LIC Jeevan Raksha — LIC’s New Pure Term Insurance Plan — Features & Review

Life Insurance Corporation of India (LIC) has launched a new pure term insurance plan, LIC’s Jeevan Raksha (Plan 894).

LIC launched the plan on September 1, 2026, along with LIC’s Bima Platinum, to mark its 70th anniversary. While Bima Platinum is a savings-oriented insurance plan, Jeevan Raksha is designed specifically for pure life insurance protection. The plan is expected to be available for purchase from September 7, 2026. So, what does LIC Jeevan Raksha offer?

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And is it worth considering if you are looking for term insurance? Let us understand. What is LIC Jeevan Raksha?