LIC to launch three insurance plans on 19 October: Benefits, features and eligibility explained

Life Insurance Corporation (LIC) is set to introduce three new insurance plans, which will become available to the public starting from October 19, 2026. These offerings aim to cater to diverse financial planning and protection needs of individuals.

Among the new plans, 'New Jeevan Dhara-II' will provide policyholders with a deferred annuity income, designed to secure a regular income stream in retirement. This plan focuses on long-term financial stability for savers.

Additionally, LIC will launch 'Health Shield', offering fixed health benefits to cover specific medical expenses. The third plan, 'New Cancer Cover', is designed to provide financial payouts upon the diagnosis of specified cancer conditions, offering crucial support during health crises.

What to watch: Detailed plan documents from LIC for full terms and conditions.

Editor's note: The report accurately captures all the information provided in the source summary regarding the three specific LIC plans and their launch date.