Bima Kavach is a non-par, linked, life, individual pure risk plan, which provides financial protection to the family of the insured in case of his/her unfortunate death during the policy term
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The Life Insurance Corporation of India (LIC) on Wednesday launched two new plans — Protection Plus and Bima Kavach. The corporation, in a statement, said Protection Plus is a non-par, linked, life, individual savings plan, which offers life insurance cover-cum-savings throughout the term of the policy.
Bima Kavach is a non-par, linked, life, individual pure risk plan, which provides financial protection to the family of the insured in case of his/her unfortunate death during the policy term.
Protection Plus
Besides providing life insurance cover, this plan offers flexibility to choose the type of investment fund, increase/ decrease the sum assured and pay top-up premiums. Partial withdrawal is allowed after five years from the date of commencement.
Under this plan, the proposer can choose the amount of premium he/she desires to pay, based on which the basic sum assured ill be decided. The base premium can be paid as regular pay or limited pay.
Bima Kavach
LIC said this plan offers flexibility to choose from two death benefit options – level sum assured and increasing sum assured. It also offers flexible premium payment options – single, limited and regular.
“The life assured can select a policy term, which can extend up to 100 years, ensuring long-term protection. There is also an option to receive the benefits in instalments, providing added financial convenience.
“Another key highlight of this plan is the option available to the life assured to enhance the life cover at predefined life-stage events (marriage or birth of a child), which is available under the level sum assured option with regular premium payment,” said LIC.
Published on December 3, 2025
