LIC will offer three new insurance plans from 19 October 2026. New Jeevan Dhara-II provides deferred annuity income, Health Shield offers fixed health benefits, and New Cancer Cover provides financial payouts for specified cancer diagnoses.
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The payout is based on the applicable sum assured rather than the actual cost of treatment. The plan also includes a monthly income benefit following a major-stage cancer diagnosis and a premium-waiver benefit, subject to policy conditions.
When will the plans be available?
LIC said the three plans will be available for purchase from 19 October 2026, both online through its website and offline through licensed insurance agents, corporate agents, brokers and insurance marketing firms.
Prospective policyholders should refer to LIC’s official sales brochures for the detailed eligibility criteria, premium structure, benefits, exclusions and policy conditions before purchasing any of the plans.
Life Insurance Corporation of India (LIC) will make three new insurance plans available for sale in the domestic market from 19 October 2026. The products cover deferred annuity, health insurance and cancer protection, according to the insurer’s official announcement and regulatory disclosure.
The three products are LIC’s New Jeevan Dhara-II (Plan 892), LIC’s Health Shield (Plan 907) and LIC’s New Cancer Cover (Plan 908). All three are non-participating and non-linked plans, LIC said.
The products serve different purposes. New Jeevan Dhara-II is a savings-oriented deferred annuity plan, while Health Shield and New Cancer Cover are individual health plans classified as pure-risk products.
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