LIC Jeevan Saathi
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| Launch Date | Table No. | UIN | Status |
| 1/7/1985 | 89 | 512N081V01 | Withdrawn |
About LIC Jeevan Saathi
- LIC Jeevan Saathi plan is simple pure endowment plan which offers good bonus on maturity
- A plan that provides a double joint life covers for a person along with his/her spouse
- Flexible premium paying policy term
- This plan offers tax benefits too
How does this Plan work?
Under this LIC Jeevan Saathi plan, an individual opts to pay regular premiums for a policy term chosen from between 15 to 35 years. After the policy term gets over, on maturity the individual receives maturity benefit, which consists of Sum assured and accrued bonus. Suppose, if in case of unfortunate death of the spouse/individual during the policy, the individual/spouse receives sum assured and the remaining premiums are waived off with the continuity of the policy. Further if in case on death of the last survivor too, the nominee receives Sum assured and accrued bonus as death benefit
Let’s understand this better by an illustration,
Consider,
Person’s age: 35 years
Policy term: 25 years
Sum assured: Rs. 1 lakh
35 years old person pays a regular annual premium of Rs. 5361/ for a policy term of 25 years under the LIC Jeevan Saathi plan, to get a double joint life cover for himself and his wife. After the policy gets over he receives Rs 1 lakh and accrued bonus, if he/his wife/both survive as maturity benefit. Suppose if his wife/ he dies during the policy term, then the surviving spouse gets Sum assured of Rs 1 lakh. Further if in-case death occurs of the surviving spouse as well, during the policy term then the nominee gets Rs. 1 lakh and accrued bonus.
Riders & Add On
Accidental Death and Disability Rider: In this rider the nominee/ family receives the sum assured after the insured’s accidental death or dismemberment or permanent disability.
COMPARE & BUY SIMILAR PLANS
Bonus History
Company Name : Life Insurance Corporation of India
Plan Name : Jeevan Mitra, Jeevan Sathi and Limited Endowment
| BonusYear | RevBonus | MinPT | MaxPT | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2004 | 4.80% | <16 | ||||||||
| 2004 | 5.20% | 16 | 20 | |||||||
| 2004 | 5.80% | >20 | ||||||||
| 2005 | 4.20% | <16 | ||||||||
| 2005 | 4.60% | 16 | 20 | |||||||
| 2005 | 5.10% | >20 |
Bonus explained: For a sum assured of Rs. 100000/-, if the bonus declared is 4.2% or Rs 42/- per thousand, then the amount of Rs 4200/- gets accumulated into the policy for that year.
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