LIC

LIC's New Jeevan Sathi – Single Premium

Individual Savings Plan Individual Savings Plan

Non-Par, Non-Linked, Individual Savings Plan

The essentials

Your plan at a glance

Min. sum assured
₹3,00,000
Policy term
10 / 15 / 20 / 25 Years or 10 / 15 Years
Entry age
18 Years
Premium payment
Single Premium

Plan Overview

LIC's New Jeevan Sathi – Single Premium is a joint-life insurance plan designed for couples seeking financial security and long-term savings. It provides life insurance coverage for two lives under one policy, with benefits payable according to the policy terms.
The plan offers a single-premium payment option, guaranteed additions and maturity benefits, helping couples plan for their shared financial future.

Financial Protection for Two
Plan Your Future Together
Plan for Tomorrow
Guaranteed Additions

Features & Benefits

Joint-Life Coverage
Provides insurance protection for two lives under one policy.
Single Premium Payment
Convenient one-time payment without recurring premiums.
Long-Term Financial Planning
Helps couples prepare for future financial goals.
Maturity Benefit
Provides a maturity payout if the policy conditions are fulfilled.

Coverage Details

Parameter Details
Plan Type Joint-Life, Non-Linked, Participating Savings Plan
Plan Number 888
Policy Term Option I: 10,15, 20 and 25 years Option II: 10 and15 years
Coverage Type Joint-Life Insurance
Life Assured Two lives under one policy
Minimum Basic Sum Assured 3,00,000

Eligibility Criteria

Minimum Entry Age (for both lives) 18 years (Completed) (for both Option I and Option II)
Maximum Age at Entry (for both lives) Option I: 60 years (Nearer Birthday) Option II: 35 years (Nearer Birthday)
Minimum Age at maturity 28 years (completed) under both Options I and II
Maximum Age at Maturity Option I: 75 years (Nearer Birthday) Option II: 50 years (Nearer Birthday)
Premium Payment Term Single Premium

Required Documents

Identity Proof
AADHAAR CARD
Address Proof
VOTER ID
Financial Documents
INCOME CERTIFICATE, PAN CARD, BANK PASSBOOK
Other Documents
PASSPORT SIZE PHOTO, BIRTH CERTIFICATE

Frequently Asked Questions

It is a joint-life insurance and savings plan designed to provide financial protection for two lives under one policy.

Couples who meet LIC's eligibility and underwriting requirements can apply.

The plan requires a single premium payment at the time of purchasing the policy.

Yes, it provides joint-life coverage, with benefits determined by the policy terms.

A loan facility may be available subject to the policy's conditions and eligibility requirements.
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