LIC's New Jeevan Sathi Plans: Secure Financial Future for Couples
LIC's New Jeevan Sathi plans introduce tailored joint life insurance options for married couples, ensuring the financial security of spouses in unpredictable times.
Highlights
- •New Jeevan Sathi: Secure Your Marriage Partnership
- •Tailored Plans Address Evolving Customer Needs
- •Guaranteed Additions Offer Clarity and Security
- •Waiver of Premiums Upon Tragic Loss
Marrying means more than just sharing a life— it symbolizes the commitment to secure each other's financial future. With unpredictable life circumstances, ensuring your spouse is financially protected through joint life insurance has never been more crucial. The country's leading state-owned insurance provider, Life Insurance Corporation of India (LIC), introduces two new joint life savings plans specifically for married couples—New Jeevan Sathi Single Premium and New Jeevan Sathi Limited Premium. These plans are set to be available for purchase starting June 1, 2026.
Both these new schemes aim to address the evolving needs of modern individuals seeking comprehensive financial protection. By introducing non-linked plans, LIC ensures customers avoid fluctuations in bonuses and instead benefit from Guaranteed Additions, providing clear expectations for policy maturity payouts. This targeted approach allows married couples to secure their future without unnecessary complexity.
New Jeevan Sathi (Single Premium): A Simplified Solution for Couples
For those preferring a streamlined investment strategy, the New Jeevan Sathi - Single Premium plan offers an ideal solution. This scheme exempts you from recurring premium payments, allowing both partners to benefit under a single combined policy. Upon maturity, the total guaranteed additions will ensure your financial well-being.
The plan allows customers two options for choosing their risk cover: either 1.25 times the Total Single Premium or the basic sum assured, or alternatively, 10 times the Total Single Premium. Under this plan, a guaranteed addition of ₹70 per annum for every ₹1,000 of Basic Sum Assured accrues throughout the entire policy term.
In cases where an unfortunate event occurs to either partner during the policy period, all subsequent premiums are waived, making this not only an investment but also a compassionate consideration. By safeguarding each other's financial future, these plans ensure that both partners can secure their shared dreams and responsibilities.
