This LIC Dhan Varsha policy gives 10 times risk cover with bumper returns. know the benefits.
LIC gives security cover to the people of the country through the Dhan Varsha policy along with bumper returns to the family.
Dhan Varsha Plan is a non-participating, individual, saving, single premium life insurance policy.
Dhan Varsha's policy offers protection as well as savings to its customers. In this, bumper returns are available on maturity.
In case of the untimely death of the insured during the policy term, his family also gets financial help.
This is a single premium policy. This means you have to pay only a one-time premium. In this, you are given two options.
Option 1: Guaranteed Addition Bonus Death Benefit of 1.25 times the premium Option 2: 10 times Death Benefit Guaranteed Addition Bonus
In this, you will be offered two terms according to your age, one for 10 years and the other for 15 years.
If you have bought a premium of Rs 10 lakh and have chosen the second option, then after death the family will get a guaranteed bonus of Rs 1 crore.
If the life assured is alive till the date of maturity, he/she gets Guaranteed Additions along with Basic Sum Assured
Maturity for a period of 15 years: The minimum age limit is 3 years and the maximum is 60 years.
Maturity for a term of 10 years: Minimum age limit 8 years and maximum 40 years
For complete information about LIC's Dhan Varsha policy, visit the official website of LIC.