Afraid of risk while investing in share market? LIC has introduced 2 amazing schemes; ‘Guaranteed return’ on money!

LIC New Schemes: If you are concerned about the risk in the stock market, then this news is for you. The country’s largest public insurer LIC on Friday launched two new insurance schemes for the general public. These schemes launched by LIC can be very beneficial for you. What exactly are these plans and what benefits can be availed from them. Let’s find out.

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What are these schemes?

Both the LIC New Jeevan Saathi – Single Premium and the other namely LIC New Jeevan Saathi – Limited Premium will be available to the public next month.
Both the schemes are non-linked and non-participating. What does that mean? So to put it simply, these schemes will be isolated from the ups and downs of the stock market. Nothing in the stock market will affect it. So your money is completely safe and you will get full returns.

What is special about these plans?

LIC New Jeevan Saathi – Lump Sum Premium – This saves you from the hassle of frequent premium payments. You only need to deposit once.

LIC New Jeevan Saathi – Limited Premium – In this you have to pay the premium only for a fixed and limited period.

From when can avail this scheme?

Both the new plans will be available for sale from June 1, 2026, an LIC regulatory filing said. The company believes that these new schemes have been launched to meet the changing needs of consumers and their need for more savings and insurance products.

LIC’s profit crosses Rs 23,400 crore

Life Insurance Corporation of India i.e. LIC has presented strong results for the March quarter of last financial year. On the back of better operational performance and business growth, the company’s consolidated net profit increased by 23 percent to Rs 23,467 crore on a year-on-year basis. It was Rs 19,039 crore in the same quarter last year. LIC has also declared a dividend of Rs 10 per share for its shareholders. On May 22, the company’s stock closed at Rs 813.35 with a gain of 1.58 per cent.

Increase in Solvency Ratio of LIC

The solvency ratio, which measures the financial health of insurance companies, increased to 2.35 in the March quarter. It was 2.19 in the December quarter last year, while it was 2.11 in the previous year. This improvement in solvency ratio indicates that the company is in a better position to meet future liabilities.

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