Archive · 27 Dec 2025
LIC Launches Bima Kavach Term Insurance
LIC has introduced a new term insurance policy called Bima Kavach.
This policy offers coverage starting at ₹2 crore with no upper limit.
You can choose to increase your coverage based on life events like marriage or having children.
The policy is more expensive than some private insurers but offers flexible features.
You can pay premiums regularly or as a single payment, with discounts for online purchases.
It's suitable for people with higher incomes who want to secure their family's financial future.
LIC's Bima Kavach offers term insurance with a minimum coverage of ₹2 crore and no upper limit.
Policyholders can increase coverage by 50% after marriage and 25% per child within six months of the event.
The policy offers both regular and single premium payment options with online discounts.
Annual premium for a 40-year-old non-smoker with ₹2 crore cover is ₹43,600, higher than some private insurers.
Single premium option is competitively priced at ₹475,800 for the same coverage.
- Who
- Life Insurance Corporation (LIC)
- What
- Launch of Bima Kavach term insurance policy
- When
- December 27, 2025
- Where
- India
- Why
- To provide higher coverage options for term insurance
- Minimum Coverage
- ₹2 crore
- Maximum Policy Term
- 82 years
- Age of Entry
- 18 to 65 years
- Coverage Until
- Age 100
- Premium Discount (Online)
- 7.5% for regular, 3% for single
- Sample Annual Premium
- ₹43,600 for ₹2 crore cover
- Single Premium Option
- ₹475,800 for ₹2 crore cover
- Life Stage Increases
- 50% after marriage, 25% per child