LIC Dhan Vriddhi Plan 869
LIC Dhan Vriddhi is a Non-Linked, Non-Participating, Individual, Savings, Single Premium 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 a guaranteed lump sum amount on the date of maturity for the surviving life assured.
This plan provides financial support for the family in case of unfortunate death of the life assured during the policy term. It also provides a guaranteed lump sum amount on the date of maturity for the surviving life assured.
Two Insurance options are available under this plan:
Option 1: 1.25 times Tabular Premium for the chosen Basic Sum Assured
Option 2: 10 times of Tabular Premium for the chosen Basic Sum Assured
Main features of LIC Dhan Vriddhi Plan 869 are:
- One-time payment plan
- Policyholders can choose the Policy Term and the Death Cover
- Guaranteed Additions throughout the Policy term
- Higher Guaranteed Additions for policies with higher Basic Sum Assured
- Lump sum Benefit on Death or Maturity
- Proposer can choose for Death Benefit in Installments and Settlement Option on Maturity
- Riders i.e. LIC’s Accidental Death & Disability Benefit and LIC’s New Term Assurance Rider are available
- A loan is also available under the LIC Dhan Vriddhi Policy
Eligible conditions for LIC Dhan Vriddhi policy
- Policy term – Policy Term 10,15 & 18 years
- On maturity, the policyholder should have crossed 18 years of age.
- Mode of Premium payment Single premium
- Minimum Basic Sum Assured 1,25,000/-
- Maximum Basic Sum Assured No Limit
- The basic Sum Assured shall be in multiples of 5,000/-
LIC Dhan Vriddhi is a close-ended plan with guaranteed returns and operates as a closed-end, available for purchase until September 30, 2023.