Life Insurance Corporation of India will launch three new insurance products available for sale in the domestic market from October 19, 2026. The offerings include a deferred annuity plan and two pure risk health plans.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new products aim to expand the insurer's portfolio in savings and health segments.

Product details

The three new products are categorized as non-par, non-linked, individual plans. Two of the three are health-focused pure risk plans, while one is a savings-oriented deferred annuity plan. All products are designated for the domestic market only.

Strategic focus on health and savings

The launch highlights a dual focus on long-term financial security through the deferred annuity plan and immediate protection needs via the health covers. By introducing specific cancer coverage alongside general health shield, the insurer addresses distinct risk profiles within its existing non-linked product architecture.

Life Insurance Corporation of India has re-designated Smt. Sonija M.S. as Chief (In-charge) of Finance & Accounts at the Central Office in Mumbai. This change, effective October 8, 2026, brings her under the definition of Senior Management Personnel (SMP) for the corporation.

The appointment was disclosed to stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Prior to this role, Ms. Sonija served as Chief of the Taxation Cell, overseeing Income Tax, GST, and Provident Fund Trust matters.

Professional background and tenure

Ms. Sonija joined LIC in 1993 as a Direct Recruit Officer and is a Fellow Member of the Institute of Chartered Accountants of India. Her career spans over three decades within the organization, covering diverse roles across various cadres.

Her experience includes heading Finance and Accounts, Debt & Project portfolio, and stressed assets within Investment departments. She also held responsibilities in Claims, Office Services, and Personnel departments. Additionally, she served as Secretary in the Insurance Ombudsman office, managing complaint resolutions and disputes in insurance claim settlements.

Regulatory compliance

The disclosure was filed with BSE Limited and National Stock Exchange of India Ltd. The intimation was signed by Anshul Kumar Singh, Company Secretary & Compliance Officer. A copy of the announcement is available on the corporation's official website.