LIC introduces new insurance policy with facility to surrender anytime including wealth enhancement, tax exemption
Life Insurance Corporation has announced another policy plan. LIC has named this much awaited new product as LIC’s Dhan Vridhi. It is a non linked, non participating individual savings plan. LIC hopes that this scheme can make a big difference. Life Insurance Corporation of India’s Dhan Vridhi Yojana aims to meet the insurance needs of the domestic market. Along with this, the insurance holder also has to provide financial security. Under this scheme, people will get comprehensive life insurance, which will have security, growth and financial stability. This insurance scheme launched under the Life Insurance Corporation of India will take care of the needs of the insurance holder.
This plan will meet all the needs
This insurance scheme was launched on 23 June 2023. On behalf of LIC, it has been said that it strengthens the rules to meet the growing needs of its customers. This scheme will fulfill all the needs of the insurance holder and will also remove the problems of the customers.
Features of LIC Dhan Vridhi Plan
This policy is a life insurance single-premium policy, which offers a combination of savings and protection during the policy term. According to the website of Life Insurance of India, this policy offers an additional guarantee of up to Rs 75 per Rs 1,000 sum assured. The policyholder will be eligible for tax exemption under section 80-C. This means that insurance holders who buy this policy can get a discount of up to Rs 1.5 lakh. The policyholder can surrender at any time during the policy term.
LIC keeps on introducing new policies from time to time.
Significantly, Life Insurance Corporation of India is the leading insurance company of India, which has launched insurance policies for every category. It has insurance plans ranging from children to the elderly. The company has also introduced schemes for marriage of girls. Also, new policies are brought based on the needs of the market and the people.
