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Micro InsurancePlan 880

LIC Jan Suraksha

Micro insurance for lower income groups, launched 2025

What is LIC Jan Suraksha?

LIC Jan Suraksha (Plan 880, UIN 512N388V01) is a micro insurance plan from Life Insurance Corporation of India. It is a non-participating plan with Guaranteed Additions: the additions accrue at rates fixed when you buy, so what you receive does not depend on LIC's yearly bonus declarations.

Premiums are paid through the policy term, in yearly, half-yearly, quarterly or monthly mode. If the policyholder dies during the term, the nominee receives: Sum Assured. On surviving the full term, the policyholder gets: Sum Assured + guaranteed additions.

It suits people looking for low income, basic protection and newly launched. It is not available to NRIs.

Key Highlights

Launched October 2025, newest micro plan
Guaranteed additions on maturity
Very affordable entry point
Extended age limit up to 65

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Sum Assured

When the Plan Matures (Maturity Benefit)

Sum Assured + guaranteed additions

Eligibility & Details

Minimum Entry Age18 years (completed)
Maximum Entry Age65 years
Minimum Sum Assured₹20,000
Maximum Sum Assured₹50,000
Policy Term5, 10, 15 years
Premium Paying Term5, 10, 15 years
Bonus Typeguaranteed
Risk Levellow
NRI EligibleNo

Tax Benefits

  • Section 80C deduction on premiums
  • Maturity tax-free under 10(10D)

Who is This Plan Best For?

low incomebasic protectionnewly launched

Frequently Asked Questions

What is LIC Jan Suraksha (Plan 880)?

LIC Jan Suraksha is a micro insurance plan from Life Insurance Corporation of India. Micro insurance for lower income groups, launched 2025.

What is the eligibility age for LIC Jan Suraksha?

Entry age is between 18 and 65 years. Policy term: 5 to 15 years. Premium paying term: 5 to 15 years.

What is the minimum sum assured for LIC Jan Suraksha?

Minimum sum assured is ₹20,000. Maximum: ₹50,000.

What are the tax benefits of LIC Jan Suraksha?

Section 80C deduction on premiums. Maturity tax-free under 10(10D).

Is LIC Jan Suraksha available for NRIs?

No. LIC Jan Suraksha is not currently available to NRIs.

What happens if I stop paying premiums on LIC Jan Suraksha?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.

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