The Life Insurance Corporation of India (LIC) is set to launch two innovative joint life insurance plans in June 2026, aimed specifically at married couples. The New Jeevan Sathi Single Premium Plan requires a one-time premium payment and offers guaranteed additions of ₹70 for every ₹1,000 of the basic sum assured. Policyholders can choose between two death benefit options, with the flexibility to receive benefits in instalments over 5, 10, or 15 years. The New Jeevan Sathi Limited Premium Plan, on the other hand, allows for premium payments over a fixed period of 5, 10, or 15 years and includes a premium waiver benefit in case of the death of one spouse during the premium term. Both plans provide joint life cover, flexible payout options, and additional rider benefits for enhanced protection. The minimum basic sum assured for both plans is ₹3 lakh, and there is no upper limit, subject to LIC's underwriting policies. Customers can purchase these plans through various channels, including LIC agents and the official website.