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LIC India has launched a new close ended single premium plan, LIC’s Dhan Vridhhi. The plan will be available till September 30, 2023.
LIC’s Dhan Vriddhi is a non-linked, non-participating, individual, savings plan which offers a combination of protection and savings.
The plan offers life cover along with maturity benefit. While the policy holder will get both sum assured on death and accrued income if he dies before the maturity, if he survives, he is entitled to get basic sum assured along with guaranteed income.
Also, it comes with maturity of 10, 15 or 18 years.