LIC Dhan Varsha Plan 866

By | October 20, 2022

LIC LIC Dhan Varsha Plan 866 Details, Example, Features and Benefits with Example


LIC of India new plan launched on 17th. October 2022 which name is LIC Dhan Varsha Plan (Table No 866) is a Guaranteed returns an endowment insurance policy with savings where the single premium paid once at the start of the policy.

‘LIC’s Dhan Varsha policy 866’ is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance single premium policy which offers a combination of protection and savings during the policy term. Dhanvarsha plan offers up to Rs.75 per Rs.1,000 sum assured as guaranteed addition.

LIC Dhan Varsha Plan 866 Full details
LIC Dhan Varsha Plan 866

In this plan the premium is paid in lump sum at the beginning of the policy and the returns are given to the policyholder at the end of policy term or to the nominee in case of death of the policyholder.

Also Read this : Invest 10K per month & Get Rs 1 Cr returns

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Key Features


  • In this plan if person lives till end of Term of the policy, policy holder will be given Maturity Benefit which is SUM ASSURED + Guaranteed Bonus.
  • If policy holder dies within the term of the Policy Death Benefit paid to Nominee i.e. SUM ASSURED + Guaranteed Bonus acquired till that Year.
  • There is High Bonus and High liquidity and saving under this LIC Plan No 866.
  • Two optional riders are available under this plan:
    • (a) LIC’s Accidental Death and Disability Benefit Rider, and
    • (b) LIC’s New Term Assurance Rider.
  • The policy holder will also be eligible for tax benefits under Section 80-C.
  • Facility of Surrender – The policy can be surrendered by the policyholder at any point of time during the the policy term.

    Eligibility/Parameter of LIC Dhan Varsha Policy 866


    Minimum age3 years (completed) – for a period of 15 years
    8 years (completed) – for a period of 10 years
    Maximum age60 years – for option 1
    40 years – for option 2 (for a period of 10 years)
    35 years – for option 2 (for a period of 15 years)
    Premium paymentSingle
    Policy Term10 and 15 years
    Minimum investment amount1,25,000 रु.
    Maximum investment amountNo limit
    LoanLoan is available
    Parameter of LIC Dhan Varsha Policy 866

    Read Also This LIC Nivesh Plus 849 One Time Investment Plan 

    LIC Dhan Varsha Plan 866 Benefits


    Maturity Benefit

    Maturity Benefit: If the policy holder survives till the date of maturity, “Basic Sum Assured” along with accrued Guaranteed Bonus” Additions will be payable.

    Death Benefit

    After Commencement of Risk : If the Insured person dies within the Policy Term after the commencement of Risk, then death benefit will be given to Nominee of the Policy. Death Benefit = Sum Assured + Accrued Guaranteed Bonus.

    Before Commencement of Risk : If the  Insured person dies within the Policy Term before the commencement of Risk, then Single Premium that he paid excluding taxes and extra premium if any, without interest will be given to the Nominee of the Policy.

    Read Also ThisLIC SIIP Plan 852 » Great scheme for people who’s invest in Share market

    LIC Dhan Varsha Plan 866 with an Example


    An example of Ramesh is purchasing this Plan with following details:

    Sum Assured            Rs.10,00,000
    Policy Term               15 Years
    Policy Purchase Year    2022
    Age                 30 Years
    Single Premium          Rs. 9,26,654/-
    LIC Dhan Varsha Plan 866 with an Example

    Maturity Details

    If policy holder Ramesh survives the policy term 15 years then Maturity will be as under:

    Maturity YearMaturity AgeMaturity Amount (approx)
    20374521,50,000/-

    Year-wise Death Claims

    YearAgePremiumGAMaturity
    2022309,26,654750000
    2023310750000
    2024320750000
    2025330750000
    2026340750000
    2027350750000
    2028360750000
    2029370750000
    2030380750000
    2031390750000
    2032400750000
    2033410750000
    2034420750000
    2035430750000
    2036440750000
    203745075000Maturity
    21,50,000/-

    Also Read this : Invest 10K per month & Get Rs 1 Cr returns

    Also Read thisLIC’s full family protection plan

    LIC Dhan Varsha Plan 866 Additional Information


    Risk Coverage: Till end of Term of the Policy.

    Date of Commencement of Risk: In case of children whose age is less than 8 years risk commencement starts either from 2 years of taking the policy or 8 years old which is earlier.

    Locking period : 1 years.

    Loan Facility: Loan facilities is available after 3 month under this policy.

    Income Tax Deduction: Available under Section 80-C for premiums paid only.

    Proposal Forms: Proposal Form no. 300 and 360 will be used under this plan.

    Cooling-off Period: If a policyholder is not satisfied with the ‘Terms and Conditions” of the policy, he/she may return the policy within 15 days from the date of receipt of the policy.

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    I hope “LIC Dhan Varsha Plan 866” के बारे में ये जानकारी अच्छी लगी होगी, अगर हाँ तो इसे अपने सभी Friends के साथ Social media पर Share जरुर करें ताकी आपकी मदद से दुसरे लोग भी इस योजना की जानकारी को पढ़ सकें, और वो इसका लाभ ले सके, कोई ऐसी जानकारी रह गयी हो और आप जानना चाहते हो तो आपके सुझाव व प्रस्ताव स्वीकार्य हैं और नीचे दिए गए comment box में टिप्पणी भी अवश्य दें! धन्यवाद…….

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