New Jeevan Sathi - Single Premium

What this product is

The single-premium version of LIC's joint-life savings plan for married couples, funded with one upfront payment instead of ongoing premiums; exact terms could not be confirmed from the brochure.

You might need this if…

• You might need this if you and your spouse want joint-life cover from a single one-time premium payment rather than ongoing premiums.
• You might need this if you want the surviving spouse's cover to continue automatically after the first death, based on how LIC structures its other joint-life plans.
• You might need this if you prefer a lump-sum-funded policy to avoid the risk of missing future premium payments.
• You might need this if you want a guaranteed, non-market-linked payout for the family.

How it actually works

• This is the single-premium version of LIC's New Jeevan Sathi joint-life endowment plan, funded with one upfront payment instead of recurring premiums.
• Based on the structure of LIC's related joint-life plans (e.g. the Limited Premium version), it likely pays a death benefit on the first life's death — with the policy continuing for the survivor — and a further benefit on the second death or at maturity, plus guaranteed additions.
• Exact eligibility ages, minimum sum assured, and premium rates could not be confirmed because the brochure could not be retrieved.

Worth knowing before you decide

• The official brochure PDF could not be downloaded despite repeated attempts (persistent server errors), so the details above are inferred from LIC's related New Jeevan Sathi (Limited Premium) plan and general product naming, not confirmed from this plan's own brochure.
• Verify exact ages, sum assured limits, premium, and surrender/loan terms directly with LIC before relying on this summary.

Official source

Not available in the current product data — this insurer has not published a standalone brochure PDF for this plan; the notes above are drawn from their official product page instead.

Learn about this category

Read the full traditional life insurance explainer → · See all traditional savings products →