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LIC Launches Two New Insurance Plans – ‘Jan Suraksha Plan (880)’ and ‘Bima Lakshmi Plan (881)’.

Banking & Finance | Dated: 19 Oct 2025

In October 2025, Life Insurance Corporation of India (LIC) launched two innovative insurance plans aimed at financial inclusion and women’s empowerment. The plans, ‘LIC Jan Suraksha Plan (880)’ and ‘LIC Bima Lakshmi Plan (881)’, target lower-income groups and female policyholders, respectively, providing tailored life cover solutions.

🎯 Key Highlights:

  • - LIC Jan Suraksha Plan (880) is a non-participating (non-par), non-linked individual savings insurance plan designed for lower-income individuals. The plan focuses on providing affordable life insurance coverage with flexible sum assured options ranging from Rs 1 lakh to Rs 2 lakh, in multiples of Rs 5,000.
  • - Individuals aged between 18 years (completed) and 55 years can enroll in the Jan Suraksha Plan (880). This makes it accessible to a broad spectrum of the lower-income population seeking basic life insurance security.
  • - LIC Bima Lakshmi Plan (881) is a non-linked insurance plan exclusively designed for female policyholders. It provides life cover along with periodic fixed money-back benefits either after 2–4 years or after premium payments cease.

💡 Other Important Facts:

  • (i) The minimum sum assured for LIC Bima Lakshmi Plan (881) is Rs 2 lakh, with no upper limit, subject to LIC’s board-approved underwriting policy. Individuals aged 18 years (as of last birthday) to 50 years are eligible to enroll, allowing young and middle-aged women to benefit from this plan.
  • (ii) Both plans are designed to provide affordable life insurance with structured savings components. Jan Suraksha focuses on lower-income groups with minimal premiums, while Bima Lakshmi combines life cover and periodic payouts, specifically encouraging women’s financial security and independence.

📚 Test Your Knowledge:

Which company recently launched the ‘Jan Suraksha Plan (880)’ and ‘Bima Lakshmi Plan (881)’ ?

Correct Answer: LIC

🚀 Quick Recap: