LIC Dhan Sanchay Policy: Life Insurance Corporation of India (LIC) is not only the largest insurance company in the country, but it is also considered the most reliable. This is the reason why LIC is the first choice for insurance of millions of people across the country.
LIC keeps on introducing new policies from time to time. Today we will tell you about LIC’s money saving policy (LIC Dhan Sanchay Policy). In this policy, you get many tremendous benefits along with guaranteed returns.
LIC Dhan Sanchay Plan is a non linked, non participating, individual saving life insurance plan, which works to provide the facility of life insurance cover along with savings. Under this policy, in case of death of the policyholder, financial assistance is provided to the family during the policy term. It provides guaranteed income benefit during the payout period from the date of maturity and it also provides guaranteed terminal benefit along with the last installment of guaranteed income benefit.
How much is the term of wealth accumulation policy?
Wealth accumulation policy can be taken for a period of 5 to 15 years. The policyholder also gets the facility of loan in this policy. Along with this, you can also avail riders by paying extra. In case of death of the policyholder during the policy term, the death benefit is given to the family of the policyholder.
4 options for investment in the plan You are given 4 options in this plan. A sum assured of Rs 3,30,000 is given under Plan A and B, a minimum sum assured cover of Rs 2,50,000 under Plan C and a sum assured of Rs 22,00,000 under Plan D.
What is the minimum age to invest?
The minimum age to take the policy should be 3 years. At the same time, the maximum age limit varies according to the plan. The maximum age for Plan A and B is 50 years, 65 years for Plan C and 40 years for D.
You can buy this policy for 5, 10 and 15 years for the number of years you pay the premium, the number of years you earn. For the number of years the premium is paid, there is income for the same number of years later. The minimum premium under this policy is Rs 30,000 annually.
