Insurance & finance news

19 Oct 2026 · Three new LIC plans go on sale

LIC to launch Health Shield, New Cancer Cover and New Jeevan Dhara-II from 19 October

In a stock-exchange disclosure on 12 October, Life Insurance Corporation of India said two individual health plans and one deferred annuity plan will go on sale from 19 October 2026.

15 October 2026 · Sources: Kalkine Media (report on LIC Regulation 30 filing to BSE/NSE), PSU Connect, ScanX, Business Standard (LIC Cancer Cover launch, 2017), Business Standard (GST on individual policies)

19 Oct 2026 · LIC's two new health plans go on sale

LIC to start selling Health Shield and New Cancer Cover fixed-benefit health plans from 19 October

Life Insurance Corporation of India has announced two new individual health plans and a revised deferred annuity plan, with sales opening on 19 October 2026.

15 October 2026 · Sources: LIC of India launch release, as reproduced by Metro Vaartha, The Economic Times (via inkl), PSU Connect

10% · Proposed co-pay on retail health inpatient claims

Insurers discuss 10% co-pay on retail health claims; IRDAI approval seen as unlikely

Non-life insurers have discussed a mandatory 10% co-payment on inpatient claims in retail health policies, but the proposal needs IRDAI approval and has not been finalised.

8 October 2026 · Sources: Business Standard, News Karnataka (citing NDTV Profit), OfficeNewz (citing The Times of India)

Explainer: How room-rent limits and proportionate deduction affect your health insurance claim

Choosing a hospital room above your policy's limit can reduce the payout on much of your bill, but IRDAI rules protect some charges.

4 October 2026 · Sources: Business Standard, Ditto (Joinditto)