LIC Bima Platinum Plan 770 and Jeevan Raksha Plan 894
Why in the news
Life Insurance Corporation brought out two fresh life insurance products on 1 September 2026. Both are non-linked and non-participating, meaning they are not tied to market returns or profit sharing.
Key facts
- Launch date: 1 September 2026, by LIC.
- Plan type: both are non-linked and non-participating.
- LIC Bima Platinum (Plan 770): combines saving with protection; least basic sum assured is ₹3 lakh.
- LIC Jeevan Raksha (Plan 894): a pure-risk cover; basic sum assured ranges between ₹5 lakh and ₹24 lakh.
Side-by-side
| Feature | Bima Platinum | Jeevan Raksha |
|---|---|---|
| Plan number | 770 | 894 |
| Nature | Savings plus protection | Pure risk |
| Basic sum assured | Minimum ₹3 lakh | ₹5-24 lakh |
Exam angle
- Insurer: Life Insurance Corporation of India.
- Plan numbers: 770 for Bima Platinum, 894 for Jeevan Raksha.
- Type to remember: non-linked, non-participating.