Life Insurance Corporation of India (LIC), the country’s largest government insurance company, has introduced two very special and new Joint Life Insurance Plans for married couples (Husbands & Wives).
The biggest feature of both these plans is that both husband and wife will get strong life cover under the same policy.
This is a relief news for the people who are troubled by the fluctuations of the market, because both these schemes are completely safe and they will provide fixed benefits along with guaranteed returns. This means that there will be no threat to your savings due to the rise or fall of the stock market.
You will be able to buy these policies from June 2026 LIC is going to launch both these new schemes in the market from June 2026. The company has named them as follows:
1. New Jeevan Saath Single Premium 2. New Jeevan Sathi Limited Premium
How to buy? Both these plans can be purchased both online (LIC Website) and offline (LIC Agents/Brokers) from June 2026. You can easily avail these directly from LIC agents, recognized brokers or through other official channels.
1. New Jeevan Saath Single Premium Plan: Invest money once, get tension free for years If you want to avoid the hassle of paying premium again and again, then this plan is best for you. premium method: In this you will have to deposit money only once (Single Premium). Life Cover: By paying just one premium, both husband and wife will get life cover for the entire policy term. Guaranteed Addition: In this scheme, a guaranteed addition (profit) of Rs 70 will be added for every Rs 1,000 basic sum assured (sum assured). Policy Term: Customers can choose the policy term of 10, 15, 20 or 25 years as per their convenience. Minimum Sum Assured: To take this plan, it is necessary to choose a sum assured of at least Rs 3 lakh.
2. New Jeevan Sathi Limited Premium Plan: Facility of payment in installments and premium waiver For those who cannot pay the huge amount at once, LIC has come out with an installment option.
Premium Method: In this, you get the option to pay the premium in installments for 5, 10 or 15 years (Limited Premium). Great Profits: Under this scheme, a guaranteed addition of up to 7% will be available on the premium deposited every year. Premium Waiver Benefit: The biggest advantage of this plan is that if something unfortunate happens to one of the spouses (death) while paying the premium, all further premiums will be waived off. The policy will continue without any interruption, so there will be no financial burden on the family.
Take money in installments on maturity, old customers will get special discount To provide more convenience to its customers, LIC has added some more great features to this policy:
Payment in installments: Instead of taking the maturity (on completion of the policy) or death benefit (in case something untoward happens) amount in one lump sum, you can also take it in installments of 5, 10 or 15 years. With this the family will continue to get regular income. Special Rebate: Those who are already LIC customers (Existing Policyholders) or are nominees of a deceased policyholder will also be given the benefit of special rebate in premium on purchasing these new plans.