LIC launches Dhan Sanchay life insurance plan

The Life Insurance Corporation of India (LIC) has launched a new plan called Dhan Sanchay, which is a non-linked, non-participating, individual savings life insurance plan that provides both protection and savings. This plan offers financial assistance to the family in the event of the life assured's untimely death within the policy's term. It also offers a guaranteed income stream from the date of maturity until the end of the payout period, stated an LIC press release. LIC Dhan Sanchay benefit options Following benefit options are available at inception: In case of Regular/ Limited premium payment: Option A: Level Income Benefit Option B: Increasing Income Benefit In case of Single premium payment: Option C: Single Premium Level Income Benefit Option D: Single Premium enhanced cover with Level Income Benefit The benefit option once chosen at incepti .. Read more at: https://economictimes.indiatimes.com/wealth/insure/lic-launches-dhan-sanchay-life-insurance-plan-check-details/articleshow/92335812.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst