HomeNewsbusinessLIC launches Dhan Sanchay life insurance plan

LIC launches Dhan Sanchay life insurance plan

LIC launches Dhan Sanchay life insurance plan – Life Insurance Corporation of India (LIC) announced a non-linked, non-participating, individual, savings life insurance plan named Dhan Sanchay life insurance plan, offering a combination of protection and savings. Dhan Sanchay plan can be purchased offline through agents, as well as online.

  • It offers a guaranteed income benefit during the payout period from the date of maturity, and a guaranteed terminal benefit payable with the last instalment of GIB.
  • The Dhan Sanchay plan is available for a term of a minimum of 5 years to a maximum of 15 years.
  • The Plan will also provide level income benefit, increasing income benefit, single premium level income benefit and single benefit.
  • The minimum sum assured for the plan for Options A & B is Rs 3,30,000, Option C is Rs 2,50,000, and Option D is Rs 22,00,000.
  • There is no limit for maximum premium.
  • The minimum age at entry is 3 years.

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