The Life Insurance Corporation of India (LIC), the country's largest government-owned insurance company, has introduced a new insurance scheme - LIC Jan Suraksha - aimed at providing affordable life insurance to low-income groups. This scheme is available from October 15, 2025, and is designed to make life insurance accessible to everyone, regardless of financial background.
Type of Plan: Non-participating, non-linked micro insurance plan.
Non-participating means there are no bonuses declared.
Non-linked indicates returns are not dependent on market performance or company profits.
Affordable Premiums: The scheme provides flexible premium payment options to suit individuals with limited income.
Coverage: Provides life insurance protection at minimal cost, ensuring financial security for families of policyholders.
Target Audience: Specifically designed for low-income groups who may not have access to traditional life insurance policies.
Enables financial protection for economically weaker sections.
Strengthens LIC's commitment to inclusive insurance coverage.
Simplifies the process of securing life insurance with minimal paperwork and low premiums.
Visit the nearest LIC branch office or LIC's official website.
Fill out the application form for the LIC Jan Suraksha scheme.
Submit the required documents (ID proof, address proof, and age proof).
Choose the premium payment option that suits your financial situation.
Make the first premium payment to activate the policy.
This scheme is part of LIC's effort to extend life insurance coverage to every segment of society. By keeping the premiums affordable and coverage simple, LIC Jan Suraksha ensures that financial protection is no longer a privilege but a right for all.