In October 2025, Life Insurance Corporation of India (LIC) has launched two new insurance plans: ‘LIC Jan Suraksha Plan (880)’ , a life micro insurance plan is designed to cater the lower income group people and ‘LIC Bima Lakshmi Plan (881)’, designed exclusively for females.

About LIC Jan Suraksha Plan (880):

Type : It is a non-par, non-linked individual savings micro insurance plan that will benefit the family in case of the death of the policy holder during the policy term and will provide a lump sum amount at the time of maturity for the surviving policy holder.

Target Audience : Low-income individuals

Age Criteria: The minimum and maximum age for an individual to enroll in this plan, is 18 years (completed) and 55 years respectively.

Basic Sum Assur

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