'This is to inform that the Life Insurance Corporation of India has launched a new product which will be available for sale from January 12, 2025.'
LICI · price
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Awaiting price reaction for this filing.
Life Insurance Corporation of India (LIC) has announced the launch of a new insurance product called 'LIC's Jeevan Utsav'. It is a Single Premium, Non-Par, Non-Linked, Individual Savings, Whole Life Insurance Plan. The product will be available for sale from January 12, 2026, and is targeted at the domestic Indian market. This is a savings-oriented whole life policy designed for customers paying a single premium upfront. The filing was made under SEBI's Regulation 30 disclosure requirements.
This product launch expands LIC's portfolio in the single-premium whole life savings segment, potentially supporting premium growth. For shareholders, it reflects ongoing efforts to diversify offerings and tap into the domestic savings market, though impact on revenue will depend on customer adoption.