If you are thinking of taking a good term insurance plan while saving your savings, then this news can be of use to you. Life Insurance Corporation of India, the country's largest insurance company, offers different insurance policies keeping in view the different needs of its customers.
The family will get financial security
This plan is beneficial for those users who are thinking of providing financial security to the family in case of any untoward incident in the future. Women get many benefits from this plan.
Actually, we are talking about LIC's money line policy in this article. This insurance policy of LI is a non-linked, non-participating, individual and savings plan. The customer gets the entire money in one go on the maturity of the policy.
Who can take the LIC money line policy?
After taking this policy, if the policyholder dies in the middle, then 125 percent of the amount is given as financial security to the family members. This plan can be taken by any Indian citizen. If you want to take LIC's Dhan Line policy with a term plan of 40 years, then for this the minimum age of the policyholder is 90 days and the maximum is 55 years.
Similarly, for a term plan of 30 years, the minimum age of the policyholder is 2 years and the maximum is 45 years. If you take a policy for a term of 20 years, then the age for this is minimum 3 years and maximum 35 years.
Women policyholders get more benefits
LIC's Dhan Line policy comes with special benefits for women. Women get the option of a single premium in this policy. Women policyholders can avail single premium for 10, 15 and 20 years.
Apart from this, there is also a special discount on premiums for women. In this policy of LI, the customer also gets service benefits. Before investing, customers can check the terms and conditions of the scheme from the official website of LIC.
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