LIC Dhan Varsha 866 is a new plan by LIC. Dhan Varsha is a single premium guaranteed plan. It is a Non-linked, Non-participating, Saving cum life insurance plan. This plan offers insurance coverage as well as protection also. It is proposed to provide financial assistance for the family in case of the death of an insured person during the policy term.
This plan also provides a guaranteed lump sum amount on the date of maturity on the surviving life assured. You can buy this plan offline as well as from the online LIC website also.
In this post, we will review LIC Dhan Varsha 866 plan and evaluate the features and benefits of this plan.
Eligibility for LIC Dhan Varsha
The eligibility criteria for the LIC Dhan Varsha policy is given below.
LIC Dhan Varsha No.866 Benefits
This plan offers two types of benefits. Death benefit & Maturity benefit.
#1 Death Benefit – If the death of the policyholder happens to post the commencement of risk, then his nominee will receive Sum Assured on Death + Accrued guaranteed addition. Sum Assured on Death shall depend on the option chosen by the policyholder as under –
Option 1 – 1.25 times of Tabular Premium for the chosen Basic Sum Assured
Option 2 – 10 times of Tabular Premium for the chosen Basic Sum Assured.
You have to choose these two options at the time of buying the policy itself. Later on, this option can’t be altered.
If the death happened before the commencement of the risk, the Death Benefit payable shall be a refund of premium(s) paid (excluding taxes, extra premium, and rider premium(s), if any), without interest.
#2 Maturity Benefit – If the life assured survived till the maturity of the policy, then he will receive “Basic Sum Assured” along with accrued Guaranteed Additions.
The Guaranteed Additions shall accrue at the end of each policy year, throughout the policy term, and shall depend on the Option Chosen, Basic Sum Assured, and the Policy Term.
Option to take Maturity Benefit in installments for 5 years, After the settlement option is exercised, and the life assured desires to withdraw the option, and commute the outstanding installments, it can be done on written request. Not allowed to the nominee, in case of death of LA during installment payouts.
LIC Dhan Varsha Examples
Here are examples of policies with option 1.25 times premium + Accrued guaranteed addition and 10 times premium + Accrued guaranteed addition. These examples are for 30-year-old person who opts for 1.25 times premium and 10 times premium options.
LIC Dhan Varsha No.866 Review – Should You Invest?
From the above examples and features let’s try to evaluate LIC Dhan Varsha in detail.
#1 Do you want to get insurance and investment in a single product?
LIC Dhan Varsha is a saving cum insurance plan. This means it is a mixed product. As far as financial planning is concerned it is not advisable to club the goal of insurance – life cover (risk cover) with the investment product. I would not advise you to go for a saving cum insurance plan.
#2 What type of Returns can you expect from this policy?
From the above example where 30-year-old person opts for a 10 Lakh policy. In the case of 1.25 times, a premium option is taken IRR is 6%, and for the 10 times, the premium option IRR is 4.74%.
This means returns given by this policy is just a little bit above the saving bank account.
It is very very less and probably equals fixed deposit returns.
From the above two points, it is very clear that this policy is not a very good option to opt for. This policy offers you tax benefits but as far as returns this policy is not advisable to go for.
Card-based tokenization is one of the best ways to stay safe from online fraud. It is seen that online fraud is growing and one solution suggested by RBI to overcome this is Card based on tokenization. This facility is also known as CoFT – Card on File Tokenization.
In this post, I will cover complete details about Card based tokenization and its benefits.
What is Card-Based Tokenization?
If you’re not sure of the network tokenization meaning, you might want to read this next bit as it explains the basics. Tokenization refers to the replacement of actual card details with an alternate code called the “token”, which shall be unique for a combination of cards, the token requestor (i.e. the entity that accepts a request from the customer for tokenization of a card, and passes it on to the card network to issue a corresponding token) and device (referred hereafter as “identified device”).
In short, tokenization refers to a security measure in payment processing. It involves substituting sensitive card information with dynamic tokens specific to each transaction, enhancing security and minimizing the risk of fraud. This means your actual card details would not be passed only the token would be passed to the requestor. Conversion of the token back to actual card details is known as de-tokenization.
Why Card Tokenization – What are the benefits of tokenization?
A tokenized card transaction is considered safer as the actual card details are not shared with the merchant during transaction processing. This means it is a completely safe transaction.
#1 This type of online transaction are safe from fraud as intruder or hacker can not get actual card information.
#2 In this method, actual card data, tokens, and other relevant details are stored in a secure mode by authorized card networks. A token requestor cannot store Primary Account Number (PAN), i.e., card number, or any other card detail. Card networks are also mandated to get the token requestor certified for safety and security that conforms to international best practices / globally accepted standards.
#3 Card Details can not be saved by merchant online. Different token is required for different platforms.
Tokenization has been allowed through mobile phones and/or tablets for all use cases/channels (e.g., contactless card transactions, payments through QR codes, apps, etc.)
How can tokenization be carried?
Step 1 – The cardholder can get the card tokenized by initiating a request on the website/app provided by the token requestor and any similar facility provided by the merchant.
Step 2 – The token requestor/merchant will forward the request directly to the Bank that issued the applicable credit card or to Visa / Mastercard / American Express, with the consent of the card issuing Bank.
Step 3 – The party receiving the request from the Token requester, will issue a token corresponding to the combination of the card, the token requestor, and the merchant.
This is a free service and the customer need not pay any charges for availing this service.
6 Steps to Tokenise your Debit/Credit card
Here are 6 simple steps suggested by RBI to Tokenise your Debit or Credit card while doing a transaction.
#1 Start
Visit any e-commerce/merchant website or application to make a purchase and start a payment transaction.
#2 Choose Your Card
During checkout enter your debit card or credit card details. Alternatively, select your preferred bank’s debit card or credit card saved earlier as a payment method on the platform.
#3 Secure Your Card
Select option “Secure your card as per RBI guideline” or “Tokenize your card as per RBI Guideline”
#4 Give Consent to Create Token
Enter the OTP sent to your mobile phone number or email by your bank and complete the transaction.
#5 Generate Token
Your token is generated and saved in the platform instead of actual card details.
#6 Tokenised
When you visit the same website or application again, the last four digits of your card are displayed to help you identify your card for making the payment. Tokenized.
Over to You
Do you think CoFT – A card-based token facility introduced by RBI is safe and reliable? Do you use this facility for securing transactions?
If you are not using this facility, it is advisable to use this facility to secure your card details and transactions.
We are living in a skilled economy. The job-based economy is over.
Gone are the days when your degree was enough to get you a job. Today everything works based on skill. You can rule the world if you have skill.
There are fewer full-time jobs available than in the past. Not only that, as discussed in the previous article many jobs will be obsolete with advancements in technology.
Have you seen the kiosks that are replacing cashiers at McDonald’s? Have you ever spoken to an outsourced worker when you called a call center? Haven’t you heard the stories about companies going through “corporate downsizing”—you know, basically where they fire many people?
The world is changing. Regular full-time jobs are becoming less and less available. Companies are only keeping high-level executives and high-touch members as full-time staff—everything else can be automated, outsourced, or contracted. Not only that, but the full-time jobs that do remain are becoming too expensive for companies to keep.
With full-time jobs disappearing, contract work and freelance work are emerging, fueling the Skill Economy. People are being paid more and more based on their skills, not their credentials, experience, or job position.
However, not all skills are created equal—some reward you better than others.
Here are 11 High-Income Skills that will lead to massive success in 2025 and Beyond.
11 High-Income Skills You Should Learn for 2025 and Beyond
#1 Copywriting
It is salesmanship in print: crafting ads, sales letters, and sales pages in the most compelling way possible. Copywriting is arranging words to make a product sell better. If you’ve seen a billboard, a newspaper ad, a Facebook ad, or any Super Bowl commercial—that’s copywriting.
#2 Sales & Closing
Sales and Closing is one of my favorite high-income skills. Sale is extremely necessary to generate revenue. No Sales means no revenue. No revenue means no profit or no commission. If you can do sales, you can lead the business world.
#3 Creative Writers
Creative writing encompasses everything from ghostwriting, freelance writing, blogging, and much more. It is incredibly lucrative for creative minds and free thinkers.
#4 Consulting
A consultant is a creative problem solver who can look at a business from an objective view. They look at a problem and present a solution. In essence, consultants trade their expertise for money. A good consultant provides unbiased advice and expertise. If you have something you are good at doing, something your friends always come to you for help with or an area in which you know you excel, then you may have a start to consultancy business.
#5 Digital Marketing
Digital marketing includes mapping out funnels, managing Facebook pages and ads, growing Instagram accounts, building customer relationships, and more.
Digital marketing is a massive opportunity for young and ambitious people who are already familiar with social media. If you love social media, why not choose it as a High-Income Skill? With the boom of social media, companies can’t keep up with the trends.
If you can learn this high-income skill you can make a lot of money.
#6 Blogging & Content creation
Blogging is similar to creative writing, but if you have an independent blog, you can learn how to manage online marketing, run ads, drive traffic, and much more. It is an excellent High-Income Skill if you can create valuable content that helps other people. If you can combine excellent writing skills with marketing skills, you could be well on your way to making blogging your next High-Income Skill.
#7 Negotiation
Negotiation skills are essential for just about everything. Though you may not be paid thousands of dollars a month for this alone, it amplifies everything else you do. Whether it’s negotiating with clients, potential partners, or vendors, the negotiation could make or break the deal; this is one of the most critical High-Income Skills that makes all of your other High-Income Skills more effective.
#8 Public Speaking
More people fear public speaking than death. That means at a funeral, more people would rather be in the casket than delivering the eulogy. That’s why a very select few people have truly mastered this one. It’s not just being able to speak confidently in front of a crowd—it’s about communicating a story and a vision to the audience.
#9 Language Translation
With the rise of globalization, countries from around the world are starting to do business with one another. If you are fluent in multiple languages, then this would be a tremendous High-Income Skill to develop. Learning a language is not something most people can do in a short time. That’s why most will pay someone else to do it.
#10 Photography
I have a friend living in my society who is a high-end photographer who gets paid handsomely for his work. However, he is not just the “photo guy.” He works with his client to make sure he understands their needs and offers suggestions for shots that will capture the experience forever. It’s this type of care and empathy that allows them to charge high-end prices.
#11 Software/ Coding
Technology is becoming more and more pervasive in our world. Soon (and even now), AI and VR will play a massive part in our society. Programmers are needed in all industries—from marketing to health to finance, and even to create things like ai character chat bots. If you’re extremely analytical and programming suits your goals—go for this software coding. Enhance your software development expertise and learn to code intelligent chatbots that elevate user engagement and streamline business processes to make you a sought-after developer in the AI industry.
All of these examples have the potential to become High-Income Skills, but there are three High-Income Skills that I love: – Sales & Closing, copywriting, and digital marketing. They’re the ultimate High-Income Skills because they help other businesses generate revenue or acquire new customers.
These High-Income Skills are recession-proof, have the highest earning potential, and companies will always need these High-Income Skills regardless of how the economy is doing. When the economy is doing well, companies want more customers. When the economy is doing poorly, companies need more customers. Either way, people with these High-Income Skills are always in demand.
Today, I am excited to share the 10x rules that I use for my business. This rule I have defined this after reading the book The 10X rules by Grant Cardone.
The book is about success and failure. The book is all about 10x in your vision of what’s possible in your life and very importantly 10xìng the actions, you’re going to take to bring that vision to life.
The 10x Rule is about pure domination mentality, and how to be the alpha of the industry. The overall main points that Grant Cardone makes regarding how to reach extreme amounts of success can be divided into two parts –
Extreme 10x GOALS, and extreme 10x ACTION.
There are a bunch of practical takeaways that can help you wake up from your slumber, and make you reach your full potential.
Here are 5 Proven 10x Rules that I learn and I am implementing in my business.
5 Proven 10X Rules That I use for my Business
#1 Write down your 10X Goals
How often do you write down your goals? Mostly, once in a year your new year’s resolutions.
Grant says anything important in your life you need to write down a goal. He says you need to ask daily what’s important to me and write down your goals daily.
You need to stretch yourself to go beyond what you think you can currently do. May be 10x level. Push yourself those are the goals you’re going to want to come back to on a day-in and day-out basis that fire you up.
He asked a great question he says are your goals equal to your potential that’s a really powerful question.
Your Goal = Your Potential
If that doesn’t increase your pulse rate a little bit when you think about wow what am I capable of what can I do what can I achieve that’s how we want to operate in our lives.
Find the baby steps and the massive action that helps us connect from that big vision to where we are today and enjoy the process and all that good stuff but keep that in mind and reflect on your goals and stretch yourself.
#2 Take Massive 10X Actions
Grant talks about four degrees of action in the book. I also agree with him.
There are four ways we can approach life
Do nothing just hang out
We can retreat, and avoid taking actions
Take Normal level of actions & live a reasonably comfortable life
Take massive action or 10x actions
I don’t know how many times grant uses this phrase in the book but suffice to say it was a lot.
Disciplined consistent persistent massive action followed by
more disciplined consistent persistent massive action followed by more disciplined consistent persistent massive action that’s the essence of this book.
So quick recap where do you show up
Are you doing nothing?
Are you kind of retreating from life?
Are you doing just enough to get by normal activity levels?
Are you taking massive action?
If you want to create extraordinary things in your life you need to take massive actions.
#3 Create your own Luck
Having 10x goals, followed by 10x actions, will create 10 times the amount of opportunities any average person is exposed to.
And the best part is – since you will be better prepared to make use of those opportunities – the amount of value following your actions will be unheard of compared to any of those average peers of yours.
From the outside, this will be perceived as “luck”.
“Ah look at that dude! He just happened to be at the right place at the right time. If only I was that lucky!”
What they don’t see is the massive amount of action required to put you in that place to begin with. Take Tiger Woods as an example. No matter what you think of him, you gotta hand it to him, he’s been extremely successful.
But when just watching a specific tournament one can perceive some specific shots as lucky.
But what isn’t shown is the tremendous amount of practice – thousands and thousands and thousands of hours on the driving ranch and millions of puts.
So is he really “lucky” in that tournament, or is it just hard work paying off?
Or, take to fund managers as an example, running to different funds. Which one will be more “lucky”, picking more successful companies?
The manager who does due diligences and company meetings per year, or the manager meeting and analyzing only companies per year?
Warren Buffett is famous for reading a tremendous amount of annual reports every year. I’ll just leave it at that. Sometimes actual luck and uncertainty might have something to do with it, but it can’t be calculated with.
Besides, you don’t see or hear about the big number of times the successful went for it and failed. After all, the world pays attention only when they’re winning.
Bottom line – the more actions you take, the better your chances of getting “lucky”.
So go! Take action and create your own luck!
#4 Eat Your Fear
Fear favorite food what is it grant tells us it’s time.
Do what you fear, that is how you will excel. For instance …I was almost freaking out when I put up my first video on YouTube.
Go back to it and watch it and you’ll hear it in my voice. Fear is the great indicator of what you should focus on. An absence of concerns signals that you are only doing what’s comfortable for you, and that will only get you more of what you have right now.
Fear stands for False Events Appearing Real.
Use this frequently avoided feeling as a green light for what you SHOULD do.
For instance, if you’re afraid to call on a client, that’s a sign that you should call that client.
In fact, you will be amazed at how much stronger and more confident you’ll become.
And everyone fears something in life. However, it’s what we each do with that fear that distinguishes us from others.
It actually works as a competitive tool – one that is for free and unutilized for the most part.
So, bottom-line: eat your fears. Don’t feed them by backing off or giving them time to grow. Learn to look for, and use fear, so that you know exactly what you need to do to overcome it and advance your life.
#5 Don’t compete. Dominate!
The competition is bad.
We’ve all heard the story about the tortoise and the hare. The lesson, of course, is that the tortoise wins because he plods along and takes his time. Whereas the hare, rushes, becomes tired and misses his opportunity to win.
From this story, we’re supposed to derive that it’s good to be a tortoise – someone who approaches his goal slowly and steadily.
If there was a third player in the fable, let’s say, the Duracell rabbit, who had the speed of the hare and the steadfastness of the tortoise, it would outperform them both and have no competition whatsoever.
The suggestion here is to approach your goals like the tortoise AND the hare, by attacking them ruthlessly from the beginning, and also staying with them throughout the course of “the race”.
Take the competition to your playground, where you go all in with energy every time. Even if you fail, you keep going all in!
As most people won’t do what’s necessary to be at your level, you will achieve great results no matter the field.
And then just keep stacking – wood and fuel, wood and fuel. MORE wood, MORE fuel, until the fire is so hot and burns so brightly that not even competitors, or or market changes or anything can put your fire out.
These were some of the major takeaways from The 10x Rule.
So, in order to reach your full potential and to get success in business.
Set 10x, MASSIVE goals. Doesn’t this seem to be a reappearing pattern of successful people?
Projects usually require more than you first anticipate. Plan for, and deliver 10x action. When you are taking 10 times the action, soon other people will perceive you as being “lucky”.
So, Enhance the speed of the hare and the constant motion of the tortoise, and you will be unstoppable.
