Why Choose LIC Dhan Varsha? The Core Benefits You Need to Know

  1. Introduction to LIC Dhan Varsha Plan No. 866
  2. Key Features of LIC’s Dhan Varsha
  3. Core Benefits of LIC Dhan Varsha
  4. Policy Terms and Conditions
  5. Premium Payment Options & Modes
  6. Tax Benefits & Exclusions
  7. Risk Coverage & Claim Procedures
  8. Additional Benefits & Riders
  9. Customer Support Services

Why Choose LIC Dhan Varsha?

Looking for a reliable investment plan with guaranteed returns? Look no further than LIC Dhan Varsha! With its impressive range of benefits and robust investment options, this policy is an excellent choice for anyone seeking financial stability and peace of mind. In this blog post, we’ll explore the key advantages of choosing LIC Dhan Varsha and why it’s one of the most popular investment plans in India. So sit back, relax, and discover how you can secure your future with this fantastic policy!

Introduction to LIC Dhan Varsha Plan No. 866

LIC’s Dhan Varsha Plan No. 866 is a with-profit endowment life insurance policy that offers guaranteed annual bonuses along with the final bonus at the end of the policy term. The policy term options are 10, 15, 20, or 25 years and the premium payment term is 5, 10, 15, or 20 years. The policyholder has the option to receive the accrued guaranteed annual bonuses and final bonus as a lump sum at the end of the policy term or in installments during the policy term.

The main features and benefits of LIC’s Dhan Varsha Plan No. 866 are as follows:

•Guaranteed annual bonuses + final bonus at maturity

•             Flexible premium payment & policy term options

•             Option to receive bonuses in a lump sum or installments

•             Loan facility available after 3 policy years

•             Surrender value available after 2 full years premiums have been paid

•             Tax benefits under Section 80C & 10(10D) of Income Tax Act

Key Features of LIC’s Dhan Varsha

LIC’s Dhan Varsha is one of the most popular life insurance policies in India. It provides comprehensive coverage for death, disability, and critical illness. The policy also has a unique feature that allows the policyholder to avail of a loan against the policy. Here are some of the key features of LIC’s Dhan Varsha:

– Coverage for death, disability, and critical illness: The policy provides comprehensive coverage for death, disability, and critical illness. This ensures that your family is financially secure in case of your untimely demise or if you suffer from an accident or a medical emergency.

– Loan against the policy: The loan against the policy feature allows you to avail of a loan against the policy in case of financial emergencies. This can be extremely helpful in times of need.

– Tax benefits: The policy offers tax benefits under section 80C of the Income Tax Act. This can help you save on your taxes.

– Affordability: The premium for this policy is very affordable and can be easily paid through different payment options like EMI facility and online payment.

Core Benefits of LIC Dhan Varsha

As one of the most popular life insurance policies in India, LIC Dhan Varsha offers a number of core benefits that make it an attractive option for policyholders. Some of the most notable benefits include:

1. Death benefit: In the event of the policyholder’s death, the nominee will receive a lump sum payout from the policy. This can provide financial security for loved ones in the event of your death.

2. Maturity benefit: If you survive the policy term, you will receive a maturity benefit payout. This can be used to help cover costs in retirement or for other future expenses.

3. Tax benefits: LIC Dhan Varsha offers tax-exempt status on both the death and maturity payouts. This can help to minimize the overall cost of the policy.

4. Flexible premium options: Policyholders can choose from a variety of premium payment options, making it easy to fit the policy into their budget.

5. Wide coverage: The policy provides coverage for a wide range of eventualities, including natural disasters and accidental death.

LIC Dhan Varsha is an attractive life insurance option for many people due to its core benefits. Death and maturity payouts are tax-free, and there are flexible premium payment options available. The policy also provides wide coverage, making it a good choice for those who want peace of mind knowing their loved ones are protected financially in case of their death or disability

Policy Terms and Conditions

When you purchase a policy from LIC (Dhan Varsha), you are agreeing to the terms and conditions set forth by the company. It is important that you understand these terms and conditions before purchasing a policy, as they will govern the relationship between you and LIC (Dhan Varsha). The following is a summary of the most important points:

-LIC (Dhan Varsha) will only pay out claims in accordance with the policy terms and conditions.

-You must keep your premiums up to date in order for your policy to remain in force.

-If you stop paying premiums, your policy will lapse and you will no longer be covered.

-The company has the right to change the terms and conditions of your policy at any time. You will be notified of any changes in writing.

-If you have any questions or concerns about your policy, please contact customer service.

Premium Payment Options & Modes

LIC Dhan Varsha is a unit-linked insurance plan that offers you the dual benefit of life insurance and investment. It gives you the opportunity to invest in a variety of funds and provides death and maturity benefits. You can choose from a variety of premium payment options and modes to suit your needs.

The premium payment options include single, regular, or limited premium payments. You can also choose the mode of payment, which can be annual, half-yearly, quarterly, or monthly. The policy term is 10 years and the minimum sum assured is Rs.1 lakh.

The death benefit under this plan is higher of the sum assured or 105% of all premiums paid. On maturity, you will receive the fund value as maturity benefit. This plan also offers loyalty additions, which are an additional bonus added to the policy on completion of 5 policy years without any claims made during that period.

So, if you are looking for a life insurance policy with investment benefits, then LIC Dhan Varsha could be a good option for you.

Tax Benefits & Exclusions

When it comes to LIC Dhan Varsha, there are a few key tax benefits and exclusions that you should be aware of. For starters, the policy is exempt from income tax under Section 80C. In addition, any maturity proceeds received are also completely tax-free.

One of the main reasons why people choose LIC Dhan Varsha is because of its attractive tax benefits. Not only is the policy exempt from income tax, but any maturity proceeds received are also completely tax-free. This makes it a great option for anyone looking to save on their taxes.

Risk Coverage & Claim Procedures

When it comes to risk coverage and claim procedures, LIC Dhan Varsha offers some of the best protection in the market. Here are some of the key benefits you can enjoy:

– Coverage for up to Rs. 5 lakhs against death, total and permanent disability

– A comprehensive protection plan that covers accidental death, natural death, critical illnesses and more

– Flexible premium payment options to suit your budget and needs

– Quick and hassle-free claim settlement process

So, if you’re looking for a reliable life insurance policy that offers great coverage and protection, LIC Dhan Varsha is a great option to consider.

Additional Benefits & Riders

There are plenty of reasons to choose LIC Dhan Varsha as your life insurance policy. In addition to the core benefits we’ve already discussed, there are several additional benefits and riders that make this policy an even more attractive option.

For starters, the policy offers a discount for non-smokers. This can save you up to 15% on your premiums, making the policy even more affordable.

In addition, the policy comes with an “accelerated death benefit” rider. This rider allows you to receive a portion of the death benefit early if you are diagnosed with a terminal illness. This can provide much-needed financial assistance during a difficult time.

The LIC Dhan Varsha policy also has a “child rider” option. This rider provides coverage for your children in case of your death. It’s a great way to ensure that your family is taken care of financially if something happens to you.

Customer Support Services

LIC Dhan Varsha provides a wide range of customer support services to policyholders. These services include phone support, email support, live chat support, and more.

Policyholders can contact LIC Dhan Varsha customer support any time of the day or night, 365 days a year. Customer support representatives are always available to help policyholders with any questions or concerns they may have.

LIC Dhan Varsha also offers a wide range of online resources to help policyholders understand their policies and make the most of their coverage. Policyholders can access these resources anytime, anywhere.

LIC Dhan Varsha is committed to providing policyholders with the best possible customer experience. With comprehensive customer support services and online resources, policyholders can be sure they will always have the assistance they need.


LIC Dhan Varsha provides a unique combination of advantages to its customers, ranging from an affordable premium payment option to comprehensive coverage and tax benefits. This plan has been designed keeping in mind the needs of today’s modern customer, who is looking for long-term financial stability and peace of mind. With its flexibility and affordability, it is certainly worth considering when deciding on your life insurance policy choice.

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