Plan 89 Actuarion Engine 2026

LIC Jeevan Saathi Joint Life Premium & Returns Calculator

Model LIC's signature joint life endowment plan. Covers both spouses under a single contract with mutual protection benefits.

Joint Life Protection: Both husband and wife covered under one policy

Premium Waiver Benefit: Premium waived on the death of one spouse

Survival Benefit: Continues cover for the surviving spouse

Bonus Accruals over the policy term

Tax deductions for premiums u/s 80C

LIC Jeevan Saathi Inputs

LIC Jeevan Saathi (Plan 89) specialized calculator. Adjust your sliders to recalculate active returns.

1. Basic Sum Assured (₹)₹3,00,000

2. Age of Proposer/Insured (Years)30 Years Old

2b. Spouse Age (Years)30 Years Old

3. Policy Coverage Term (Years)20 Years

Premium Payment Frequency

Plan 89

Estimated Maturity Returns

₹5,67,000

Estimated returns payout at policy maturity

Actuarial Projections

Sovereign-backed security of sum assured and returns u/s 10(10D).
Eligible for annual premium tax exemptions under Section 80C.
Loan and policy surrender values accumulate continuously.

$First Year Premium:₹690

Renewal Premium (Year 2+):₹675

Total Estimated Premiums Paid:₹13,515

Basic Sum Assured:₹3,00,000

Accumulated Endowment Bonuses:₹2,52,000

Estimated Net Maturity Benefit:₹5,67,000

Returns Performance41.95x Return

Guide to LIC Jeevan Saathi Joint Life Plan (Plan 89)

LIC's Jeevan Saathi (Plan 89) is a participating joint-life endowment assurance plan. It enables a married couple to share a single life insurance policy. In the event of the demise of one of the partners, the sum assured is paid immediately to the survivor, future premiums are waived, and the cover continues on the survivor's life until the maturity date.

Plan Eligibility & Key Actuarial Limits

Policy parameter	Details and limits
Minimum Entry Age	20 Years (Spouses)
Maximum Entry Age	50 Years
Maximum Maturity Age	70 Years
Minimum Sum Assured	₹50,000
Maximum Sum Assured	No Limit
Policy Term	15 to 30 Years

Tax Benefits & Payout Options

Premiums qualify for Section 80C deductions. Death benefit payouts and maturity returns are 100% tax-free under Section 10(10D).

Frequently Asked Questions (FAQs)

What happens if one of the spouses passes away during the term?

On the death of one spouse, the basic Sum Assured is paid immediately to the surviving spouse. All future premiums are waived, and the surviving spouse continues to be covered for the maturity value at the end of the term.

Is Jeevan Saathi currently open for new purchases?

Plan 89 has been withdrawn by LIC for new customers, but this calculator serves existing policyholders to review their bonuses, premiums, and surrender values.

What is paid on maturity?

On survival of both spouses (or the survivor) to the end of the term, the basic Sum Assured plus accumulated bonuses are paid.

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Rajesh Kumar

Mumbai, Maharashtra

Term Insurance

2 weeks ago

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Priya Sharma

Delhi, NCR

Endowment Plan

1 month ago

"I used this calculator to compare different policy types. The breakdown helped me choose the right endowment plan for my family. Saved me a lot of time and confusion. Highly recommended!"

Amit Patel

Ahmedabad, Gujarat

Whole Life Plan

3 weeks ago

"Good tool for getting a quick estimate. The calculator is easy to use and provides clear results. However, I noticed the actual premium was slightly higher due to my medical history, which is expected."

Sneha Reddy

Bangalore, Karnataka

Endowment Plan

1 week ago

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Pune, Maharashtra

Term Insurance

2 months ago

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Chennai, Tamil Nadu

ULIP

3 weeks ago

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Kolkata, West Bengal

Endowment Plan

1 month ago

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Hyderabad, Telangana

Whole Life Plan

2 weeks ago

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