LIC Jan Suraksha and Bima Lakshmi: New Plans Compared
Why in the news
LIC brought out two non-participating, non-linked plans on 15 October 2025, the first launched under the next-gen GST regime.
Plans at a glance
| Feature | LIC Jan Suraksha | LIC Bima Lakshmi |
|---|---|---|
| Target group | Lower-income and weaker sections | Women seeking cover plus savings |
| Entry age | 18-55 years, good health | Female, 18-50 years |
| Sum assured | ₹1,00,000-₹2,00,000 (multiples of ₹5,000) | Min ₹2,00,000, no cap (multiples of ₹10,000) |
| Policy term | 12-20 years | 25 years |
| Premium paying term | Policy term minus 5 years | 7-15 years |
Features
- Jan Suraksha: limited premium payment, auto cover after three full years, policy loan after one full year, guaranteed additions.
- Bima Lakshmi: guaranteed additions, three survival-benefit options (deferral possible), instalment payouts, rider add-ons.
Significance
- Jan Suraksha: financial inclusion; Bima Lakshmi: women’s empowerment with money-back options.
Exam angle
- Launch date: 15 October 2025.
- Both are non-participating, non-linked plans.