LIC Launches Two New Products: Bima Platinum and Jeevan Raksha
LIC is launching two new products: LIC's Bima Platinum (a savings plan) and LIC's Jeevan Raksha (a pure risk plan). Both products are Non-Par, Non-Linked, Individual plans for the domestic market. They will be available for sale starting September 7, 2026.
The launch of new products is a regular business activity for an insurance company. Without specific details on the potential market impact or financial projections for these products, the immediate impact on the company's stock is likely to be minimal.
The announcement is a routine product launch and does not contain any information that would significantly impact the company's financial performance or stock price in the short term. It is a standard business update.
Life Insurance Corporation of India (LIC) announced the launch of two new products, LIC's Bima Platinum and LIC's Jeevan Raksha, effective September 7, 2026.
LIC's Bima Platinum is a Non-Par, Non-Linked, Life, Individual, Savings Plan designed for the domestic market.
LIC's Jeevan Raksha is a Non-Par, Non-Linked, Life, Individual, Pure Risk Plan, also catering to the domestic market.
The company has submitted this information as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details are available on LIC's website.
A plain-language summary of a public exchange filing by Life Insurance Corporation Of India. Read the original for the full detail.