LIC New Jeevan Sathi Plan: Marriage signifies not merely living together, but also securing each other’s future. In today’s times, life is inherently unpredictable; one never knows what twists and turns it might take. Therefore, accumulating capital for the future is absolutely essential. In light of this, the country’s largest state-owned insurance provider—the Life Insurance Corporation of India (LIC)—has introduced two new joint life insurance savings plans.
These plans are named ‘New Jeevan Sathi Single Premium’ and ‘New Jeevan Sathi Limited Premium.’ These plans are designed specifically for married couples seeking both financial protection and long-term savings within a single policy. So, let’s explore the key features of these plans and discover how they can prove to be a beneficial choice for your future.
Why are the LIC New Jeevan Sathi Plans Special?
Both of these plans are ‘non-linked’. This means you do not have to worry about fluctuating bonuses; instead, you will benefit from pre-determined ‘Guaranteed Additions.’ Consequently, you will know exactly how much money you are set to receive upon maturity.
These new schemes have been specially crafted to cater to the current market landscape and will be fully available for purchase starting June 1, 2026. LIC’s primary objective is not only to expand its portfolio of savings schemes but also to effectively address the evolving needs of its customers.
LIC New Jeevan Sathi Single Premium
If you find the hassle of paying recurring premiums inconvenient, the ‘Single Premium’ option is the ideal choice for you. Conversely, if you prefer to make premium payments only for a specific, fixed duration, the ‘Limited Premium’ option would be a better fit. Should an unfortunate event befall either partner while the policy is active, all subsequent premiums are waived, and the policy remains in force without lapsing. If you are seeking a secure future for yourself and your spouse, this scheme will prove to be an excellent investment for you.
Key Features of New Jeevan Sathi (Single Premium)
* It relieves you of the burden of making recurring premium payments.
* Under this plan, you are required to pay the premium only once. Both the husband and wife will receive life insurance coverage under a single policy.
Under this plan, a Guaranteed Addition of ₹70 per annum for every ₹1,000 of Basic Sum Assured will accrue throughout the entire policy term.
Customers are offered two options for selecting their risk cover. Under the first option, the cover is either 1.25 times the Total Single Premium or the Basic Sum Assured. The second option is 10 times the Total Single Premium.
