LIC launches new ‘Dhan Varsha’ plan

LIC launches new ‘Dhan Varsha’ plan: Life Insurance Corporation (LIC) has launched a new scheme ‘LIC Dhan Varsha.’ This is a non-linked, non-participating, individual, savings life insurance plan that offers a combination of protection and savings.

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This is a close ended plan and would be available for sale till March 31, 2023. Premiums can be paid in single (lumpsum) payment mode only. The policy can be surrendered by the policyholder at any time during the policy term.