LIC Jeevan Saathi Plus

Our life gets complete with a reliable Jeevan Saathi that stands by our side during our life's ups and downs. Similarly, LICs Jeevan Saathi Plus plan is a dependable partner to look after your financial needs while providing life cover protection. LIC Jeevan Saathi Plus is a ULIP based single policy that ensures life protection to the couple. Under the policy, the proposer is termed as Principal Life assured (PLA), whereas the spouse is termed as Spouse Life assured (SLA).

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The proposer decides the Sum assured for the couple depending on the age, the premium payable, and the premium paying term (single/regular). In the case of the PLA's death during the policy term, the future outstanding premiums are waived. Besides, PLA gets the option to select between four investment fund types to choose from.

Disclaimer: This plan was withdrawn by the LIC of India.

Eligibility for LIC Jeevan Saathi Plus Policy



Policy Tenure

For Regular premium - 10, 15 ,or 20 years

For Single premium - 10 - 20 years

Premium Paying Term
(Minimum premium)

Regular premium (other than Monthly ECS mode) –

Rs. 10,000 per/ annum – for a Policy term between 15 to 20 years

Rs. 15,000 per/ annum – for a Policy term of 10 years

The regular premium for Monthly ECS mode –

Rs.1000 per month - for a policy term between 15 to 20 years.

Rs.1500 per month - for a policy term of 10 years.

Single premium – Rs. 40,000

Premium Paying Mode

Yearly, Half–Yearly, Quarterly, Monthly (only through - ECS mode)

Entry Age

Minimum Age - 18 years

Maximum Age - 55 years

Maturity Age

70 years

Grace Period

30 days

Sum Assured

Minimum Sum Assured

Regular premium: 5 times Annualized premium (for each of PLA & SLA)

Single premium: 1.25 times Single premium (for each of PLA & SLA)

Maximum Sum Assured (Inclusive of PLA + SLA + Satisfying the minimum Sum assured condition)

Regular Premium:

If the age of both the couple at entry is up to 40 years – 30X the Annualized premium

If either one of them is 41 years or above - 20X the Annualized premium.

Single Premium:

If both of them are up to 40 years of age (at entry) – 5X the Single premium.

If either one of them is 41 years or above – 2.5X the Single premium.

Additionally, the Sum assured for SLA should be equal or less to PLA and also satisfying the Minimum Sum assured condition.


No loan is available, however partial withdrawal is allowed after the third Policy year.

Benefits of the LIC Jeevan Saathi Plus Policy

The key benefits of this LIC Plan are as follows:

Top-up Premium – A PLA can pay the top-up premium (in multiples of Rs.1000) during the Policy term without the Sum assured increased.

Partial Withdrawal – A PLA can withdraw a partial amount by encashing the units after the third Policy year.

Tax Benefits – The premium paid is exempt from income tax under Section 80C; similarly, maturity benefits are also tax-free under Section 10(10D) of the IT Act, 1961.

*Tax benefit is subject to changes in tax laws

The Premium for LIC Jeevan Saathi Plus insurance

Under the LIC Jeevan Saathi Plus Insurance premium, the policyholder's premium can be paid in the Yearly, Half–Yearly, Quarterly, Monthly (only through - ECS mode) mode.

The premium payment term (for minimum premium) is:

Regular premium (other than Monthly ECS mode) –

Rs. 10,000 per/ annum – for 15 to 20 years Policy term

Rs. 15,000 per/ annum – for 10 years Policy term

Regular Premium for Monthly ECS mode –

Rs.1000 per month - for 15 to 20 years Policy term

Rs.1500 per month - for 10 years Policy term

Single premium – Rs. 40,000

*Standard T&C Apply

To determine the premium amount payable for the desired sum assured at maturity, a policyholder can use the LIC premium calculator

Additional Riders for LIC Jeevan Saathi Plus policy

Contact the insurer for more details about riders available in the LIC Jeevan Saathi plan.

What are the Documents required to Buy this Plan?

A policyholder has to produce the following documents to buy the LIC Jeevan Saathi Plus plan.

  • Proof of Identity: PAN card, Aadhar card, Passport
  • Address proof: Ration card, Utility bills
  • Age proof: Municipality certificate
  • Photos and income proof

How to Buy this Plan Online?

To buy the LIC Jeevan Saathi Plus plan online, an applicant has to follow the simple steps given underneath:

Step 1: Visit the LIC website and select the premium and the policy term

Step 2: After filling in the details of the application form, submit it with other required documents

Step 3: Pay the premium amount through any payment mode permissible

Exclusions of the LIC Jeevan Saathi Plus policy

Suicide is excluded under the policy. If PLA commits suicide within one year of the policy inception date, then the SLA will be eligible to get the fund value available on the policyholder's death. However, in SLA's case of committing suicide within one year of policy inception, the company will not entertain the claim.

LIC Jeevan Saathi Plus - FAQs

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LIC Jeevan Saathi Plus Reviews & Ratings

4.2 / 5 (Based on 12 Reviews)
(Showing Newest 10 reviews)
Lakhimpur, April 12, 2021
I feel safe and secured for my family when I will be not around. The Lic India ULIP plan will give the better returns and maturity benefits. And will be quite helpful for my family to sustain their future.
Mota Chiloda, April 09, 2021
Great plan
I am happy with this plan and have recommended many people for the same. I bought the Lic India ulip plan 2 years back and It is a best kind of investment.
Krishna, April 07, 2021
Dual benefit plan
I have recently bought a lic India ulip plan which is a dual benefit plan which provides with insurance and also investment. I like it and bought it. I have got various features under the same.
Aushgram, March 23, 2021
Great plans
I have founded my type of investment plan and its name is LIC Ulips plans. I really like this plan and have been secured for a longer period of time. It is a product which works on market trend and is one of the best type of investment.
Lakhawati, March 22, 2021
Premium easy to pay
One of the best feature I like about LIC ULIP plan is that you can make the premium payment online. I bought this plan for the growth of me and my family. It will give a best result and outcome. I am happy that I bought this plan. Even the premium rates are reasonable.
Bangalore, March 16, 2021
Less risky
I always wanted to invest in some or the other best investment plan and thought of getting it of LIC of India ULIP plan. It is easy to buy online and do not have to go anywhere. I just checked few plans online Bought it. It is less risky and provides great benefits.
Banarpal, March 02, 2021
Renew it online
It is easy to renew the LIC India Ulip plan from the online portal. I took this plan 3 years back and I renew it on timely basis. I can make the payment of the premium very easily. That’s the best part. And would get best returns.
Abu Road, February 22, 2021
Buy online
It is easy to buy a lic India Ulip plan from the online portal. I bought it online by comparing various plans and policies into the website. It is really easy and quick.
Dasarathpur, February 16, 2021
Good plans
I have bought a lic India Ulip plans and It is an investment plan for my and my family’s future needs and securities. I am happy to tell this thing because this plan is perfect for me and my wants. I have been into a great investment plan.
Banarpal, March 19, 2019
Dual benefits plan
I am a business man and with LIC Ulip Plan I am enjoying dual benefits of premium paid and insurance protection. Good Service.
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