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Disclaimer: This plan was withdrawn by the LIC of India.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
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:-
++Returns are 10 years returns of Nifty 100 Index benchmark

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