LIC's New Jeevan Sathi Single Premium (Plan 888) is a joint life endowment savings plan specially designed for married couples. By paying a single premium at the beginning of the policy, both husband and wife receive life insurance protection under one policy while building guaranteed savings for the future.
 

One Policy for Both Spouses

Instead of maintaining separate insurance policies, both husband and wife receive coverage under one policy, making policy management simple and convenient.

 

One-Time Premium

There is no need to remember annual premium due dates. A single payment provides protection for the entire policy term.

 

Guaranteed Savings

Since the plan is non-linked, your policy benefits are not affected by stock market fluctuations. Guaranteed Additions help increase the maturity value over time.

 

Financial Protection

The plan provides financial support to the surviving spouse in the unfortunate event of the death of one life assured, subject to the policy terms and conditions.

 

Advantages

Avail Tax Benefit on premium paid

Tax Free Maturity Amount

Tension Free Claim Settlement

Eligibility Conditions

Before purchasing LIC's New Jeevan Sathi Single Premium (Plan 888), applicants should meet the following eligibility conditions:

Marital Status

Entry Age

* Minimum Entry Age: 18 years (completed) for both lives.
* Maximum Entry Age: As prescribed by LIC for the selected policy term.

Minimum Basic Sum Assured

* ₹3,00,000.

Maximum Basic Sum Assured

* No upper limit, subject to underwriting and LIC guidelines.

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 rules.

Premium Payment

This is a Single Premium Plan, meaning the entire premium is paid only once at the beginning of the policy.

Medical Requirements

Medical examination requirements depend on the age of the lives assured, the Basic Sum Assured, medical history, and LIC's underwriting norms.