{
  "id": 14205528,
  "title": "LIC Unveils 3 New Plans From October 19, Know - Benefits Of Retirement Income, Health Shield And Cancer Cover",
  "url": "https://urgent.news/2026/10/13/lic-unveils-3-new-plans-from-october-19-know-benefits-of-retirement",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T12:48:19.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/lic-unveils-3-new-plans-from-october-19-know-benefits-of-retirement-income-health-shield-and-cancer-cover"
  },
  "original_language": "en",
  "account": "Mumbai: On October 19, 2026, Life Insurance Corporation of India (LIC) will introduce three new insurance products designed to provide retirement income, family healthcare protection, and cancer coverage.\n\nThe first of these products is New Jeevan Dhara-II (Plan 892). This deferred annuity plan is intended to provide guaranteed lifetime income after the deferment period. Policyholders can choose between regular or single premiums, and can select either single-life or joint-life annuity options. Additional contributions can be made during the deferment period through a top-up annuity facility. The minimum entry age for this plan is 18 years, and the deferment period can range from one to 15 years, depending on the chosen premium option.\n\nThe second product, Health Shield (Plan 907), offers family healthcare protection. This plan provides fixed financial benefits in the event of specified health risks, such as hospitalization, major surgeries, and critical illnesses. Policyholders can receive daily hospital cash benefits and lump-sum payments for eligible medical conditions. The policy term is 15 years, and the policy is available to adults aged 18 to 65 years, as well as children aged 90 days to 20 years. The policy includes guaranteed premiums and optional additional riders.\n\nThe third product is New Cancer Cover (Plan 908), which provides financial support to policyholders diagnosed with specified early-stage or major-stage cancers. Policyholders will receive 25% of the applicable sum assured for early-stage cancer, and 100% for major-stage cancer. The policy also includes monthly income benefits for those with major-stage cancer, equal to 1% of the applicable sum assured for 10 years. Coverage for this plan can range up to Rs 50 lakh, subject to eligibility conditions.\n\nAll three of these plans can be purchased through LIC agents, authorized intermediaries, or directly through LIC's official website.",
  "summary": "Mumbai: Life Insurance Corporation of India (LIC) has announced three new insurance products covering retirement income, family healthcare and cancer protection. The plans will be available for purchase from October 19, 2026. LIC CEO and MD R. Doraiswamy launched New Jeevan Dhara-II (Plan 892), Health Shield (Plan 907) and New Cancer Cover (Plan 908) on Tuesday. New Jeevan Dhara-II: Guaranteed…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}