Life Insurance Corporation of India (LIC) has announced the launch of two new insurance products, the LIC’s New Jeevan Sathi – Single Premium and LIC’s New Jeevan Sathi – Limited Premium. Both offerings are categorized as non-par, non-linked individual savings plans. These products are designed exclusively for the domestic market and will be available for purchase starting from June 01, 2026, expanding the company’s diverse portfolio of financial offerings.
Expanding the Savings Portfolio
As part of its ongoing efforts to provide comprehensive financial security to its policyholders, Life Insurance Corporation of India is introducing two additions to its savings product lineup. Both the New Jeevan Sathi – Single Premium and New Jeevan Sathi – Limited Premium plans are structured as non-par, non-linked individual savings vehicles, ensuring a clear and stable approach for customers looking to secure their financial future.
Availability and Market Reach
These new products have been developed to cater specifically to the needs of the domestic Indian market. Following the announcement on May 22, 2026, the corporation confirmed that customers can begin accessing these plans effective June 01, 2026. By offering both single and limited premium payment options, the company provides greater flexibility for policyholders to manage their financial commitments according to their personal cash flow requirements.
Source: BSE
