LIC Dhan Varsha: Life Insurance Corporation of India ie LIC has brought such a scheme, in which up to 10 times money is available on investment. This scheme, which offers security as well as savings, can be of great use to you. Know about LIC’s Dhan Varsha 866 Plan:
New Delhi: LIC Dhan Varsha: Life Insurance Corporation of India ie LIC has brought such a scheme, in which up to 10 times money is available on investment. This scheme, which offers security as well as savings, can be of great use to you. Know about LIC’s Dhan Varsha 866 Plan:
LIC Dhan Varsha is single premium scheme
LIC’s Dhan Varsha scheme is single premium. If the insured dies, this policy provides financial assistance to his family. Also, the facility of double lump sum payment is also available under this policy.
This plan has to be bought offline
LIC Dhan Varsha is a non-participating, individual, single premium and savings insurance plan. This policy cannot be availed online. It can be bought only offline.
In LIC Dhan Varsha policy, death benefit is available before the date and maturity. That is, on the death of the insured, the family will get the sum assured. Basic Sum Assured with Guaranteed Additions on Maturity.
There are two options in the plan
There are two options in LIC Dhan Varsha plan. On choosing the first option, the return on premium deposited will be 1.25 times. That is, on the death of the insured on a single premium of 10 lakhs, the nominee will get a guaranteed addition bonus of Rs 12.5 lakh.
If you choose the second option under this plan, you will get 10 times risk cover. That is, in the event of the death of the insured on a single premium of 10 lakhs, the nominee will get Rs 1 crore.
Know how much return you will get
In the first option, if a 30-year-old person pays a one time premium of about Rs 8.86 lakh, then he will get the sum assured of about Rs 11.08 lakh. After the policy term is 15 years, you will get about Rs 21.25 lakh on maturity. On the death of the insured in the first year, the nominee will get about Rs 11.83 lakh and on the death of the 15th year, about Rs 22.33 lakh.
Similarly, in the second option, the basic sum assured will be Rs 10 lakh on an investment of about Rs 8.34 lakh, while the sum assured will get Rs 79.87 lakh on death.
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