LIC launches new insurance policy Dhan Vriddhi! These benefits will be available including guaranteed returns, tax benefits

LIC Dhan Vriddhi Policy: This non linked, non participating individual savings plan is specifically aimed at meeting the insurance needs of the domestic market.

New Delhi. Government insurance company LIC (Life Insurance Corporation) has introduced a new insurance policy. It introduced a new term insurance scheme ‘Dhan Vriddhi’. Life Insurance Corporation of India (LIC) said in a statement that the sale of this insurance plan will stop on 30 September.

According to LIC, this non linked, non participating individual savings plan is aimed exclusively at meeting the insurance needs of the domestic market. The company said in its website that this policy gives an extra guarantee of up to Rs 75 on the sum assured of Rs 1000 only.

Tax Benefit

The most important thing about this scheme is that in this the policy holders will get tax benefit under Section 80-C of the Income Tax Act. In this plan, the policy holder can surrender at any time. Also, if the insured person dies in an emergency, then financial assistance is given to his family. Along with this, the insured person is also guaranteed a lump sum amount on the date of maturity.

You can invest money for 10, 15 or 18 years

In this scheme any customer can invest his money for 10, 15 or 18 years. In this, you can invest your money for at least 90 days to 8 years. In this scheme, you can invest your money for a maximum period of 31 years to 60 years. It offers a minimum sum assured of Rs 1.25 lakh which can be increased in multiples of Rs 5,000.

insurance Policy : While taking health insurance, definitely understand the fund of all limits! Otherwise the benefit will be only half, money will have to be paid from pocket.