Blog · 6 Jul 2026
LIC New Jeevan Sathi Limited Premium | Unbiased Review
LIC has launched a new joint-life guaranteed savings product called LIC New Jeevan Sathi, Limited Premium (Plan no 889) and is available for purchase f…
LIC has launched a new joint-life guaranteed savings product called LIC New Jeevan Sathi, Limited Premium (Plan no 889) and is available for purchase from 1 June 2026.
This is a non-linked, non-participating, guaranteed return joint-life insurance plan where a married individual can buy a single policy covering both spouses. It is marketed as a unique joint-life traditional savings plan designed specifically for couples (“Two lives, One promise, Secured together”). This post takes a clear, numbers-first look at the plan using figures from the official brochure. It goes beyond the marketing to work out the exact IRR (Internal Rate of Return) and see whether it is worth adding to your portfolio.
Key Features of LIC New Jeevan Sathi This plan is a Non-Participating, Non-Linked, Joint Life, Limited Premium Endowment Savings Plan. Joint Life Cover: Both you and your spouse are insured under a single policy. Limited Premium Payment Term (PPT): You do not need to pay premiums for the entire duration of the policy.