LIC Launches New Savings Product, Bima Jyoti
Life Insurance Corporation of India (LIC) announced the launch of a new insurance offering designed for the domestic market. The new product, named LIC's New Bima Jyoti, is set to be available for purchase starting August 10, 2026.The newly introduced insurance plan caters to individual life savings and protection needs. LIC's New Bima Jyoti has been categorized as a Non-Par, Non-Linked, Life, Individual, Savings Plan.
This initiative targets the domestic market exclusively. The details of the new product are as follows:
| Product Name | Category | Market Scope |
|---|---|---|
| LIC's New Bima Jyoti | Non-Par, Non-Linked, Life, Individual, Savings Plan | Domestic market |
The launch signifies an expansion of LIC’s product portfolio, providing a new option for individuals seeking savings and life insurance solutions in India.
LICI Stock Price Movement
On Friday, shares of Life Insurance Corporation Of India edged up, closing at ₹394 and gaining 1.66%. The stock witnessed solid transactional interest during the session, with over 36.39 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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