshmi 881 exclusively for women. Both offer life cover, while Bima Lakshmi adds periodic money-back options and critical illness coverage. The launches mark LIC’s first products released under the new GST regime, bringing fresh eligibility terms and benefits to customers.
- LIC introduced Jan Suraksha 880 for lower-income customers
- Bima Lakshmi 881 is exclusively for women
- Bima Lakshmi includes periodic money-back and critical illness cover
- These are LIC’s first products launched under the new GST regime
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times