CURRENT AFFAIRS : BANKING & FINANCE
LIC launches close-ended Dhan Vridhhi plan
- The Life Insurance Corporation of India (LIC) has launched Dhan Vriddhi, a single-premium, non-participating endowment plan.
- It is a limited-time guaranteed returns policy that will be available for purchase up to September 30, 2023.
- This plan provides financial support to the family in case of unfortunate death of the life assured during the policy term.
- It also provides a guaranteed lump sum amount on the date of maturity to the assured.
