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