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LIC Schemes For Husband-Wife | Future financial security and family protection has become an important issue for every married couple today. In the wake of rising inflation, economic uncertainty and sudden crises, the need for insurance coverage has increased these days. Similarly, the country’s largest insurance company LIC has launched 2 new joint life insurance schemes for husband and wife. The biggest feature of these schemes is that both husband and wife will get life cover under the same policy, along with the benefit of guaranteed return.

LIC has named these two new plans as ‘New Jeevan Saath Single Premium’ and ‘New Jeevan Saath Limited Premium’. Both these plans are specially designed for married couples. Often spouses take different insurance plans, which increases the cost of premiums and makes management difficult. But with these new plans, financial planning will become easier as both will get insurance cover in one policy. LIC Schemes For Husband-Wife

According to LIC, these schemes will be available from June 2026 through both online and offline channels. Customers can purchase these plans through LIC agents, authorized brokers or through the company’s authorized channels. Therefore, it will be easy for customers in cities as well as rural areas to benefit from this.

The biggest feature of this ‘New Jeevan Saath Single Premium’ scheme is that customers will have to pay the premium only once. Both will get life cover for the entire policy term after paying the amount once. This scheme is considered to be especially beneficial for those people who have trouble paying frequent installments. According to LIC, the scheme offers a guaranteed increase of Rs 70 on every Rs 1,000 of basic sum assured. Customers will also have the option of choosing a policy term of 10, 15, 20 or 25 years. In this scheme, the minimum sum assured starts from 3 lakhs. LIC Schemes For Husband-Wife

On the other hand, the ‘New Jeevan Saath Limited Premium’ plan is beneficial for customers who cannot afford to pay the premium amount in one lump sum. In this scheme, customers can pay the premium in installments over a period of 5, 10 or 15 years. Interestingly, this scheme offers a guaranteed increase of up to 7% on the annual premium paid. Hence, along with long-term savings, the benefit of insurance coverage will also be available.

Another important feature of this plan is the premium waiver facility. If one of the spouses dies during the policy period, the remaining premium is waived off. This will help in reducing the financial burden on the family in difficult situations and will keep the insurance coverage intact. This is considered as a big relief for consumers as many insurance plans do not have such a facility.

LIC has provided another important option keeping in mind the needs of the customers. Instead of taking the entire amount of maturity or death benefit at once, customers will have the option of taking it in installments of 5, 10 or 15 years. It can create financial support like regular income. This option can be useful especially for post-retirement or long-term family expenses. LIC Schemes For Husband-Wife

If you and your partner are looking for future financial security, long-term savings and joint insurance coverage, then these new joint life insurance plans from LIC can be a great option. But before taking any plan, it will be more beneficial to take a final decision by knowing its terms, premiums, benefits and risks in detail.