Mumbai, 16 February 2026 – Life Insurance Corporation of India (LIC) has officially announced the launch of two innovative group insurance products, set to go live today. The move reinforces LIC’s ongoing strategy to diversify its group insurance portfolio while catering exclusively to the domestic market.
The announcement, made through a regulatory disclosure to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, introduces LIC’s latest offerings designed to meet varying customer needs.
New Product Portfolio
LIC’s two new group insurance plans—Group Term Ease Plan and Group Benefits Secure Plan—are non-participating and non-linked, focusing respectively on risk coverage and savings benefits. Both products are positioned within LIC’s group insurance vertical, primarily targeting corporate and institutional clients for employee benefit schemes.
| Product Name | Category | Key Focus | Market Target |
|---|---|---|---|
| Group Term Ease Plan | Non-Par, Non-Linked, Life, Group, Pure Risk | Term life coverage | Domestic Market |
| Group Benefits Secure Plan | Non-Par, Non-Linked, Life, Group, Savings | Savings benefits | Domestic Market |
Group Term Ease Plan is a pure risk product aimed at providing comprehensive term life coverage to members of groups, such as employees or institutional clients. The plan ensures protection without any participation in the corporation’s profits, aligning with LIC’s non-participating product strategy.
Group Benefits Secure Plan, on the other hand, is designed with a savings-oriented approach. While maintaining the non-linked and non-participating structure, this plan emphasises the accumulation of savings benefits for policyholders, combining security with financial growth over time.
Strategic Market Focus
Both products are exclusively launched for the Indian domestic market, with no immediate plans for international distribution. LIC aims to strengthen its position in the group insurance segment, catering to companies, government institutions, and other entities seeking both risk coverage and savings options for employees.
Regulatory Compliance
The regulatory disclosure for the launch was filed on 13 February 2026 with BSE Limited (Scrip Code: 543526) and NSE India (Scrip Code: LICI). Anshul Kumar Singh, LIC’s Company Secretary & Compliance Officer, signed the filing, confirming adherence to the regulatory requirements for listed entities. Details of the new products are also publicly accessible on LIC’s official website, ensuring transparency and information availability for all stakeholders.
Recent Stock Performance
LIC’s stock has shown mixed performance in recent periods, reflecting broader market conditions:
| Period | Return (%) |
|---|---|
| 1 Day | -0.50 |
| 5 Days | -4.97 |
| 1 Month | +3.04 |
| 6 Months | -3.43 |
| 1 Year | +9.21 |
| 5 Years | -2.08 |
The launch of these two products underscores LIC’s commitment to expanding its insurance offerings while balancing both risk protection and savings solutions for institutional clients.