Dhan Varsha plan is a non-participating, individual, saving, single premium life insurance policy, which offers protection as well as savings to the customers.
In the festive season, Life Insurance Corporation of India (LIC) has launched Dhan Varsha Policy 866 for its customers. This is a single premium plan of LIC. This plan offers LIC customers to choose between two policy terms. In this, you can get all the benefits like guaranteed maturity, bonus, risk cover ten times the premium. Know about this wonderful scheme.
10 times sum assured
Dhan Varsha plan is a non-participating, individual, saving, single premium life insurance policy, which offers protection as well as savings to the customers. Sum Assured can be taken up to 10 times the premium amount of this policy. That is, if you deposit 1 lakh rupees, then you can get up to 10 lakh rupees on maturity.
Risk cover up to 10 times
Under this plan, you need to pay a single premium. In this you are given two options. On opting for the first option, the death benefit will be 1.25 times the premium with guaranteed addition bonus, while on opting for the second option, the family will get 10 times the death benefit along with the guaranteed addition bonus. If you have bought a premium of Rs 10 lakh and opted for the first option, then the family will get Rs 12.5 lakh with guaranteed bonus and if you have opted for the second option, then after death, the family will get Rs 1 crore with guaranteed bonus. The guaranteed bonus will be based on both the option and the term you choose.
Policy can be bought offline
You can buy all the policies of LIC online, but you will have to buy the Dhanvarsha scheme offline only. In this, you will be offered two terms, one for 10 years and the other for 15 years. The age limit to buy it is from 3 years to 60 years. In LIC’s Dhan Varsha policy, customers also get the facility of loan and surrender.
