LIC’s Dhan Varsha policy is a unique offering from Life Insurance Corporation of India which combines the benefits of a life insurance policy with long term savings. This scheme is going to close from 1st April.
New Delhi. LIC has launched many different types of special policies for its customers. One of the same is LIC Dhan Varsha Plan. By investing in this plan, you can get risk cover up to 10 times. At the end of the policy term, the policyholder receives the Basic Sum Assured along with a guaranteed lump sum amount as maturity benefit. The most important thing is that investment in this policy can be started from an early age. But let us tell you that the opportunity to invest in it is only till March 31, 2023. This scheme is going to close from 1st April.
LIC’s Dhan Varsha policy combines the benefits of a life insurance policy with long term savings. It gives policyholders an opportunity to secure their future and financial stability of their family by paying a lump sum premium amount. Under this, customers are offered to choose two policy terms. The premium has to be paid only once in this policy.
Will get a return of 93 lakhs
Under LIC Dhan Varsha scheme, you get a chance to invest from a total of two options. In the first, you get a return of 1.25 times the premium. In this case, if you deposit a single premium of Rs 10 lakh, then the nominee will get Rs 12.5 lakh as death benefit. On the other hand, in case of death of the policyholder, you can get a return of up to 10 times.
If the policyholder dies in the 10th policy year, the nominee will get Rs 91,49,500 (Rs 87,49,500 + Rs 4,00,000). If the policyholder dies in the 15th policy year, the nominee will receive Rs 93,49,500 (Rs 87,49,500 + Rs 6,00,000). In this case, you will get a return of Rs 1 crore on an investment of Rs 10 lakh. On the other hand, if a policy holder survives till the completion of the plan, then in such a situation he gets the benefit of Guaranteed Additions along with the Basic Sum Assured.
Know what are the rules of investment
The policyholder gets tax benefit under section 80C and section 10(10D) of the Income Tax Act. If you want to buy this plan, then you have only 3 days left. LIC Dhan Varsha policy can be purchased by paying a single premium through various modes of payment such as cash, cheque, demand draft, or online through the LIC portal. Option 1 (for policy term of 10 years) – 60 years, Option 2 (for policy term of 10 years) – 40 years, Option 1 (for policy term of 15 years) – 55 years, Option 2 (for 15 years For policy term of) years) – is 35 years.
