The Life Insurance Corporation of India (LIC) has launched a new insurance scheme - LIC Bima Lakshmi - designed to provide both life insurance protection and guaranteed savings benefits. The scheme is available from October 15, 2025, and is aimed at individuals seeking a secure and reliable financial solution.
Type of Plan: Non-participating, non-linked plan.
Non-participating: No bonuses are declared during the policy term.
Non-linked: Returns are independent of market performance.
Dual Benefit: Combines life insurance protection with a guaranteed maturity payout, ensuring both security and savings.
Suitable For: Risk-averse individuals and families looking for a straightforward, dependable insurance plan.
Financial Security: Provides a long-term savings avenue while safeguarding loved ones against financial uncertainty.
Guaranteed Life Coverage: Ensures financial protection for the policyholder's family in case of unforeseen events.
Maturity Payout: Offers a savings component that is guaranteed, giving policyholders a reliable return at the end of the policy term.
Simple and Safe: No exposure to market risks, making it ideal for cautious investors.
Long-term Financial Planning: Helps in building a disciplined savings habit along with life coverage.
Visit the nearest LIC branch office or LIC's official website.
Fill out the application form for the LIC Bima Lakshmi scheme.
Submit the required documents (ID proof, address proof, and age proof).
Select the premium payment option based on your convenience.
Make the first premium payment to activate the policy.
LIC Bima Lakshmi provides a versatile insurance solution, offering both life protection and guaranteed savings in a single plan. This makes it an ideal choice for families and individuals seeking financial security without market risk exposure.