LIC Dhan Varsha Plan: LIC runs many schemes for the convenience of the people. One such scheme of LIC is LIC Dhan Varsha. By investing in this scheme, you can get a risk cover of up to 10 times. Investment in this policy can be started from an early age.
Whether you do job or business. Saving is very important. The government also runs many schemes for the convenience of the people. If invested in the right scheme, you can get a good specific bank balance on maturity. Most of the people in the country start investing in one or the other scheme as soon as they start earning. However, many times people do not get good returns on maturity if the scheme is not selected properly.
But if invested in the right scheme, you can get handsome returns. Today we are going to give you information about one such government scheme. By investing in this scheme, you can get a risk cover of up to 10 times. This is a scheme that can give you good returns on paying one time premium.
You can start investing in this scheme from an early age.
The scheme we are talking about is of LIC. The name of this scheme is LIC Dhan Varsha Plan. LIC’s Dhan Varsha policy is a great offering from Life Corporation of India ie LIC. This plan combines the benefits of a life insurance policy with long term savings. In this policy, policyholders get a chance to secure their future and financial stability of their family by paying a lump sum premium amount. In this scheme, customers are offered two policy terms to choose from.
The policyholder has to pay the premium only once. In this scheme, the policyholder gets both savings and security together. If the policyholder dies, the fund money is given to his family or nominee. The scheme also offers a guaranteed lump sum amount on maturity. You can start investing in this scheme from a very young age. LIC Dhan Varsha Policy is a non-participating, personal, single premium and a savings insurance plan. You cannot buy it online. It can be bought offline only. For this you have to go to LIC’s office and apply there.
How to get 93 lakh rupees?
In this plan of LIC, you get a return of up to 10 times the amount of the premium. If you start investing at a young age, you can earn good returns in LIC Dhan Varsha 866 plan by paying a lump sum premium of Rs 10 lakh. LIC has 2 options in this policy. In this, on selecting the first option, the policyholder gets a return of 1.25 times the premium deposited.
Think of it this way, if the policyholder dies on a single premium of Rs 10 lakh, then the nominee will get a guaranteed return of Rs 12.5 lakh as an additional bonus. On the other hand, if the policyholder chooses the second option, then he gets up to 10 times the risk cover. In this, if the policy holder dies on single premium, then the nominee gets one crore rupees. Consider it as if a 35-year-old individual buys a policy with a Basic Sum Assured of Rs 10 lakh, a policy term of 15 years and Policy Option 2.
The single premium (excluding taxes) payable will be Rs.8,74,950. The rate of Guaranteed Addition is Rs.40 per Rs.1000 Basic Sum Assured. So 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). If the policyholder survives the policy term, he/she will receive Rs 16,00,000 (Rs 10,00,000 + Rs 6,00,000).
