Lok Insaaf Party was founded in 2016[1] by Simarjit Singh Bains.

It contested 2017 Punjab Legislative Assembly election on five seats in alliance with Aam Aadmi Party.

[2] LIP contested 2017 Punjab assembly election on five seats.

Simarjit Singh Bains won Atam Nagar Assembly Constituency and Balwinder Singh Bains won the Ludhiana South Assembly Constituency.

[citation needed] In the 2019 Indian general election, the party contested on three Lok Sabha seats in Punjab as a member of Punjab Democratic Alliance; however, the party never won any seat.