Dhan Sanchay Saving Plan is a brand-new insurance policy offered by the Life Insurance Corporation of India (LIC).
Beginning on June 14, investors can participate in the plan.
Investing is a hobby that lasts a lifetime. For their retirement years, most people seek out a savings and investment plan that offers the highest possible rate of return while also keeping them safe. With so many opportunities for investing, it can be difficult to decide where to put money. Do you wish to invest, yet find yourself uncertain about where to put your money?
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You can satisfy any of your questions right here. Let’s examine just such a strategy. For its consumers, LIC will continue to periodically roll out new plans. The Dhan Sanchay Saving Plan is a new life insurance policy offered by the Life Insurance Corporation of India. Beginning June 14, investors will be able to participate in the plan.
After the policyholder’s death, the policy’s beneficiary receives a lump sum equal to the premiums paid during the policy’s term. In addition, it provides a steady stream of funds for the policyholder during the payout period following the policy’s maturity. Additionally, guaranteed death benefits will be paid.
Time of full maturity
The maturity period might be anywhere between 5 and 15 years.
Dhan Sanchay, a savings plan offered by LIC, has many advantages.
Plan participants can choose from a variety of income options, including a fixed income, a single premium level income, and an increasing income benefit. A loan lane & riders are available to you as well.
Dhan Sanchay Investment Choices
Four different investment strategies have been made available by LIC under the programme. There is a death benefit of Rs 3,30,000 under both Plan A and Plan B’s Sum Assured. For Plan C, the minimum Sum Assured is Rs 2,50,000, while for Plan D, the minimum Sum Assured is Rs 22,00,000 upon death. For these policies, a maximum premium has not yet been established.
Requirements for Eligibility
A subscriber to a life insurance policy must be at least 3 years old to purchase coverage under Option A or B, 50 years old under Option C, 65 years old under Option D, and at least 18 years old under Option D. Depending on your risk tolerance, you can buy it anywhere from three years old to forty years old.
How to Get This Insurance
The LIC Dhan Sanchay Plan is available for purchase via agents and other intermediaries, as well as directly from LIC India via their website, www.licindia.in.
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