LIC Dhan Varsha Plan 866 Details, Benefits & Features | Dhan Varsha Plan LIC Premium Chart, Calculator | LIC Dhan Varsha Plan Benefits & Features
The largest life insurance company in the nation, LIC (Life Insurance Corporation), is constantly developing new strategies. This time, LIC has offered its customers a fantastic package. LIC Dhan Varsha Plan 866 is its name. It was recently launched. Numerous features are included in the LIC Dhan Varsha Plan 866, including bonus and ten times insurance. Through this article, we will give you all the important details about the LIC Dhan Varsha Yojana today so that you can invest in a life insurance firm and receive 10 times the risk coverage. As a result, you must carefully read this article through to the finish.
LIC Dhan Varsha Plan 866
Life Insurance Corporation of India LIC has introduced a new strategy known as the LIC Dhan Varsha Plan 866. Based on the LIC table number, the number 866 is the LIC Dhan Varsha plan. It is a non-participating, individual, saving, single premium life insurance policy. This provides you with both security and the ease of saving. You can get 10 times the risk insurance with a single premium plan. You will also benefit from a variety of amenities in addition to this. The Dhan Varsha plan from LIC requires only one premium investment. You won’t have to keep paying the premium.
The LIC Dhan Varsha Plan was introduced with the primary goal of offering security and the ease of saving. Single-premium plan to give consumers ten times the risk coverage. Additionally, the advantage of other amenities will be offered. The Dhan Varsha plan from LIC requires only one premium investment. You won’t have to keep paying the premium.
Customers get risk cover up to 10 times
Customers can receive a risk cover equal to 10 times the premiums paid under the LIC Dhan Varsha policy. This allows you to choose a Sum Assured up to ten times the cost of the premium. A sum promised is a set sum which the insurance provider promises to the clients when they reach maturity. You can purchase a policy with an amount assured of Rs. 10 lakh if you pay a premium of Rs 1 lakh. The LIC Dhan Varsha Policy is a single-premium plan that offers two choices.
Option 1: Customers who select Option 1 will receive 1.2 times the Sum Assured in comparison to the paid premium which indicates if someone has paid a single premium of 10 lakh. Additionally, the customer’s family will receive Rs 12.5 lakh in addition to the Guaranteed Addition Bonus in the event of his passing.
Option 2: By selecting the second option in LIC’s Dhan Varsha policy, the customer will receive a risk cover equal to 10 times the deposited premium. This indicates that in the event of death, 10 times the cash support will be provided. That means, if a single premium of 10 lakh was paid, in addition to the guaranteed bonus, the nominee, or the customer’s family, will also receive Rs 1 crore. Why choose the first choice when the second one offers ten times the risk-coverage money, you must be asking yourself. Let us therefore inform you that selecting the first option will result in a larger bonus than selecting the second.
How you can take LIC Dhan Varsha Plan
We must inform you that the LIC Dhan Varsha plan cannot be purchased online. This strategy will only be accessible offline. There are only two terms under the LIC Dhan Varsha plan. The initial term will last for ten years. Furthermore, the second term will last 15 years. Any of these terms are acceptable. The Guaranteed Bonus with Single Premium option is regarded well. The selection and term you select will determine the Guaranteed Bonus.
First Bonus Option: If you choose the first choice for the sum assured of more than 7 lakhs for a duration of 10 years, you will receive the first bonus option. As a result, if you select an amount assured of at least Rs. 7 lakh and a duration of 15 years, you will receive a guaranteed bonus of Rs. 70 per thousand. As a result, you will receive a bonus of Rs. 75 per thousand.
Second Bonus Option: If you choose this option with a 10-year term, there is a second bonus choice. So, you would receive a guaranteed bonus of Rs 35 per year. You will also receive a bonus of Rs. 40 per thousand if you select a period of 15 years. You receive less bonus while choosing this option since this option offers 10 times the risk cover.
Up to what age can take LIC Dhan Varsha Yojana
If you choose a 15-year term plan, you are covered in both options of the LIC Dhan Varsha insurance. The minimum age to purchase a policy will therefore be three years if you select a 10-year term. Therefore, he would have to be at least 8 years old to purchase the policy if you select the first option, the LIC Dhanvarsha policy. Therefore, if you are taking 10 times the risk cover, the maximum age to purchase the policy is 60. You can therefore enrol in this plan with a period of 10 years up until the age of 40. The maximum age for the second choice will be 35 if you choose a 15-year term.
Benefits and Features of LIC Dhan Varsha Plan 866
You can borrow money and surrender your insurance with a LIC Dhan Varsha policy, and the nominee can choose to receive their pension in instalments rather than all at once.
The LIC Dhan Varsha Plan is a non-participating, single-premium life insurance policy for individuals who save money. This provides you with both security and the ease of saving.
Customers who select the first choice will receive 1.2 times the money promised in comparison to the premiums paid which indicates if a person who paid a single premium of 10 lakh dies. The customer’s family will therefore receive Rs. 12.5 lakh in addition to the bonus that is guaranteed.
The customer who selects the second choice under LIC’s Dhan Varsha policy will receive risk coverage equal to 10 times the premium amount paid.
You simply need to make a single premium deposit for the LIC Dhan Varsha plan. You won’t have to keep paying the premium.