LIC introduces Dhan Varsha, a single-premium plan

On October 17, (LIC) introduced its Dhan Varsha plan, which allows investors to contribute once and get long-term rewards.

It is a single, non-linked, non-participating premium.

The plan guarantees financial support for the family in the event of the untimely death of the life guaranteed within the policy term.

Benefits offered:

If the life assured survives the maturity date, the base sum assured plus accumulated guaranteed additions will be paid.

The guaranteed additions would be accumulated at the end of each policy year, throughout the policy term, and would be determined by the option selected.

It offers two options for death. One is 1.25 times of tabular premium for the chosen basic sum assured and second option is 10 times of tabular premium for chosen basic.

Read more stories