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Disclaimer: This plan was withdrawn by the LIC of India.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

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Tax benefit are for Investments made up to Rs.2.5 L/ yr and are subject to change as per tax laws.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:-

Ulip Insurer2
Average Rating
(Based on 4 Reviews)

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LIC Jeevan Saathi Plus Reviews & Ratings

4.8 / 5 (Based on 73 Reviews)
(Showing Newest 10 reviews)
Chalakudy, April 16, 2021
Easy claim settled
I bought the Lic India term plan from the suggestion of my family friend and he recommended me a lot of plans. He said that the claim settlement ratio is quick and easy. Also, it is protective plan.
Balasore, April 16, 2021
Child security fulfilled
I have bought a Lic India child plan online and it has been a year now. I like the way the this works. It is a nice plan I got for my child’s security.
Asifabad, April 14, 2021
Additional riders
Along with my Lic India term insurance plan I have got the additional riders too. It has been an important thing for me and can be useful at any point in time. It can be added with a minimal amount.
Mainpuri, April 14, 2021
Low premium
The premium rate of the child insurance plan of LIC India which I bought 3 years ago is best and it was under my budget. I was searching for some good plans related to child insurance. I got the way of buying this plan and loved it.
Lakhimpur Kheri, April 13, 2021
Tax rebate
I bought a Lic India term insurance policy online and it has been into my budget. Also, I like one thing that I would able to get the tax benefits under it. It is a good option and can be beneficial for all tax payers.
Babina, April 13, 2021
Maturity benefits to get
It is easy to get the maturity benefits when LIC India child plan gets matured and my child would get a better return. It would be easy for him to get the best education and can go for a higher education abroad.
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.
Raghunathpur, April 09, 2021
Happy customers
I am one of the happiest customer of Lic India term plan and I have found various good deals. It is the plan which has come under my budget. And it has been a protective shield for me and my family.
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.
, April 09, 2021
Good Benefits
It is important for everyone to understand that benefit is must when you are buying a child insurance plan. I bought a beneficial child plan of LIC India.
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