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LIC Launches Three New Plans Including Retirement and Health Policies
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News18•13-10-2026, 19:15
LIC Launches Three New Plans Including Retirement and Health Policies
- •Life Insurance Corporation of India introduced three new plans named New Jeevan Dhara II, Health Shield, and Cancer Cover.
- •New Jeevan Dhara II is a non-linked deferred annuity plan offering guaranteed income for post-retirement financial independence.
- •Health Shield provides comprehensive family health coverage with guaranteed premiums and daily hospital cash benefits.
- •New Cancer Cover offers fixed financial payouts upon the diagnosis of early and major stage cancers regardless of treatment costs.
Key Questions Answered
Life Insurance Corporation of India launched three new plans on Tuesday, October 13, 2026: New Jeevan Dhara–II, Health Shield, and Cancer Cover plan.
The Health Shield plan provides comprehensive family health coverage with guaranteed premiums throughout the policy term. It offers a fixed Daily Hospital Cash Benefit during hospitalization along with lump-sum payouts for major surgeries and critical illnesses.
The maximum sum assured under the New Cancer Cover plan is Rs 50,00,000, which takes into account all existing policies under that specific plan.
