LIC New Jeevan Saathi Policy 2026: One Insurance Plan for Two Lives, Know Its Benefits and Key Features
LIC New Jeevan Saathi Policy 2026: Life Insurance Corporation of India (LIC) has highlighted its New Jeevan Saathi Policy as a financial protection option designed around the needs of two individuals. The insurer's promotional message emphasises the idea of securing a shared future through a single life insurance policy.
With the message “Two lives, one policy, and a shared promise of financial security,” LIC is encouraging customers to consider life insurance as part of their long-term financial planning.
The campaign, shared through LIC India's social media account, focuses on financial protection for couples and the importance of planning for unexpected events.
However, the promotional message does not provide detailed information about premium amounts, eligibility, maturity benefits or claim conditions. Prospective customers should examine the official policy documents before making a purchase decision.
What Is LIC's New Jeevan Saathi Policy?
LIC's New Jeevan Saathi is being promoted as an insurance solution associated with protecting two lives under one policy.
Such arrangements are commonly described as joint-life insurance because they provide coverage relating to two insured individuals under a single contract.
The main purpose of joint-life insurance is to help families prepare financially for the possibility of losing an earning or financially contributing member.
LIC's campaign presents New Jeevan Saathi as a product focused on shared financial security.
The exact structure of the policy, including whether it provides protection on the first death, the second death or under different specified conditions, must be confirmed from LIC's official product documentation.
LIC Offers Two New Jeevan Saathi Plans
LIC officially introduced two New Jeevan Sathi plans on May 26, 2026. Both products combine savings with life insurance protection for married couples.
| Feature |
Single Premium |
Limited Premium |
|---|---|---|
| Plan Number |
888 |
889 |
| Coverage |
Both spouses |
Both spouses |
| Premium Payment |
One-time payment |
Premiums paid for a limited period |
| Minimum Basic Sum Assured |
₹3 lakh |
₹3 lakh |
| Plan Type |
Non-linked, non-participating |
Non-linked, non-participating |
| Guaranteed Additions |
Available |
Available |
| Purpose |
Savings and life protection |
Savings and life protection |
These products are not market-linked investment plans. Their contractual benefits are determined by the policy terms rather than stock market performance.
LIC New Jeevan Saathi Single Premium Plan 888
Under the Single Premium option, customers pay the premium once at the beginning of the policy.
The plan provides joint-life insurance protection for a married individual and their spouse.
According to LIC's official brochure, the policy offers guaranteed additions of ₹70 per ₹1,000 of Basic Sum Assured during the policy term.
Customers can choose between two death benefit options and select from the available policy terms.
The plan also offers options to receive certain benefits in instalments, subject to policy conditions.
LIC New Jeevan Saathi Limited Premium Plan 889
The Limited Premium plan allows customers to pay premiums over a selected period instead of making one large payment.
It provides life insurance protection for both spouses and includes guaranteed additions.
An important feature is the premium waiver provision following the first death during the policy term.
Under the applicable conditions, the surviving spouse receives the relevant death benefit, and future base-policy premiums are waived from the following policy anniversary. The policy continues according to its terms.
The plan offers policy terms of 10, 15, 20 and 25 years, with premium payment periods of 5, 10 or 15 years, subject to the available combinations.
Who Can Apply for LIC New Jeevan Saathi?
The plans are designed for married individuals who want insurance protection for themselves and their spouses under a single policy.
LIC specifies a minimum entry age of 18 completed years. Maximum entry ages depend on the selected plan and benefit option.
The minimum Basic Sum Assured is ₹3 lakh. Although LIC does not prescribe a fixed overall upper limit, higher coverage amounts are subject to its underwriting requirements.
Applicants should confirm the applicable age limits, premium amounts, medical requirements and policy conditions before applying.
How to Buy LIC New Jeevan Saathi Policy
Interested customers can visit LIC's official website at licindia.in or contact an authorised LIC agent or branch.
Before purchasing, customers should compare the two premium payment structures and examine the available death benefit options.
They should also review the policy term, maturity benefits, surrender conditions, exclusions and tax treatment.
The premium will depend on factors such as the insured individuals' ages, selected coverage, policy duration and applicable underwriting conditions.
Is LIC New Jeevan Saathi Worth Considering?
LIC's New Jeevan Sathi plans may appeal to married couples seeking a combination of insurance protection and long-term savings.
The Single Premium option may suit customers who prefer making a one-time payment, while the Limited Premium option provides an alternative for those who want to spread payments over several years.
However, these are savings-oriented insurance products, not pure term insurance plans. Couples primarily seeking a large amount of life cover at a lower premium should also compare separate term insurance policies.
Important Reminder: LIC's New Jeevan Sathi plans offer joint-life protection, but death benefits, maturity payments and premium waivers depend on the chosen plan and policy conditions. Customers should read the official benefit illustration and policy document before investing.
Source Credit: LIC India Forever promotional announcement; LIC official press release, May 26, 2026; LIC New Jeevan Sathi Limited Premium product information.