LIC Dhan Sanchay Policy Benefits: Life Insurance Corporation of India is the largest and oldest insurance company in the country. It keeps on launching different types of policies for its customers from time to time. Through this, it opens the doors of investment for people of every section of the country. Recently the company has launched a new insurance policy. The name of this policy is LIC Dhan Sanchay Plan. By investing in this policy, you can get the benefit of insurance cover as well as savings. Along with this, in case of death of the policyholder before maturity, his family also gets the benefit of death benefit. Let’s know the details of LIC’s wealth accumulation policy-
What is LIC Dhan Sanchay Policy?
It is worth noting that the Dhan Sanchay Plan launched by LIC is a Non Linked, Participating, Individual, Savings Plan Life Insurance. The special feature of this plan is that it also gives the benefit of guaranteed income benefit to the investors in the layout period before maturity. In such a situation, people get guaranteed terminal benefit in the last premium.
Know the details of LIC Dhan Sanchay Policy-
Investors can buy this policy for a tenure ranging from 5 to 15 years. Investors also get the facility of loan on this scheme. If the policyholder dies during this time period, then in such a situation, he will also get the benefit of death benefit to the family. One of the most important things about this policy is that it gives you a total of four investment options. In options A and B, you get a minimum sum assured of Rs 3,30,000. Whereas in Option C, the value of Sum Assured is Rs 2,50,000. At the same time, in the last option i.e. D of this policy, the investor gets a sum assured of Rs 22,00,000.
investment age
There is no limit on the maximum benefit in this. You must be at least 3 years old to buy this policy. At the same time, the maximum age varies according to the option. The maximum age limit is 50 years in A and B, 65 in C and 40 years in D.
Will get full benefit of 22 lakhs
You can invest in this policy for 5, 10 and 15 years. The special thing is that for how many years you will invest the returns of this scheme for so many years. If you choose a 10 year plan, there will be income for 10 years. The minimum premium in this policy is Rs 30,000 per annum. In this plan, on the death of the investor, a minimum of Rs 2.50 lakh and a maximum of Rs 22 lakh can be received.
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