One of the best LIC Plans. I am fully satisfied with the terms & conditions of the plan. LIC Dhan Varsha perfectly blends with my insurance needs and is affordable as well. 5 stars to this amazing plan.Mrs. Jahnvi Singh
Mrs. Jahnvi bought the LIC Dhan Varsha plan in the month of November. She was looking for a plan wherein she can secure the future of her family after her demise, and offer them financial stability. After much consideration, and doing her research, she realized that LIC Dhan Varsha is an ideal plan for her.
LIC Dhan Varsha is a single premium plan that provides life protection as well as allows the policyholder to avail of the advantages of a savings plan. By paying the premiums for a single plan, a policyholder can ensure dual benefits for their loved ones.
Let us explore more about the LIC Dhan Varsha that convinced Mrs. Jahnvi to purchase this plan:
If the policyholder dies during the policy term, the nominee will receive the Sum assured on Death along with guaranteed additions. The amount of the Sum Assured on Death will depend on the option chosen by the policyholder:
Option 1: 1.25 times the premium amount charged against the basic sum assured
Option 2: 10 times the premium amount charged against the basic sum assured
Maturity Benefit
In case the policyholder survives till the end of the policy term, he/she will be eligible to receive maturity benefits. The maturity benefit paid under the plan will be Basic Sum Assured along with accrued Guaranteed Additions.
Guaranteed Additions
Depending on the chosen policy term, option and sum assured, a certain amount will accumulate at the end of each policy year. The total sum will be added to the maturity or death benefit.
Riders for enhanced protection
LIC Dhan Varsha allows the policyholder to enhance their protection by providing them with two rider options:
LIC’s Accidental Death and Disability Benefit Rider
LIC’s New Term Assurance Rider
Option to take Death & Maturity Benefit in Installments
Under this option, the policyholder has the option to receive Death or Maturity Benefit in installments over a period of 5 years instead of lump sum amount under the policy.
Policy Loan Facility
The policyholders can apply for a policy loan at any point of the policy term after the completion of 3 months from the day of policy purchase.
Tax Benefits
Premiums paid for LIC Dhan Varsha plan are eligible for tax deductions under the Income Tax Act.
Summing it up
Not just Mrs. Jahnvi, but the other customers who have bought LIC Dhan Varsha Plan have given 10 on 10 to the plan. The plan’s ability to secure the financial future of your loved ones as well as offer you the benefit of savings makes it one of the ideal LIC plans.
Lic Hub
The LIC of India offers an array of insurance and investment products to cater to the needs of a diverse range of customers. Let us take a look at the various types of plans offered by Life Insurance Corporation of India:
Tax Saving
Investment Plans
Senior Citizens
Kids Plan
Women
LIC for TAX Saving:
Enjoy the dual benefit of tax deductions under Section 80C and comprehensive insurance coverage with LIC’s tax-saving policies.
Explore LIC's top-performing plans, which provide the perfect blend of investment growth and insurance protection to achieve your financial aspirations.
LIC offers plans tailored for women, focusing on their unique needs. These plans include savings, life cover, and financial independence to secure a brighter future.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in