This can be done with sed: sed 's/fields/fields\nNew Inserted Line/'
$ cat file.txt
line 1
line 2
fields
line 3
another line
fields
dkhs
$ sed 's/fields/fields\nNew Inserted Line/' file.txt
line 1
line 2
fields
New Inserted Line
line 3
another line
fields
New Inserted Line
dkhs
Use -i to save in-place instead of printing to stdout
sed -i 's/fields/fields\nNew Inserted Line/'
As a bash script:
#!/bin/bash
match="fields"
insert="New Inserted Line"
file="file.txt"
sed -i "s/$match/$match\n$insert/" $file