LIC of India , the country's largest insurer, has announced the launch of two new insurance products, set to be available from December 3, 2025. This move comes as part of LIC's strategy to diversify its product range and cater to evolving customer needs in the domestic market.

New Product Offerings

LIC is introducing two distinct insurance plans:

1. LIC's Bima Kavach: A non-participating, non-linked, individual pure risk plan.
2. LIC's Protection Plus: A non-participating, linked, individual savings plan.

Both products are tailored for the domestic market, reflecting LIC's focus on meeting the varied insurance requirements of Indian consumers.

Product Details

These new offerings demonstrate LIC's commitment to providing a comprehensive range of insurance solutions, combining both protection and savings elements to suit different customer preferences.

Financial Context

While specific details about these new products are yet to be disclosed, it's worth noting LIC's strong financial position. As of March 2025, LIC reported:

• Total Assets: ₹5,575,150.00 crore (6.76% increase from the previous year)
• Investments: ₹5,323,176.80 crore (6.27% increase from the previous year)
• Shareholders' Capital: ₹126,188.00 crore (54.00% increase from the previous year)

These figures indicate LIC's robust financial foundation, which supports its capacity to introduce new products and expand its market presence.

Market Implications

The introduction of these new products could potentially strengthen LIC's market position and offer more choices to consumers. As the insurance landscape in India continues to evolve, LIC's product diversification strategy may help it maintain its competitive edge in the market.

Investors and policyholders will be keen to see how these new offerings perform and contribute to LIC's overall growth strategy in the coming years.

LIC of India , the country's largest insurer, has announced a significant change in its top leadership. Ramakrishnan Chander has been appointed as the new Managing Director, effective December 01, 2025. This move marks a crucial development in the management structure of the insurance giant.

Key Appointment Details

Professional Background

Chander brings a wealth of experience to his new role:

• Previously served as Executive Director (Investment-Front Office) and Chief Investment Officer at LIC
• Boasts 35 years of experience in the insurance sector
• Expertise spans across marketing, administration, and international operations

This appointment comes at a crucial time for LIC, as the insurance sector faces evolving challenges and opportunities in the Indian market. Chander's extensive experience, particularly in investments and international operations, is expected to be valuable in steering LIC through the competitive landscape.

The transition in leadership is part of LIC's ongoing efforts to strengthen its market position and adapt to changing industry dynamics. As the new Managing Director, Chander will be responsible for overseeing the corporation's strategic direction and operational excellence.

LIC, being a key player in India's financial sector, is closely watched by investors and policyholders alike. This management change is likely to be of interest to stakeholders monitoring the corporation's governance and strategic initiatives.

Looking Ahead

As Ramakrishnan Chander takes the helm, the insurance industry will be keen to observe any new directions or strategies that LIC might adopt. His background in investments and international operations could potentially influence LIC's approach to market expansion and portfolio management in the coming years.

Stakeholders will be watching closely to see how this leadership change might impact LIC's performance and market strategies in an increasingly competitive insurance landscape.