The Life Insurance Corporation of India (LIC) will launch two new life insurance policies in June - the New Jeevan Sathi Single Premium and New Jeevan Sathi Limited Premium.
The plans are designed for couples looking for both financial protection and long-term savings under a single policy.
These plans are non-par, non-market-linked and come with guaranteed additions and fixed benefits, offering policyholders certainty on returns and payouts.
The New Jeevan Sathi single premium is a non-par, non-linked, life, individual and savings plan. This is a joint life single premium endowment plan with guaranteed addition. This plan offers a combination of saving and protection.
This is a non-par product under which benefits payable on death or survival are guaranteed and fixed irrespective of actual experience. Hence, the policy is not entitled to any discretionary benefits like bonus, or share in surplus.
The New Jeevan Sathi limited premium is a non-par, non-linked, life, individual, savings plan. This is a joint life limited premium endowment plan with guaranteed addition.
This plan offers a combination of saving and protection.
This is a non-par product under which benefits payable on death or survival are guaranteed and fixed irrespective of actual experience. Hence, the policy is not entitled to any discretionary benefits like bonus, etc, or share in surplus.