Life Insurance Corporation of India (LIC) has rolled out two new insurance products—Protection Plus (Plan 886) and Bima Kavach (Plan 887)—to cater to a broad spectrum of policyholder needs. While Protection Plus blends life cover with market-linked savings, Bima Kavach is designed as a pure protection plan offering a guaranteed death benefit. Together, these offerings reflect LIC’s strategy to expand its product suite with flexible policy terms, wide entry age ranges, and multiple premium payment options aimed at enhancing financial security for customers. Advertisement

Protection Plus

Protection Plus is a non-participating, linked life insurance product that combines protection with long-term wealth creation. Policyholders can choose from regular or limited premium payment options and

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