Life Insurance Corporation of India (LIC) has announced the launch of 2 new group insurance products, effective February 16, 2026. The disclosure was made to stock exchanges under Regulation 30 of the SEBI (LODR) Regulations, 2015.
New product portfolio
The insurer is introducing 2 group offerings aimed at addressing different customer needs in the domestic market:
- LIC’s Group Term Ease Plan – Non-Par, Non-Linked, Life, Group, Pure Risk Plan
- LIC’s Group Benefits Secure Plan – Non-Par, Non-Linked, Life, Group, Savings Plan
Product details
- LIC’s Group Term Ease Plan is structured as a pure risk product under the non-participating and non-linked category. It is designed to provide term insurance coverage to group members.
- LIC’s Group Benefits Secure Plan follows a savings-focused approach within the group insurance segment. It also falls under the non-participating and non-linked framework but places emphasis on savings benefits for policyholders.
Market focus
Both products are tailored exclusively for the domestic market. There are no plans for international expansion at the time of launch. The offerings are part of LIC’s group insurance vertical and are targeted at institutional clients and employee benefit schemes.
Regulatory disclosure
The announcement was filed with BSE Limited (Scrip Code: 543526) and National Stock Exchange of India Ltd. (Scrip Code: LICI) on February 13, 2026. The regulatory filing was signed by Company Secretary & Compliance Officer Anshul Kumar Singh to ensure compliance with listing norms.
Details of the product launch have also been made available on LIC’s official website, www.licindia.in, for public access and transparency.
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