New Delhi, Oct. 14 -- Life Insurance Corporation of India (LIC), the country's largest insurer, in an exchange filing today, October 14, announced the launch of two new products for the domestic market, which will be available for sale from tomorrow, October 15. These two offerings, namely LIC Jan Suraksha and LIC Bima Lakshmi, will cater to different individual needs.

LIC is launching the following new products, which will be available for sale w.e.f. October 15, 2025:

The LIC Jan Suraksha plan is a low-cost insurance plan for individuals, especially from lower-income groups. The plan is a non-participating and non-linked insurance scheme, meaning they are not linked to market or bonuses.

Since it is a microinsurance plan, it is likel...