Jeevan Saathi – LIC of India

Features
This policy is issued on the lives of the husband and wife provided the female’s life belongs to
Category I or is actively engaged in her spouse’s business.

Special Features
In case of death of any one of the policyholder the surviving partner gets the sum assured, the
premium is stopped and on death or maturity full Sum Assured along with bonus is paid back.

Benefits

Survival Benefits:
If one or both the lives survive to the maturity date, the sum assured, along with the
accumulated bonus, is payable.

Death Benefits:
In case either of the couple dies during the policy’s term, two things happen. One, LIC pays to
the surviving spouse the full Sum Assured. And, two, the policy continues on the life of the
surviving partner without him/her having to pay any further premiums, i.e. the life cover on
the survivor continues free of cost.

The Sum Assured is again payable on the death of the other partner in case both the husband
and wife were to die during the term of the policy. Vested bonus would also be paid along with
the Sum Assured on the second death. In such a case, the death benefit is double the Sum
Assured, which is why the policy is called Jeevan Saathi ‘Double Cover’ Joint Life Plan.

Suitable For:
This policy protects the incomes of both husband and wife, also grants equivalent benefits to
the survivor in case neither survive the policy term period.

1 comment for “Jeevan Saathi – LIC of India

  1. Elena
    September 17, 2015 at 7:39 am

    Dear Punit, I am an existing pocliy holder for LIC. I have 2 Policies which comes to around 1.5 lacks. And now I am going to invest money on Jeevan Nischay , Can’t I invest more than 15k here? Coz I have gone through the pocliy before and I have come to know that someone can’t invest more than (1 / 10) times of your total pocliy hold.. Please suggest me.

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