Latest LIC Policy Offers Benefits Worth ₹22 Lakh On Maturity

India’s largest insurance company Life Insurance Corporation of India LIC is just like an exclusive store when it comes to securing your future with a targeted insurance policy. LIC’s portfolio is extremely wide to serve every individual belonging to any age group. Policies are highly effective as the company along with the products are all backed by the Government. Well, whatever LIC offers Indians love it because they know the schemes are risk-free while offering high returns than too with low investments. After Bank FDs and Post office schemes, LIC policies are favoured by us the most. That’s why we have decided to enlighten our readers about a new LIC launched policy which ensures the welfare of the holder’s family in case of sudden death.

Latest LIC Policy Offers Benefits


LIC’s Dhan Sanchay Policy is a featured, two-way benefit offering scheme which serves both as a protection and savings. It is an individual savings life insurance program scheme. This new scheme offers a major benefit to the family of the insured in case of his or her sudden death during the active term. It will also serve as an assisting income stream till the date of maturity.

LIC Dhan Sanchay Policy ensures the terminal benefit as well as income benefits till the maturity date during the payout period.

Moreover, “Annualized Premium shall be the premium amount payable in a year chosen by the policyholder excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any. Single-Premium shall be the premium amount chosen by the policyholder excluding the taxes, rider premiums, and underwriting extra premiums if any. You can choose the Annualized Premium / Single Premium in multiples of `Rs 1,000.”


“ 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”.

Also read:

How To e-Verify ITR Via Net-Banking? Last Date To File ITR For 2021-22

As per LIC’s policy documents, “In cases of Options A and B, the minimum sum assured on death of the policyholder under the LIC Dhan Sanchay Policy is Rs `3.30 lakh, while for Option C, it is Rs 2.50 lakh. For option D, which is the Single Premium enhanced cover with Level Income Benefit, the minimum sum assured on death is as much as Rs 22 lakh. “Death benefit payable on the death of Life Assured during the policy term after the date of commencement of risk but before the stipulated date of maturity shall be Sum Assured on Death.”

Find Your Daily Dose of NEWS and Insights - Follow ViralBake on WhatsApp and Telegram

Rishabh Sharma

Rishabh is an experienced content writer and editor, he is working for Viralbake to cover a diversified range of categories. His articles mainly focus on providing information, being a travel guide, educating others, and also making people aware of technology, after all, he is a technophile. When not writing he can be found gaming, watching movies, and travelling.

Related Articles

Back to top button

AdBlocker Detected

Please Disable Adblock To Proceed & Used This Website!