LIC Dhan Vriddhi

LIC Dhan Vriddhi was withdrawn by the company on 02-02-2024. LIC Dhan Vriddhi- 869 is a single premium guaranteed endowment policy that provides the combined benefits of life protection and savings. The plan offers guaranteed benefits and flexibility for policyholders to choose the policy term and death coverage as required.

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LIC Dhan Vriddhi- An Overview

LIC Dhan Vriddhi is a single premium policy that offers guaranteed returns to policyholders. The plan is designed to provide financial security and growth opportunities to individuals. Policyholders can make a one-time premium payment and enjoy the benefits of a guaranteed maturity amount. It is a single premium plan, which means there is no future premium obligation required, and the policy will not lapse due to non-payment of premiums.
Life Insurance Corporation of India has withdrawn its LIC Dhan Vridhhi plan and is no longer available for purchase.

Key Features of LIC Dhan Vriddhi

  • Policy Type: LIC Dhan Vriddhi is a single premium endowment plan. It requires a one-time premium payment.

  • Policy Term: The policy term for LIC Dhan Vriddhi is fixed at 10 years.

  • Premium Payment: This plan requires a single premium payment at the time of policy purchase. The premium amount is based on factors such as the chosen sum assured and the insured's age.

  • Surrender Value: If the policyholder wishes to surrender the policy before the completion of the policy term, a surrender value will be paid, subject to certain terms and conditions.

  • Loan Facility: Loan facilities are available under LIC Dhan Vriddhi, subject to specific policy provisions and conditions.

  • Tax Benefits: The premiums paid towards LIC Dhan Vriddhi and the benefits received are eligible for tax deductions and exemptions as per the prevailing tax laws in India.

Eligibility Criteria Of LIC Dhan Vriddhi

Parameters Minimum Maximum
Entry Age 90 days and 8 years 32 years to 60 years.
Sum Assured Rs. 1,25,000 No Limit, multiples of Rs 5,000.
Policy Tenure 10/15/18 years

Benefits of LIC Dhan Vriddhi

  • Guaranteed Sum Assured: The plan provides a guaranteed sum assured that is payable to the nominee in the event of the policyholder's demise during the policy term.

  • Maturity Benefit: At the end of the policy term, the policyholder receives the maturity benefit, which includes the sum assured along with any applicable bonuses or additions.

  • Death Benefit: In the unfortunate event of the policyholder's death during the policy term, the nominee receives the death benefit. The death benefit paid equals: 

    The "Sum Assured on Death" under LIC Dhan Vriddhi plan is determined based on the selected option. 

    For Option 1, it is 1.25 times the tabular premium for the chosen Basic Sum Assured. 

    For Option 2, it is 10 times the tabular premium for the chosen Basic Sum Assured.

  • Rider Benefit: LIC Dhan Vriddhi plan offers additional benefits such as the Accidental Death and Disability Benefit Rider and the New Term Assurance Rider, which policyholders can opt for. Additionally, a settlement option is available on maturity or death, allowing the claim amount to be received in monthly, quarterly, half-yearly, or yearly intervals over a period of five years. The plan also provides liquidity through a loan facility, which can be availed after three months after the completion of the policy.

What Documents Are Required to Buy LIC Dhan Vriddhi?

To buy LIC Dhan Vriddhi or any LIC plan, the following documents are typically required:

  • Application Form: Fill out the application form provided by LIC. It includes personal information, contact details, and policy-specific details.

  • Identity Proof: Submit a valid identity proof document such as an Aadhaar card, PAN card, Passport, Voter ID, or Driving License.

  • Address Proof: You must provide a valid address proof document such as an Aadhaar card, Passport, Voter ID, Driving License, or utility bills (electricity bill, telephone bill, etc.).

  • Age Proof: You will need to provide a document as proof of your age, such as a birth certificate, school leaving certificate, Aadhaar card, Passport, or PAN card.

  • Photographs: Recent passport-sized photographs of the policyholder may be required for documentation purposes.

  • Income Proof: Depending on the sum assured or the chosen plan, LIC may request income proof documents such as salary slips, bank statements, income tax returns, or Form 16.


  • Q: What is LIC Dhan Vriddhi 869, and how does it differ from other LIC plans?

    Ans: LIC Dhan Vriddhi is a comprehensive life insurance and investment plan for financial security and growth. It stands out with its unique combination of features, offering policyholders both protection and wealth accumulation.
  • Q: How are premiums determined for LIC Dhan Vriddhi, and what payment options are available?

    Ans: The premiums for LIC Dhan Vriddhi are calculated based on factors such as age, coverage amount, and policy term. Policyholders can choose from various premium payment frequencies, including monthly, quarterly, semi-annual, or annual payments.
  • Q: What are the key benefits and maturity options of LIC Dhan Vriddhi?

    Ans: LIC Dhan Vriddhi plan no. 869 provides various benefits, including life coverage, maturity benefits, and potential bonuses. The plan may offer policyholders the option to receive a lump sum amount at maturity or choose a periodic payout.
  • Q: What is the claim process for LIC Dhan Vriddhi, and what documents are required in the unfortunate event of a policyholder's demise?

    Ans: In the event of a claim, a clear understanding of the process and necessary documentation is essential for beneficiaries. LIC Dhan Vriddhi is designed to provide a death benefit, and policyholders should be aware of the steps to be taken and the documents required to facilitate a smooth claims settlement process during a challenging time.
  • Q: Can I surrender my LIC Dhan Vriddhi policy before the maturity date?

    Ans: Yes, you can surrender your LIC Dhan Vriddhi policy before maturity. Surrender value is payable provided at least one full year's premium has been paid. The surrender value is calculated based on the premiums paid and the duration for which the policy has been in force.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:-
++Returns are 10 years returns of Nifty 100 Index benchmark

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