LIC New Jeevan Sathi – Limited Premium
A joint-life endowment plan for married couples with limited-term premiums and a premium waiver if one spouse dies first.
Overview
LIC New Jeevan Sathi – Limited Premium (Plan 889) is a non-linked, non-participating joint-life endowment plan from LIC of India, covering both spouses under a single policy. Premiums are paid over a limited term rather than the full policy term. A key feature is that if one spouse dies during the premium-paying period, future base premiums are waived while cover continues for the surviving spouse. The plan builds guaranteed additions and pays a maturity benefit if at least one spouse survives the term. Exact sum assured limits, guaranteed addition rates, death benefit options and full terms are set out in the official LIC brochure and policy document.
Policy term & premium payment
- Policy term
- As specified in the official LIC brochure
- Premium frequency
- Yearly / Half-yearly / Quarterly / Monthly (as permitted by LIC), over a limited premium-paying term shorter than the policy term
Who may consider this plan
Married couples who want joint life cover, guaranteed savings, and built-in protection for the surviving spouse if the other dies during premium payment.
Important notes
All figures, eligibility limits and benefit details must be confirmed from the official LIC brochure and policy document before purchase.
This page describes the plan type as published by LIC of India and does not reproduce or estimate premium rates, bonus rates, returns or guarantees. Refer to the official LIC brochure and policy document before purchase. Official source: LIC of India. Verification against the official brochure is carried out by the advisor at the time of enquiry.