LIC Launches 2 New Plans: What's in It for the Common Man? Group Insurance Now Easier & Cheaper
Mumbai, February 13, 2026 – If you are a salaried employee, a small business owner, or someone working in a private company, here is big news for you! The Life Insurance Corporation of India (LIC) has announced two new group insurance plans set to launch on February 16, 2026, and they are designed to put money back in your pocket while securing your family's future.
In a regulatory filing today, LIC confirmed the launch of LIC's Group Term Ease Plan and LIC's Group Benefits Secure Plan. But the big question is: Yeh aam aadmi ke liye kyun faydemand hai? (Why is this beneficial for the common man?)
Let's break it down simply.
How the Common Man Benefits from These New Plans
| Plan Name | Type | Direct Benefit to You (Aam Aadmi) |
|---|---|---|
| LIC's Group Term Ease Plan | Pure Risk (Term Cover) | Low-cost life cover through your employer. You get high sum assured at very low premium — because LIC charges less for group bulk buying. Family gets financial security if something happens to you. |
| LIC's Group Benefits Secure Plan | Savings Plan | Your money grows + insurance cover. Ideal for employer-funded retirement benefits, leave encashment, or gratuity. You get a lump sum amount when you leave the job or retire — with added returns. |
5 Big Reasons Why This Matters to You
1. Sasta Aur Tikau Bima (Cheaper & Durable Insurance)
Since these are group plans, the premium is much lower than individual policies. Companies buy them in bulk, so you get high coverage at minimum cost. Your family gets financial protection without burning a hole in your pocket.
2. Double Benefit: Bima + Bachat (Insurance + Savings)
The Group Benefits Secure Plan is not just insurance; it also builds savings over time. So when you switch jobs or retire, you get a good amount back — perfect for your children's education or marriage.
3. Employers Will Love This (Aur Aapki Salary Bachegi)
Companies are always looking for tax-efficient ways to retain employees. These plans allow employers to offer better social security. Result? You may get better employment benefits without any extra deduction from your salary.
4. No Medical Test Hassles (Group Me Aasani)
In group insurance, often there are no individual medical check-ups required. If your company buys this policy, you and your colleagues get covered automatically — no long forms, no delays.
5. Mental Peace for Your Family
Term insurance ensures that if the breadwinner is gone, the family doesn't struggle with EMIs, rent, or daily expenses. LIC's new Term Ease Plan makes this affordable for every common man.
Official Word from LIC
The company stated in its exchange filing:
"These products cater to the domestic market and are designed to meet the evolving needs of groups and institutions, ensuring financial protection and savings benefits to the members."
The plans will be available on the official LIC website and through all branch offices starting February 16, 2026.
Final Verdict: Should You Care?
Absolutely. If you are a salaried employee or run a business with staff, talk to your HR or insurance advisor about these plans. Low-cost term cover and guaranteed savings — LIC has just made group insurance a game-changer for the common man.
Disclaimer: This is a news report based on publicly available regulatory disclosures. Terms and conditions apply. Please consult your employer or LIC advisor for eligibility.