LIC Dhan Varsha: Invest Rs. 10 Lacs and Receive Rs. 1 Crore in Return.

If you are looking for a plan that offers protection, savings, as well as high returns without the market risks, LIC Dhan Varsha is the one-stop solution for you. LIC Dhan Varsha provides financial support to your family in case of your unfortunate death within the policy term. This plan also offers a guaranteed lump sum on survival of the assured, at the end of the policy term. You can get over Rs. 1 Crore in return by investing a single premium of Rs. 10 Lacs. This plan can be purchased online or offline.  

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What is LIC Dhan Varsha?

Life Insurance Corporation (LIC) is a government-backed insurance company that recently launched its new endowment plan, LIC Dhan Varsha. It is a non-linked, non-participating plan, which means it is not affected by market risks and you will not be entitled to any profits declared by the company. The premiums can be paid in a single lump sum only. The plan is available with two sum assured options from which the policyholders can choose that is the most suitable.

How Does LIC Dhan Varsha Work?

With LIC Dhan Varsha, you can get benefits worth Rs. 1 Crore by investing just Rs. 10 Lacs in the plan. Let us see how it works.

Suppose you are 30 years old and have purchased the plan for a policy term of 15 years. Then for the basic sum assured of Rs. 10 Lacs, the two different options for sum assured will be as follows:

  • Option 1: 1.25 times the tabular premium of the chosen sum assured

  • Option 2: 10 times the tabular premium the chosen sum assured

For Option 1, the single premium will be Rs. 8,86,750, and the sum assured will be 11,08,438. Now for the policy term of 15 years, the amount to be received on maturity will be Rs. 21,25,000. In the case of the policyholder's unfortunate death within the first policy year the death benefit will be Rs. 11,83,438 whereas in the case of death during the 15th policy year, the death benefit will be Rs. 22,33,438.

For Option 2 the single premium will be Rs. 7,98,700 then the sum assured on death will be Rs. 85,87,000.

Benefits of LIC Dhan Varsha

Here is a list of the benefits offered by the LIC Dhan Varsha:

  • Death Benefit: The nominee will receive the sum assured on death and the accumulated guaranteed bonuses, in case of the policyholder’s untimely death.

  • Maturity Benefit: The policyholder will receive the sum assured on maturity along with the guaranteed additions at the end of the policy term, in case of survival of the policy term.

  • Guaranteed Additions: The plan offers guaranteed additions at the end of each policy year which will depend on the option chosen, the policy term, and the basic sum assured.

  • Add-on Riders: The policyholders can include any/both of the following riders in the base plan to increase their coverage: LIC’s Accidental Death and Disability Benefit Rider and LIC’s New Term Assurance Rider.

  • Policy Term: The policyholders can choose a policy term of either 10 years or 15 years.

In Conclusion

LIC Dhan Varsha is a plan that offers attractive returns on your investment while providing financial protection in case of an eventuality. Anyone looking to secure themselves or their loved ones can purchase this plan online or offline. 

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