LIC Dhan Sanchay Plan-865 Policy is a unique life insurance plan that combines life coverage with a savings component, allowing you to build wealth over time.
Offered by the Life Insurance Corporation of India (LIC), this plan is designed for individuals who want life security along with assured payouts. With guaranteed returns, life coverage, and a flexible premium payment structure, LIC Dhan Sanchay can be an ideal choice for individuals seeking a balance between life insurance and savings growth.
What is LIC Dhan Sanchay Plan-865 Policy?
LIC Dhan Sanchay is a non-linked, non-participating life insurance savings plan, meaning it isn’t tied to market risks, so your returns are stable and guaranteed.
This policy provides regular payouts and a maturity benefit at the end of the term, offering financial security to you and your family. With life coverage and reliable savings growth, Dhan Sanchay is suitable for individuals looking for steady income benefits and a substantial maturity payout.
Key Features of LIC Dhan Sanchay Plan-865 Policy
- Guaranteed Returns: The plan offers fixed, guaranteed payouts, providing a steady source of income throughout the policy term.
- Life Cover Protection: LIC Dhan Sanchay provides life coverage, which means your family will receive a lump-sum benefit in the event of your untimely demise.
- Flexible Premium Payment Options: You can choose different premium payment terms (single or limited) that best fit your financial situation.
- Maturity Benefit: At the end of the policy term, you’ll receive a maturity benefit, including the sum assured and guaranteed additions, providing a substantial payout.
- Loan Facility: You can take a loan against the policy after it acquires a surrender value, giving you financial flexibility if you need funds.
Why Choose LIC Dhan Sanchay Plan-865?
- Assured Income with Guaranteed Returns: LIC Dhan Sanchay’s assured returns provide financial security through periodic payouts, helping cover expenses during the policy term.
- Family Financial Protection: In the event of the policyholder’s passing, LIC Dhan Sanchay provides a death benefit to the nominee, securing your family’s future.
- Flexibility in Premium Payment: You can select a single premium payment option or a limited period payment option, making it convenient based on your financial needs.
- Significant Maturity Benefit: The policy offers a lump-sum maturity benefit along with guaranteed additions, providing a financial cushion for future goals.
Eligibility for LIC Dhan Sanchay Plan-865 Policy
| Feature | Details |
|---|---|
| Minimum Entry Age | 3 years |
| Maximum Entry Age | 60 years |
| Policy Term | 10, 15, or 20 years |
| Premium Payment Modes | Single Premium, Limited Premium |
| Minimum Sum Assured | Depends on chosen plan options |
Benefits of LIC Dhan Sanchay Plan-865 Policy
LIC Dhan Sanchay offers various benefits that cater to both life cover and savings needs. Here’s a breakdown of what you can expect:
- Guaranteed Income Benefits: The policy provides fixed income payouts at intervals during the policy term, giving you regular income.
- Death Benefit: In case of an unfortunate event, the policy pays a death benefit to the nominee, helping support your family’s financial needs.
- Maturity Benefit: At the end of the policy term, the policyholder receives a lump sum maturity benefit along with guaranteed additions, creating a substantial final payout.
- Loan Facility: The policy allows for loans once it acquires a surrender value, offering financial flexibility when needed.
- Tax Benefits: Premiums paid are eligible for deductions under Section 80C of the Income Tax Act, and the maturity benefit is tax-free under Section 10(10D), making it tax-efficient.
How to Apply for LIC Dhan Sanchay Plan-865?
You can apply for LIC Dhan Sanchay by visiting your nearest LIC branch, consulting an LIC agent, or applying online through the LIC official website. Make sure to review all policy details, eligibility criteria, and required documentation before applying.
FAQs
1. What are the guaranteed returns in LIC Dhan Sanchay?
- LIC Dhan Sanchay provides fixed income benefits at specific intervals during the policy term, giving you regular financial support.
2. Can I take a loan against LIC Dhan Sanchay Policy?
- Yes, once the policy has acquired a surrender value, you can take a loan against it, offering financial flexibility when required.
3. What happens if I survive the entire policy term?
- If you complete the policy term, you’ll receive a maturity benefit, which includes the sum assured along with any guaranteed additions, providing a substantial final payout.
4. Does LIC Dhan Sanchay offer any tax benefits?
- Yes, premiums paid are tax-deductible under Section 80C, and the maturity benefits are tax-free under Section 10(10D), making it a tax-efficient policy.
5. Who can buy the LIC Dhan Sanchay Policy?
- The policy is available for individuals between the ages of 3 and 60, making it accessible for a broad range of people looking for savings growth and life cover.
Conclusion
LIC Dhan Sanchay is a reliable life insurance plan that combines guaranteed returns with life cover, helping you secure your family’s future while building your savings. Its regular payouts, significant maturity benefit, and flexible premium payment options make it a smart choice for those looking to grow their wealth with stability.
With LIC Dhan Sanchay, you can ensure financial security for yourself and your loved ones while meeting future financial goals with peace of mind.
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