BUMPER RETURN! Pay Single Premium in This LIC Scheme, Get Millions- Check Calculator Here

New Delhi: Investing for the future is always a good idea, and Indian citizens have a wide range of investment options to choose from. Investing in insurance is one of the risk-free ways to secure yourself and your family’s future. Indians love to have insurance from LIC, and there are many different LIC policies to choose from. So if you want to invest without any tension or risk, then this plan of LIC will be best for you.

In this LIC Dhan Varsha 866 plan, you can pay a premium of Rs 10 lakh and get lakhs. ,Also read: Back with a bang! Invest Rs 71 a day in LIC, get Rs 48.5 lakh on maturity; check return calculator, other details,

death benefit:

Death Benefit payable on death of the Life Assured during the policy term after the date of commencement of risk but before the date of maturity shall be the “Sum Assured on Death” along with accrued Guaranteed Additions. The “Sum Assured on Death” will depend on the option chosen by the policyholder as follows: (Also read: LIC plan: Rs 1800 per month investment gives Rs 8 lakh returns – check maturity, premium calculator here,

Option 1: 1.25 times the tabular premium for the chosen Basic Sum Assured

Option 2: 10 times the tabular premium for the selected Basic Sum Assured

Calculation on first and second option

Selecting the first option means that the customer will get the Sum Assured 1.25 times the premium deposited. This means if one has paid 10 lakh single premium and in the unfortunate event of death, the nominee will get Rs 12.5 lakh along with a guaranteed additional bonus.

Choosing the second option means that the customer will get a risk cover of 10 times the premium deposited. In case of any untoward incident, for example if the subscriber has deposited a single premium of Rs 10 lakh, his nominee will get Rs 1 crore along with a guaranteed bonus.

Return calculator on first and second option

If a person aged 30 years has paid a one-time premium of Rs 8,86,750 (including additional GST Rs 9,26,654) in option 1, then the sum assured is Rs 11,08,750. Now if he chooses the term policy for 15 years, he will get Rs 21,25,000 on maturity. In case of accidental death in the first year, the nominee will get Rs 11,83,438 and in case of death in the 15th year, the nominee will get Rs 22,33,438.

If you choose the second option, and invest Rs 8,34,642, the Basic Sum Assured will be Rs 10,00,000 and the Sum Assured on Death will be Rs 79,87,000.

Eligibility Conditions and Other Restrictions:

I. Minimum age at entry

3 years (completed) for a policy term of 15 years.
8 years (completed) for a policy term of 10 years.

Second. Maximum Age at Entry

Option 1: 60 Years (Nearest Birthday)

Option 2: 40 years (nearest birthday) for policy term 10 years.
35 years (nearest birthday) for a policy term of 15 years.

iii.Minimum age at maturity

18 years (completed)

iv. maximum age at maturity

Option 1: 75 Years (Nearest Birthday)
Option 2: 50 Years (Nearest Birthday)

v. Policy term 10 and 15 years

vi. Premium Payment Mode Single Premium

Seventh. Minimum Basic Sum Assured: Rs 1,25,000

Eighth. Maximum Basic Sum Assured No Limit