LIC’s new policy: In the new plan, a fixed part of the sum assured will be given as survival benefit at regular intervals. For this the policy should be in running condition.
LIC’s new policy: Life Insurance Corporation of India ie LIC (Life Insurance Corporation) has launched a new money back policy. This non-linked non-participating individual savings life insurance policy named Dhanrekha will give a sum assured of up to 125 per cent. Along with this, two types of premium payment option has also been given in this. Know all the important things about it:-
- In the new plan, a fixed portion of the Sum Assured will be given as survival benefit at regular intervals, although for this the policy should be in running condition.
- The most important thing is that on maturity of the policy, the policyholder will be given the full Sum Assured without deducting the amount already received.
- Special premium rates have been fixed for women in the new policy.
- Provision has also been made for third gender in this policy.
- Minimum Sum Assured of Rs.2 lakh can be kept. There is no limit on the maximum amount.
- Can be taken in the name of a child of 90 days to a child up to eight years of age. The maximum age limit is from 35 years to 55 years.
Three Term Option
This new policy named Dhanrekha has been launched for terms of 20, 30 and 40 years.
One can invest for any of these terms.
For a term of 20 years, premium will have to be paid for up to 10 years.
For the term of 30 years, premium has to be paid for 15 years.
For a term of 40 years, it is necessary to pay premium for 20 years.
Single premium option is also available in this policy.
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