LIC OF INDIA LAUNCHES TWO NEW INSURANCE SCHEMES

has introduced two new insurance products called "LIC's Bima Kavach" (a non-participating, non-linked life insurance plan that provides pure risk coverage for individuals), and "LIC's Protection Plus" (a non-participating, linked life insurance savings plan for individuals). Both schemes will enhancing LIC's product range and expand it's market presence accress India. With a market cap of Rs 5,54,161 crore, the company had reported a consolidated net profit increase of 31%, reaching Rs 10,096 crore, up from Rs 7,723 crore in the same period last year. With the launch of new products, the company's revenue is set to increase in the coming quarters.