Business
27 May, 2026
LIC launches revamped Jeevan Sathi policy
Business To Business, New Delhi, 27th May, 2026: Life Insurance Corporation of India (LIC) on Wednesday launched its revamped New Jeevan Sathi plan, a joint-life insurance product combining savings and protection benefits for married couples.
The scheme was introduced by LIC CEO and MD R Doraiswamy and includes two variants:
- New Jeevan Sathi (Single Premium)
- New Jeevan Sathi (Limited Premium)
Both variants are designed as
joint-life policies, covering both spouses under a single insurance plan.
Key features of the plan include:
- Coverage for both husband and wife in one policy
- Combination of life insurance protection and savings accumulation
- Financial security for the family in case of unforeseen events affecting either insured individual
LIC said the product aims to address the growing demand for simplified, family-oriented insurance solutions that integrate protection with long-term savings.
As India’s largest insurer, LIC continues to expand its product portfolio to cater to changing household financial planning needs, particularly in urban and middle-income segments seeking bundled insurance and investment options.