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LIC — Endowment Plans
LIC's New Jeevan Sathi - Limited Premium (Plan 889)
Premium
₹120/Day
Sum Assured
₹1 Lakh - No Limit
Term
15-30 Years
Premium Paying
Limited Premium (PT - 5 years)
Key Features
Couple plan with limited premium payment
Joint life coverage for husband and wife
Pay for shorter period, coverage continues
Participation in profits - reversionary bonuses
Loan facility available
Tax benefits under Section 80C & 10(10D)
Benefits
Maturity Benefit
Sum Assured + Vested Bonuses + Final Additional Bonus
Death Benefit
Higher of 7x Annualized Premium or 125% of Basic SA + Vested Bonuses
Available Riders
Accident Benefit RiderPremium Waiver Benefit Rider
Eligibility
Age: 18-55 years (both spouses), Min SA ₹1 Lakh
Highlights
Couple plan with limited pay - finish premium early, stay covered together