LIC Dhan Sanchay Plan 865 was launched by the Life Insurance Corporation of India (LIC) on June 14, 2022, and was withdrawn on January 1, 2025. It is a non-linked, non-participating, individual savings life insurance plan that combines savings with protection.

What is LIC Dhan Sanchay Plan 865?

LIC Dhan Sanchay Plan 865 is designed to provide a guaranteed income stream during the payout period starting from the maturity date. It offers life cover protection, providing financial assistance to the family in case of the unfortunate death of the insured during the policy term. It is a savings-cum-insurance product that ensures regular income and financial security for the policyholder’s dependents.

The plan is available for policy terms ranging from 5 to 15 years and offers different benefit options to suit various financial needs and preferences. It provides flexibility in premium payments—either regular, limited premium payment or single premium payment options.

Key Features of LIC Dhan Sanchay Plan 865

• Type of Plan: Non-linked, non-participating, individual savings life insurance.
• Launch Date: June 14, 2022.
• Withdrawn Date: January 1, 2025.
• Policy Term: Minimum 5 years and maximum 15 years.
• Premium Payment Term: Can be the same as the policy term or limited to fewer years depending on the option chosen.
• Sum Assured on Death: Minimum Rs. 3,30,000 for Options A & B, Rs. 2,50,000 for Option C, and Rs. 22,00,000 for Option D.
• Minimum Entry Age: 3 years (completed).
• Maximum Entry Age: Varies by option, ranging from 40 to 65 years.
• Guaranteed Income Benefit: Paid during the payout period.
• Guaranteed Terminal Benefit: Lump sum payable with the last installment of the income benefit.
• Loan Facility: Available to meet liquidity needs.
• Death Benefit Payout: Lump sum or installments over 5 years as chosen.
• Purchase Mode: Available both online via LIC’s official website and offline through agents or other LIC intermediaries.

Eligibility Criteria for LIC Dhan Sanchay Plan 865

Criteria	Details
Minimum Entry Age	3 years (completed)
Maximum Entry Age	Options A & B: 50 years (Nearest Birthday) Option C: 65 years Option D: 40 years
Policy Term	Options A & B: 10 or 15 years Options C & D: 5, 10 or 15 years
Minimum Sum Assured	Options A & B: Rs. 3,30,000 Option C: Rs. 2,50,000 Option D: Rs. 22,00,000

Benefit Options Under LIC Dhan Sanchay Plan 865

The policyholder can choose one of the following four benefit options at the time of purchasing the plan. This choice cannot be changed later.

1. Option A – Level Income Benefit

• This option offers a fixed guaranteed income payable during the payout period after the premium paying term or policy term.
• Premiums are paid regularly or for a limited term.
• The income amount remains the same throughout the payout period.

2. Option B – Increasing Income Benefit

• The guaranteed income increases by a fixed rate every year during the payout period.
• Premiums are regular or limited.
• Helps to counter inflation by providing increasing income over time.

3. Option C – Single Premium Level Income Benefit

• A lump sum single premium is paid.
• Guaranteed income is paid at a fixed level during the payout period.
• Suitable for those who want to invest a lump sum amount and get a steady income afterwards.

4. Option D – Single Premium Enhanced Cover with Level Income Benefit

• Single premium payment with enhanced life cover.
• Guaranteed income is paid at a fixed level.
• Provides higher death cover compared to other options.

Benefits of LIC Dhan Sanchay Plan 865

Guaranteed Income Benefit (GIB)

This is a payout that starts from the maturity date as per the chosen option and policy terms. The income can be level or increasing depending on the option. It is paid either monthly, quarterly, half-yearly, or yearly based on the policy terms.

Guaranteed Terminal Benefit (GTB)

This is a lump sum benefit payable along with the last installment of the Guaranteed Income Benefit, helping complete the maturity benefit.

Death Benefit

In case of the unfortunate death of the insured during the policy term, the nominee receives the Sum Assured on Death either as a lump sum or in installments spread over 5 years, depending on the option selected. This ensures financial protection for the family.

Loan Facility

The policyholder can avail of loans against the policy to meet immediate financial needs.

How to Use LIC Dhan Sanchay Plan 865 Calculator

The LIC Dhan Sanchay Plan 865 calculator helps prospective policyholders estimate their premium payments and maturity benefits based on their inputs such as age, policy term, premium payment tenure, sum assured, and chosen benefit option. It provides a detailed illustration including:

• Annual or single premium payable.
• Guaranteed income installments during the payout period.
• Total maturity benefit combining income installments and terminal benefits.
• Death benefit payable to nominees in case of the insured’s demise during the policy term.

Using the calculator is simple:

1. Enter the age of the insured.
2. Choose the policy term (5, 10, or 15 years depending on the option).
3. Enter the sum assured desired.
4. Select the benefit option (A, B, C, or D).
5. Specify the premium paying term or choose single premium.
6. The calculator will display premium details and projected benefits.

This tool aids in planning finances better and understanding the returns and protection LIC Dhan Sanchay offers.

Important Points to Remember

• The plan’s minimum entry age is 3 years; the maximum age varies by option.
• Risk coverage starts immediately for individuals above 8 years; for younger children, coverage begins after completion of two years or upon attaining 8 years of age, whichever is earlier.
• This plan was withdrawn from sale on January 1, 2025, so it is no longer available for new customers.
• The option to receive death benefits in installments over 5 years offers flexibility in nominee payouts.
• This plan is suitable for individuals looking for a savings plan combined with life insurance protection and a guaranteed income after maturity.

Where to Buy LIC Dhan Sanchay Plan 865?

Before its withdrawal, the plan was available both offline and online:

• Through LIC agents and intermediaries.
• At LIC branch offices.
• Directly on LIC India’s official website.

For similar or updated plans, always refer to the official LIC website or consult authorized LIC agents for the latest information.

Frequently Asked Questions

Conclusion

LIC Dhan Sanchay Plan 865 was a unique savings and insurance product launched by LIC on June 14, 2022. It offered a blend of guaranteed savings and life insurance protection with various benefit options to suit diverse financial goals. Though withdrawn on January 1, 2025, it served as a promising option for individuals seeking regular income streams post maturity along with the security of life cover.