3 New LIC Plans: Does Your Family Need One?
LIC is launching three new insurance plans covering retirement income, general health, and cancer treatment. If you have gaps in your family's financial safety net, here's what each plan is designed to do and who it suits best.
Cancer treatment in India now costs ₹5–20 lakh — more than most families' annual savings.
Your retirement, health, and cancer cover options just got wider
Key Takeaways
Check your existing health policy's sum insured and sub-limits before buying Health Shield — if your group cover already provides ₹5 lakh+, you may not need a duplicate policy.
Compare New Cancer Cover's diagnosis-based payout structure against any critical illness rider you already hold on your term or health plan to avoid paying twice for similar cover.
Visit LIC's official portal (licindia.in) to review premium quotes for your age bracket — buying directly online avoids agent-driven mis-selling and lets you read the policy document yourself.
LIC is launching three new insurance plans covering retirement income, general health, and cancer treatment. If you have gaps in your family's financial safety net, here's what each plan is designed to do and who it suits best.
Here's what happened: LIC is launching three new insurance products — New Jeevan Dhara-II, Health Shield, and New Cancer Cover — available online via LIC's official portal.. New Jeevan Dhara-II is a retirement-focused plan designed to provide regular income after a policyholder stops working, similar to an annuity structure.. New Cancer Cover pays a benefit on diagnosis of cancer, addressing the high out-of-pocket costs Indian families face from treatment that begins immediately after diagnosis..
What you should do: Check your existing health policy's sum insured and sub-limits before buying Health Shield — if your group cover already provides ₹5 lakh+, you may not need a duplicate policy.. Compare New Cancer Cover's diagnosis-based payout structure against any critical illness rider you already hold on your term or health plan to avoid paying twice for similar cover.. Visit LIC's official portal (licindia.in) to review premium quotes for your age bracket — buying directly online avoids agent-driven mis-selling and lets you read the policy document yourself..
A standalone cancer cover pays on diagnosis — regular health plans often reimburse only hospitalisation bills. That gap can mean ₹3–8 lakh in uncovered outpatient chemo costs.
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- [1]“LIC reveals details of its 3 new plans: Check benefits of New Jeevan Dhara-II, Health Shield and New Cancer Cover” Wealth-Economic Times · 15 Oct 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.
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