Recently LIC had introduced the money accumulation policy, so that the benefit of insurance can be given to more and more people. Wealth accumulation policy The insurer gets the benefit of guaranteed returns in the policy.
Life Insurance Corporation of India (LIC) is a popular insurance company, which offers insurance for every category. Along with this, the insurer can also invest if he wants. There is no market risk involved. Recently LIC had introduced the money accumulation policy, so that the benefit of insurance can be given to more and more people. Wealth accumulation policy The insurer gets the benefit of guaranteed returns in the policy.
What is LIC Dhan Sanchay Policy? Know all about this
Dhan Sanchay Policy of Life Insurance Corporation is a non-linked, non-participant taking, personal, savings, life insurance plan that offers both protection and savings. This plan gives financial assistance to the family in case of unfortunate death of the Life Assured during the policy term. It also provides guaranteed income. In addition, the pay off period also gives the benefit of maturity.
Know Under this plan, you can opt for the annual premium. Wherein the policyholder can choose the rider premium, additional premium and premium for model premium and loading premium, if any, excluding taxes. Whereas if single premium is opted by the policyholder then tax, rider premium, underwriting additional premium, if any, have to be opted. The premium amount has to be deposited in multiples of 1000.
How to get benefit of Rs 22 lakh in this policy
You will get benefit like this, this policy
LIC Dhan Sanchay Policy offers
LIC Dhan Sanchay Policy offers four options of benefits based on regular or annual premium payment. Option A: Level Income Benefit and Option B: Increasing Income Benefit can be availed in case of regular and limited premium payment.
Whereas in case of single premium payment, one can avail C: Single Premium Level Income Benefit and Single Premium Cover with D: Level Income Benefit.
In case of option A and B, the minimum sum assured on death of the policyholder under LIC Dhan Sanchay policy is Rs.3.30 lakh, while for option C it is Rs.2.50 lakh. For Option D, which is a single premium cover with level income benefit, the minimum sum assured on death is Rs 22 lakh.