LIC’s Dhan Varsha is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the life assured during the policy term.
It also provides Guaranteed Lumpsum amount on the date of maturity for the surviving life assured.

A Single Premium Plan

Guaranteed Additions Every Year

Option to choose Policy Term and Sum Assured


Avail Tax Benefit under Section 80C
Loan Facility is available after 3 months

Eligibility Criteria

Age At Entry8 yrs Completed for Policy Term 10yrsFor Policy Term 10 Yrs
Option 1: 60Yrs Nearest Birthday
Option 2: 40Yrs Nearest Birthday
3 yrs Completed for Policy Term 15yrsFor Policy Term 15 Yrs
35 Yrs Nearest Birthday
Policy Term                                                                 10 & 15 Yrs
Sum Assured1,25,000No Limit
Basic Sum Assured shall be in multiple of Rs. 5000/-
Mode of Payment                                                                     Single

Riders Available
  • LIC's Accidental Death and Disability Benefit Rider
  • LIC's New Term Assurance Rider

Tax Benefit
You can avail Tax Benefits under Section 80C of the Income Tax Act 1961

Loan Facility
This facility is available under this plan during the policy term after 3 months from completion of the policy or after expiry of the free-look period whichever is later.

Death Benefit
It is payable on death of the Life Assured during the policy term after the date of commencement of risk but before the date of maturity, "Sum Assured on Death" along with accrued Guaranteed Additions.

Options Available for Sum Assured on Death
Option 1:  1.25 times of Premium for the chosen Basic Sum Assured
Option 1:  10 times of Premium for the chosen Basic Sum Assured

Maturity Benefit
Basic Sum Assured along with accrued Guaranteed Additions shall be payable on maturity.

Guaranteed Additions
It shall accrue at the end of each policy year thoughout the policy term and shall depend on the Option chosen, Basic Sum Assured and the Policy Term.

LIC Dhan Varsha is a close-ended plan which will be opened for subscription for a limited period. The scheme is available up to 31st March 2023.