LIC (Life Insurance Corporation of India) has recently launched a new fixed-term insurance plan called ‘Dhan Vridhi.’ This plan offers customers a unique opportunity to secure their future with guaranteed returns.
However, it is important to note that applications for this scheme will only be accepted between 23rd June 2023 and 30th September 2023, after which the policy will no longer be available.
Let’s delve into the details and benefits of this plan:
Apply Now for ‘Dhan Vridhi’ Plan
LIC’s ‘Dhan Vridhi’ plan is a non-linked, non-participating, individual, saving, and single premium life insurance plan.
The sale of this scheme commenced on 23rd June 2023. Designed to provide a combination of protection and savings, it offers customers a comprehensive financial solution.
Financial Security for Family Members
In the unfortunate event of the policyholder’s demise during the policy term, ‘Dhan Vridhi’ plan ensures that the family members receive full financial assistance.
Additionally, on completion of the maturity period, a guaranteed amount will be provided to the policyholder.
Policy Tenure Options
The ‘Dhan Vridhi’ plan is available for tenures of 10, 15, and 18 years, allowing customers to choose the most suitable duration.
The plan offers a minimum basic fixed amount of Rs 1.25 lakh, with the flexibility to increase it in multiples of Rs 5,000.
Tax Exemption Benefits
Policyholders can enjoy tax exemption benefits under Section 80C of the Income Tax Act, 1961, with a maximum exemption limit of up to Rs 1.5 lakh.
The age of entry for this plan ranges from 32 to 60 years, depending on the chosen tenure and option. Additionally, investors have the option to surrender the policy at any time.
Single Premium Policy
The ‘Dhan Vridhi’ plan is a life insurance single-premium policy that offers both savings and protection throughout the chosen term.
With an additional guarantee of up to Rs 75 per Rs 1,000 sum assured, this plan ensures enhanced financial security.
Seize the Opportunity for a Prosperous Future
LIC’s ‘Dhan Vridhi’ plan presents a limited-time opportunity for individuals seeking financial stability and guaranteed returns.
Act now and apply for this comprehensive insurance plan before the application window closes on 30th September. Don’t miss out on the chance to secure your future with LIC’s ‘Dhan Vridhi’ plan.
