Diwali is not only about the festival of lights and sweets but also about making a wonderful financial decision. The Life Insurance Corporation (LIC), which is trusted by the people, made the announcement of two new products i.e. LIC Jan Suraksha and LIC Bima Lakshmi on October 14, 2025, just before the festival season. The plans became operative for the customers from October 15, marking the beginning of the festival season, thus opening the way for making them as Diwali gifts for yourself or for your family. They are simple, inexpensive, and trustworthy, delivering without fear of the market ruining the peace of mind.
Spotlight on LIC Jan Suraksha: Protection for Every Pocket
What if you have insurance that costs very little and keeps you warm like a Diwali shawl? LIC Jan Suraksha represents a micro-insurance plan for the underprivileged and lower-middle-class families. It is a non-participating and non-linked scheme, which means that it does not get affected by market fluctuations—no bonuses for the policyholders, just regular protection.
The lifetime coverage and premium rates of very small amounts, together with diverse payment options like monthly or quarterly modes, are very attractive. Your family gets a lump-sum if the unforeseen occurs. It is novice insurance which is very convenient to get, starting from the youngest at the age of 18. Great for young money earners who are building their initial safety net before the festive season comes to an end.
Discover LIC Bima Lakshmi: Save and Smile
For those who are not content with protection only and want to have a savings pot along, here comes LIC Bima Lakshmi. This non-participating and non-linked life insurance and savings plan is the favorite of the middle-class. It combines security with maturing benefits, giving you the total amount when the period comes to an end, in addition to life coverage during that time.
Consider it a quiet-growing Diwali piggy bank. No connectivity to the market means guaranteed returns, which is perfect for regular savers. Minimum age is 18 years, and the maximum period is 25 years. Whether funding education or a cozy retirement, this scheme makes sure your hard-earned rupees work for you.
Why These Schemes Shine This Diwali
The two plans were launched with great pomp and a very active market—LIC shares even gained a bit owing to the announcement. They are IRDAI-approved and are focused on making them accessible rather than complicated. No add-ons, just true worth: little entry hurdles, tax benefits under Section 80C, and branches or online availability all over the country.
Jan Suraksha vs. Bima Lakshmi
| Feature | LIC Jan Suraksha | LIC Bima Lakshmi |
|---|---|---|
| Target Group | Low-income families | Middle-class savers |
| Type | Micro-insurance (pure protection) | Life + Savings |
| Premiums | Ultra-low, flexible | Affordable, with maturity payout |
| Market Link | None | None |
| Best For | Basic family shield | Long-term goals like education |
Final Thoughts: Light Up Your Legacy
During this Diwali celebration, let the crackers and fireworks illuminate your finances along with the heavens. The new schemes of LIC are a reminder that a little investment today can secure a lot of happiness tomorrow. They are not just insurance policies; they are also commitments to your family. Visit the nearest LIC branch or the website today. Do not forget that the greatest present is security. Happy Diwali—make your investment wisely!
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