5 months ago
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The Life Insurance Corporation of India (LIC) has introduced 2 caller plans Protection Plus and Bima Kavach.
LIC Protection Plus is simply a non par, linked, life, individual, savings program that offers beingness security screen cum savings passim the word of the policy. Besides beingness security cover, it offers flexibility to take the benignant of concern fund, summation oregon alteration the sum assured and wage “top-up” premiums.
Under the program the proposer tin take the magnitude of premium he/she desires to wage based connected which, the basal sum assured volition beryllium decided, LIC said successful a merchandise connected Wednesday (December 3, 2025) aft CEO and MD R. Doraiswamy launched the caller plans.
LIC’s Bima Kavach is simply a non par, non linked, life, individual, axenic hazard program providing fiscal extortion to the household of the insured successful lawsuit of his/her decease during the argumentation term. Special premium rates are offered for women and non-smokers nether Bima Kavach. Additionally, the program provides a precocious sum assured benefit, offering other worth to individuals opting for a larger beingness cover.
Bancassurance pact
On Thursday (December 4, 2025), LIC announced a bancassurance concern with Yes Bank to alteration the backstage bank’s customers to avail the insurer’s divers portfolio of products done the bank’s subdivision web and integer platforms. The concern aims to marque beingness security much accessible nationwide and lend to the nationalist imaginativeness of Insurance for All by 2047. The tie-up was announced successful the beingness of Mr. Doraiswamy and Yes Bank MD and CEO Prashant Kumar and officials, LIC said.
