New Jeevan Sathi Limited Premium

LIC's New Jeevan Sathi Limited Premium (Plan 889) is a joint life endowment savings plan designed exclusively for legally married couples. It combines life insurance protection for both spouses with guaranteed savings, allowing you to pay premiums only for a limited period while enjoying insurance coverage for the entire policy term.

Joint Life Protection

A single policy protects both husband and wife, making insurance planning simple and convenient.

Limited Premium Commitment

Instead of paying premiums throughout the policy term, you pay only for a limited duration while continuing to enjoy insurance protection.

Guaranteed Savings

Since the plan is non-linked, your benefits remain protected from market volatility. Guaranteed Additions help increase the maturity value over time.

Financial Security for Your Family

The plan is designed to support your family's financial needs and long-term goals while providing insurance protection.

Advantages

Avail Tax Benefit on premium paid

Tax Free Maturity Amount

Tension Free Claim Settlement

Eligibility Conditions

Before purchasing LIC's New Jeevan Sathi Limited Premium (Plan 889), applicants should meet the following eligibility requirements:

Marital Status

The policy is available only to legally married couples.
Both husband and wife will be covered under a single policy.

Entry Age

Minimum Entry Age: 18 years (completed) for both lives.
Maximum Entry Age: As specified by LIC based on the selected policy term and premium payment option.

Minimum Basic Sum Assured

₹3,00,000.

Maximum Basic Sum Assured

No maximum limit, subject to LIC's underwriting rules.

Policy Term

Multiple policy term options are available. The available policy term depends on the age of the younger life assured and LIC's prevailing guidelines.

Premium Payment Term

Premiums are payable only for the selected Limited Premium Payment Term. After completion of the premium-paying term, no further premiums are required while policy benefits continue for the remaining policy term.

Medical Requirements

Medical examination requirements, if applicable, depend on factors such as age, Basic Sum Assured, medical history, and LIC's underwriting guidelines.