The country’s largest insurance company LIC (LIC) gives such an option to the people, through which the family can also be given security cover along with bumper returns.
In today’s time, along with securing your future, it is also necessary to worry about the safety of the family. The time of Kovid has made people understand very well that difficulty can come to anyone at any time. The country’s largest insurance company LIC (LIC) gives such an option to the people, through which the family can also be given security cover along with bumper returns. If you are also looking for such an investment plan, then you must know about Dhanvarsha Policy 866 (Dhan Varsha Policy).
Dhanvarsha Policy 866
Dhan Varsha Plan is a non-participating, individual, saving, single premium life insurance policy, which offers savings as well as protection to its customers. That is, through this policy, bumper returns are not only available on maturity, but also if there is an untimely death of the insured person during the policy period, then the family also gets financial help from that situation.
Risk cover up to 10 times
Under this plan you need to pay a single premium. In this you are given two options. If you choose the first option, you will get a death benefit of 1.25 times the premium with guaranteed addition bonus, while if you choose the second option, the family will get 10 times the death benefit with guaranteed addition bonus.
If you have bought a premium of Rs 10 lakh and have chosen the first option, then the family will get Rs 12.5 lakh with guaranteed bonus and if you have chosen 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 term chosen by you.
Maturity benefits
If the life assured is alive till the date of maturity, he/she gets Guaranteed Additions along with the Basic Sum Assured. Guaranteed Additions accrue at the end of every policy year. In this you will be offered two terms, one for 10 years and the other for 15 years. The maximum age for investing in both these options is different.
this is the age limit
If you choose a term of 15 years, then the minimum age limit for buying the insurance is 3 years and maximum 60 years and in the second option the minimum age limit is 8 years and maximum 40 years. In LIC’s Dhan Varsha policy, customers also get the facility of loan and surrender. For more details visit licindia.in/ website.
