Traditional life insurance policies cover a single individual. However, for married couples sharing financial responsibilities and mortgages, a single demise can jeopardize the surviving partner's lifestyle. LIC's New Jeevan Sathi structure (Plan 888 Single Premium and Plan 889 Limited Premium) introduces a specialized joint-life framework that protects both spouses under a unified policy.
🛡️ The 3 Pillars of LIC Jeevan Sathi Protection
Dual Life Coverage
Both husband and wife are covered simultaneously under a single policy document, eliminating duplicate administrative costs.
Automatic Premium Waiver
Upon the first death of either spouse, death claim is paid immediately AND all future premiums are 100% waived without reducing maturity benefits.
Guaranteed Additions
Plan 888 Single Premium includes guaranteed additions of ₹70 per ₹1,000 Sum Assured accrued every single year.
⚖️ Plan 888 (Single Pay) vs Plan 889 (Limited Pay)
| Parameter | Plan 888 (Single Premium) | Plan 889 (Limited Premium) |
|---|---|---|
| Payment Mode | One-Time Lump Sum | Yearly / Half-Yearly (Limited) |
| Guaranteed Additions | ₹70 per ₹1,000 SA / year | Participating Bonus Accumulation |
| Entry Ages | 18 to 60 Years | 18 to 55 Years |
| Minimum Sum Assured | ₹3,00,000 | ₹2,00,000 |
Ready to Calculate Joint Premiums?
Use our dedicated interactive calculator for Plan 888 with ₹70/₹1k guaranteed additions.