Life Insurance Corporation of India introduced a new plan Dhan Sanchay with effect from 14.06.2022 which is Non Linked, Non-participating, Individual, Savings Life Insurance Plan which offers a combination of protection and savings. It provides Guaranteed income Benefit during the Payout Period from the date of Maturity, and Guaranteed Terminal Benefit payable with the last instalment of GIB.
The plan is available for a term of minimum 5 to maximum 15 years. Plan provides Level Income Benefit, Increasing Income Benefit, Single Premium Level Income Benefit & Single Premium enhanced cover with Level Income Benefit as per the choice of the customer.
Maturity benefit shall be payable in the form of Guaranteed Income Benefit and Guaranteed Terminal Benefit. The plan provides financial support for the family in case of unfortunate death of the Life Assured during the term of the policy after the commencement of risk.
