: LIC introduces new plan ‘Dhan Varsha’ #FinanceIndia #StockMarketNEWS #Business Panaji: Life Insurance Corporation of India has introduced ‘Dhan Varsha’, a single premium plan that offers protection
@stockMarketNEWS Tue 25 Oct, 2022
LIC introduces new plan ‘Dhan Varsha’ #FinanceIndia #StockMarketNEWS #Business
Panaji: Life Insurance Corporation of India has introduced ‘Dhan Varsha’, a single premium plan that offers protection and savings. It provides financial support for the family in case of unfortunate death of the life assured during the policy term, and a guaranteed lump sum amount on the date of maturity for the surviving life assured.
The proposer can choose a term of either 10 years or 15 years. The minimum age at entry for the 10 year term is 8 years and 3 years for 15 year term. The maximum age at entry varies from 35 years to 60 years depending on the term and option of sum assured on death chosen. The minimum basic sum assured is `1,25,000.
In case of age at entry of the life assured is less than 8 years, the risk will commence either 2 years from the date of start of the policy or from the policy anniversary coinciding with or immediately following the attainment of 8 years, whichever is earlier. For those aged 8 or more, the risk will commence immediately from the date of issuance of the policy.
The post LIC introduces new plan ‘Dhan Varsha’ appeared first on The Navhind Times.
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