LIC, the country's largest insurance company, has launched two new insurance schemes for the general public. These schemes are launching on Wednesday, October 15th. Learn the full details of the schemes.

LIC New Schemes 2025: Indians strongly believe in savings and investments. To achieve this, they invest their money in various schemes. Some make SIPs in mutual funds, others invest their money in equity, gold, and silver ETFs. Some buy and sell shares, while others choose the safer route of PPF and FDs. The common denominator in all these investment options is the desire for good returns. Keeping this in mind, LIC, the country's largest insurance company, has launched two new insurance schemes for the general public. These schemes are launching on Wednesday, October 15th.

Both insurance schemes are designed for lower-income and middle-class individuals. LIC has designed these schemes to be completely risk-free, making them unaffected by market fluctuations.

What are these two new schemes?

LIC has named these two new schemes LIC Jan Suraksha and LIC Bima Lakshmi. Both schemes are designed to meet different needs. According to LIC, both schemes will benefit lower-income and middle-class individuals.

LIC Jan Suraksha

LIC Jan Suraksha is a scheme specifically targeted at the lower-income group. It offers low-cost insurance benefits. This scheme is non-participating and non-linked, meaning it protects individuals from market fluctuations. It has no market linkage. Due to its low premiums, it can be an excellent option for lower-income individuals.

LIC Bima Lakshmi

The LIC Bima Lakshmi scheme is targeted at the middle-class. It is a life insurance and savings scheme. Like the LIC Jan Suraksha Yojana, it is non-participating and non-linked. This means the scheme is not linked to the market. Under this scheme, investors will receive life cover and a maturity benefit.