LIC launches Jeevan Saathi Plus

The  proposer under the plan shall  be called  Principal Life Assured  (PLA)  and the other (wife/husband) shall be called Spouse Life Assured (SLA). PLA will pay premiums regularly at the chosen intervals over the term of the policy. The  minimum  annualised premium will be Rs10,000 increasing thereafter in multiples of Rs1,000 Alternatively, a Single premium can be paid subject to a minimum of Rs. 40,000.

The PLA can choose the level of cover (sum  assured) for both within the  limits, which  will depend on whether the policy is a single premium or regular premium contract, age and the amount of premium agreed to be paid.

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