Dhan Varsha Plan 866
Dhan Varsha Plan 866: 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.
Most of us dream of tension-free investments where we don’t have to worry about paying regular premiums year after year. What if you could just invest once and ensure life cover + guaranteed returns for the long term?
That’s exactly what the LIC Dhan Varsha Plan 866 offers.
It is a single premium guaranteed return plan where you invest only once and get:
- Insurance protection during the policy term
- Guaranteed maturity benefits
- Choice of policy term (10 or 15 years)
- Tax benefits under Sections 80C & 10(10D)
This plan has become a preferred option for professionals, NRIs, retirees, and investors who want a secure and hassle-free financial product.
In this detailed article, we’ll cover everything about LIC Dhan Varsha 866—its features, benefits, premium chart, maturity scenarios, investor examples, expert insights, comparisons with other LIC plans, and FAQs.
What is LIC Dhan Varsha Plan 866?
The LIC Dhan Varsha (Plan 866, UIN: 512N353V01) is a non-linked, non-participating, individual, savings, single premium life insurance plan.
👉 In simple words:
- Pay one-time premium at the beginning.
- Get life cover during the policy term.
- On maturity, receive guaranteed lump sum payout.
It’s guaranteed because it’s non-participating—meaning no dependence on LIC’s yearly bonuses or market returns.
Key Features of LIC Dhan Varsha Plan 866
| Feature | Details |
|---|---|
| Plan Name | LIC Dhan Varsha |
| Plan No. | 866 |
| Type | Single Premium, Non-linked, Non-participating |
| Policy Term Options | 10 years / 15 years |
| Entry Age | 90 days – 60 years (Varies by option) |
| Maturity Age | Up to 75 years |
| Premium Payment | One-time (Single Premium) |
| Minimum Sum Assured | ₹1,25,000 |
| Maximum Sum Assured | No limit (depends on income) |
| Loan Facility | Available after 3 months |
| Surrender Value | Allowed after 3 months |
| Rider Available | Accidental Death & Disability Benefit Rider |
| Tax Benefits | 80C (premium), 10(10D) (maturity/death benefit) |
Why Choose LIC Dhan Varsha 866?
✔ One-time investment – no tension of yearly payments.
✔ Guaranteed maturity payout – no dependency on bonuses or stock market.
✔ Insurance protection – cover during the term.
✔ Flexibility of 10-year or 15-year terms.
✔ Liquidity option – loan or surrender in case of emergencies.
✔ Tax efficiency – save tax on investment and maturity.
Benefits of LIC Dhan Varsha Plan
1. Death Benefit
If the policyholder dies during the term, the nominee gets:
- Sum Assured on Death (125% of Single Premium) OR Basic Sum Assured (whichever is higher).
2. Maturity Benefit
On survival till maturity:
- Basic Sum Assured × Guaranteed Additions (based on policy term & age).
3. Guaranteed Additions
Unlike other LIC plans where returns depend on bonuses, here you get fixed guaranteed additions.
4. Loan Facility
Available after 3 months, making it useful for emergencies.
5. Tax Benefits
- Premium eligible under Section 80C.
- Maturity/Death benefit tax-free under Section 10(10D).
LIC Dhan Varsha 866 – Example with Tabular Data
Let’s understand with a real-life illustration.
Case Study:
- Policyholder: Age 35 years
- Policy Term: 15 years
- Sum Assured: ₹10,00,000
- Single Premium: ₹5,00,000 (approx.)
Maturity Illustration
| Year | Premium Paid | Guaranteed Additions | Maturity Value |
|---|---|---|---|
| 1 | ₹5,00,000 | ₹40,000 | ₹5,40,000 |
| 5 | ₹5,00,000 | ₹2,00,000 | ₹7,00,000 |
| 10 | ₹5,00,000 | ₹4,00,000 | ₹9,00,000 |
| 15 (Maturity) | ₹5,00,000 | ₹6,00,000 | ₹11,00,000 |
👉 One-time investment of ₹5 lakh grows to ₹11 lakh in 15 years with full life cover throughout.
Analyst Opinions
- Insurance Experts: Call it a “guaranteed return stress-free plan” for risk-averse investors.
- Financial Planners: Recommend it for retirees, NRIs, and one-time investors looking for guaranteed returns.
- Market Analysts: Returns are moderate (5.5%–6.5%) but with full safety & insurance cover, making it better than bank FDs.
Investor Scenarios – Who Should Buy?
1. Young Professionals (25–40 years)
- Invest lump sum once and secure long-term life cover + maturity benefits.
2. Parents Planning for Kids
- Use it for education or marriage goals with guaranteed corpus.
3. NRIs
- Perfect for NRIs who want safe Indian investments with insurance and tax benefits.
4. Retirees (50–65 years)
- Good for those who get retirement funds and want assured long-term safe growth.
Real Investor Examples
Example 1: Rajesh (Age 30, IT Employee)
- One-time premium: ₹3,00,000
- Term: 15 years
- Maturity: ₹6,60,000
Example 2: Sunita (Age 50, Homemaker)
- One-time premium: ₹4,00,000
- Term: 10 years
- Maturity: ₹6,80,000
Comparison with Other LIC Plans
| Plan | Payment Mode | Type | Returns | Best For |
|---|---|---|---|---|
| Dhan Varsha 866 | One-time | Non-linked, Guaranteed | 5.5–6.5% | Hassle-free safe investors |
| Single Premium Endowment 717 | One-time | Participating (Bonus based) | 6–7% | Those okay with LIC bonus variations |
| New Jeevan Anand 915 | Regular premium | Participating | 6–7% | Long-term protection with lifelong cover |
| Jeevan Umang 945 | Regular premium | Whole-life income | 5–6% | Retirement income seekers |
👉 Dhan Varsha 866 is best for those who want a fixed, guaranteed return with no risk.
Expert Insights
- Great for conservative investors who value safety over high risk.
- Better than bank FDs, since it gives higher returns + insurance.
- Suitable for NRIs and one-time investors with idle lump sum money.
- Not for aggressive investors seeking equity-like high returns.
FAQs on LIC Dhan Varsha Plan 866
Q1. What is the minimum premium for Dhan Varsha 866?
👉 It depends on age and term, but minimum Sum Assured is ₹1,25,000.
Q2. Can NRIs buy this plan?
👉 Yes, NRIs are eligible.
Q3. What happens if the policyholder dies?
👉 Nominee gets 125% of single premium or basic sum assured (whichever is higher).
Q4. Is loan facility available?
👉 Yes, after 3 months of policy issuance.
Q5. Is maturity amount taxable?
👉 No, under Section 10(10D).
Q6. Is this better than FD?
👉 Yes, because it gives higher guaranteed returns + life insurance.
Final Thoughts
The LIC Dhan Varsha Plan 866 is a perfect blend of investment + protection for those who prefer one-time hassle-free investing.
It is best suited for:
- Professionals with lump sum bonuses
- Parents planning for children’s future
- NRIs looking for safe Indian investments
- Retirees wanting guaranteed returns
While returns are moderate, the safety, guaranteed maturity, life cover, and tax benefits make it one of the best single premium plans in India today.
👉 If you have a lump sum to invest and want to secure your family’s future with guaranteed returns + insurance, then LIC Dhan Varsha 866 is a smart choice.
