Dhan Sanchay Plan is a non-linked, non-participating insurance plan. It provides security as well as savings facility. It provides guaranteed income benefit during the payout period from the date of maturity.
New Delhi. Life Insurance Corporation of India (LIC) is not only the largest insurance company in the country, but it is also considered to be the most trusted. 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. Only last month, LIC introduced a new policy Dhan Sanchay Plan.
Dhan Sanchay Plan is a non-linked, non-participating insurance plan. It provides security as well as savings facility. It provides guaranteed income benefit during the payout period from the date of maturity and guaranteed terminal benefit along with the last installment of guaranteed income benefit.
LIC’s Dhan Sanchay plan is for 5 years to a maximum of 15 years. This policy provides fixed income benefits. Loan lane facility is also available in LIC Dhan Sanchay plan. You can also get riders by paying extra money. This plan also provides financial assistance to the family in the event of the death of the life insured during the continuance of the policy.
There are four plans in the policy
A total of four types of plans have been introduced by LIC under the LIC Dhan Sanjay Plan. Under A and B plans, a sum assured of Rs 3,30,000 is given. Under Plan C, a minimum sum assured cover of Rs 2,50,000 will be given. Plan D will get a sum assured cover of Rs 22,00,000. The maximum premium limit has not been fixed for these plans. The minimum age to take the policy should be 3 years. For this 4 options have been given. The maximum age has been kept at 50 years in Option A and Option B, 65 years in Option C and 40 years in Option D.
The more years you pay the premium, the more years you will earn
This policy has a premium paying term of 5 years to 10 years and 15 years. For the number of years the premium is paid, the income will continue to accrue for that number of years. If you take a premium paying plan for 10 years, then you will continue to get regular income for 10 years in the future. The lowest premium for this policy is Rs 30,000 per annum, while there is no limit on the maximum premium. On the death of the account holder during the policy, a minimum sum assured of Rs 2.50 lakh will be available while the maximum amount can be received is Rs 22 lakh.
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