Archive · 2 Nov 2025
LIC Launches Jan Suraksha Yojana for Low-Income Families
The LIC Jan Suraksha Yojana is a new plan from India's biggest insurance company, LIC.
It's like a piggy bank for people who don't have a lot of money.
You pay a little bit of money over time, and if something sad happens to you while you have the plan, your family gets money.
But if you are okay and reach the end of the plan, you get your money back plus some extra!
It helps people who don't have much money to be safe and save at the same time.
You can get this plan if you are between 18 and 55 years old.
It helps more people feel secure with their money.
LIC has launched the Jan Suraksha Yojana, a micro-insurance plan for low-income individuals and families.
The plan offers both life insurance protection and a savings benefit.
The sum assured ranges from Rs 1 lakh to Rs 2 lakh, with policy terms between 12 and 20 years.
Premiums are payable for a shorter period, concluding up to five years before the policy term ends.
The scheme aims to promote financial inclusion by providing affordable insurance and enabling loan eligibility after one year of premium payment.
- Who
- Life Insurance Corporation of India (LIC)
- What
- Launched the LIC Jan Suraksha Yojana, a micro-insurance plan offering affordable life insurance with savings benefits.
- When
- Recently introduced
- Where
- India
- Why
- To provide low-cost insurance coverage and savings benefits to individuals and families from low and middle-income groups, promoting financial inclusion.
- Scheme Name
- LIC Jan Suraksha Yojana
- Type
- Non-linked, non-participating individual savings life insurance plan
- Sum Assured Range
- Rs 1 lakh to Rs 2 lakh (in multiples of Rs 5,000)
- Policy Term
- 12 to 20 years
- Premium Payment Term
- Payable up to 5 years before the end of the policy term
- Eligible Age
- 18 to 55 years