 Public sector insurance company Life Insurance Corporation of India (LIC) has introduced a non-linked non-participating individual savings life insurance policy.
According to LIC, special premium rates have been kept for women in this policy. Apart from this, provision of third gender has also been made in it.
Fixed portion to be given as ‘Survival’ benefit
Life Insurance Corporation of India (LIC) said that in this insurance policy named ‘Dhan Rekha’, a fixed part of the Basic Sum Assured will be given as ‘Survival’ benefit at regular intervals, provided the policy is in working condition. Ho. On maturity of the policy, the policyholder will be given the full Sum Assured without deducting the amount already received. A minimum sum assured of Rs 2 lakh can be kept under this scheme while there is no limit on the maximum amount.
Policy can be taken in the name of the child from 90 days to 8 years
As per the Life Insurance Corporation of India (LIC) policy terms, it can be taken in the name of the child from 90 days to the age of 8 years. Similarly, the maximum age limit is also from 35 years to 55 years. The policy has the option of Limited Premium. It can be taken for 20 years, 30 years and 40 years. On Limited Premium Option, the premium will have to be paid only for half the number of years for which the policy is taken.
How to take 40 year plan
According to the Life Insurance Corporation of India (LIC), the holders can take a 20-year plan with a minimum age of 8 years and a maximum of 55 years. If you take a 30-year plan, then the age should be between 3 years to 45 years. Whereas for the maturity plan of 40 years, the age should be 90 days to 35 years.
