LIC’s New Jeevan Sathi – Single Premium

Non-par · Non-linked · Single premium

Single-premium individual plan from LIC’s 2026 range, with no market-linked risk.

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Single premiumPremium paying term

See the official brochure for the exact benefit formula.Sum assured

Plan highlights

What this plan gives you

The main features in plain words. The official brochure is the final word on every figure.

Single premium
No market-linked risk

Who it suits

People who prefer a one-time payment and fixed, non-market-linked benefits.

How it works

Pay once; benefits as per the brochure.

Step by step

How the plan runs

Start the planSum assured: See the official brochure for the exact benefit formula..

Pay premiumsSingle premium

At a glance

Eligibility and plan limits

A quick reference before you discuss a proposal. Underwriting and channel conditions apply.

Plan detail	As per summary
Plan number	888
UIN	512N393V01
Category	Endowment Plans
Plan type	Non-par · Non-linked · Single premium
Premium paying term	Single premium
Sum assured	See the official brochure for the exact benefit formula.

Important details

Policy conditions that apply to most LIC plans

Know the conditions, not just the headline.

Grace period

30 days for yearly, half-yearly and quarterly premiums; 15 days for monthly. Cover continues during this time.

Free look

30 days from receiving the policy document to return it if you do not agree with the terms.

Revival

A lapsed policy can usually be revived within 5 years of the first unpaid premium, with arrears, interest and proof of good health.

Surrender, paid-up and loan

A loan is available within surrender value after the first policy year (one full year’s premium paid); guaranteed surrender value needs two full years’ premiums.

Suicide within 12 months

If it happens within 12 months of the start of cover, the nominee receives 80% of premiums paid (policy in force).

Section 45

After three years a policy cannot be questioned except for proven fraud.

Quick answers

Questions families ask

Who is this plan for?

People who prefer a one-time payment and fixed, non-market-linked benefits.

What are the policy term and premium paying term?

Premium paying term: Single premium.

What sum assured can I choose?

See the official brochure for the exact benefit formula.

Will the amounts always be paid exactly as shown here?

This page is a summary. Actual benefits depend on the policy terms, premium payment status, the options chosen, underwriting and LIC’s official benefit illustration. The official brochure is the final word.

Want this explained in plain words?

Read LIC’s official brochure, compare the options, and I will help you choose what fits your family.

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This page is a summary. Benefits, eligibility and premiums can change: the official LIC brochure for the plan is the final word, and I will confirm current terms for you.