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LIC Dhan Vriddhi was withdrawn by the company on 02-02-2024.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.

Read more
LIC Plans-
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
rating
7.7 Crore
Registered Consumer
53
Insurance Partners
4.2 Crore
Policies Sold
Now Available on Policybazaar
Grow wealth through
100% Guaranteed Returns with LIC
+91
Secure
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
rating
7.7 Crore
Registered Consumer
53
Insurance Partners
4.2 Crore
Policies Sold

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Life Insurance Corporation of India has withdrawn its LIC Dhan Vridhhi plan and is no longer available for purchase.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.

FAQ's

  • 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:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark

LIC of India
LIC Plans
LIC Amritbaal
LIC Index Plus
LIC Jeevan Dhara II-872
LIC Jeevan Utsav
LIC Jeevan Kiran
LIC Monthly Investment Plans
LIC Jeevan Azad
LIC 1 Crore Endowment Plans
LIC Jeevan Labh 1 Crore
LIC Crorepati Plan
LIC Dhan Varsha - Plan No. 866
LIC Pension Plus Plan
LIC New Jeevan Shanti
LIC Bima Ratna
LIC Group Plans
LIC Fixed Deposit Monthly Income Plan
LIC Savings Plans
LIC’s New Jeevan Anand
LIC New Jeevan Anand Plan 915
LIC's Saral Jeevan Bima
LIC's Dhan Rekha
LIC Jeevan Labh 836
LIC Jeevan Jyoti Bima Yojana
LIC Child Plans Single Premium
LIC Child Plan Fixed Deposit
LIC Jeevan Akshay VII
LIC Yearly Plan
LIC Bima Jyoti (Plan 860)
LIC’s New Bima Bachat Plan 916
LIC Bachat Plus Plan 861
LIC Policy for Girl Child in India
LIC Samriddhi Plus
LIC New Janaraksha Plan
LIC Nivesh Plus
LIC Policy for Women 2024
LIC Plans for 15 years
LIC Jeevan Shree
LIC Jeevan Chhaya
LIC Jeevan Vriddhi
LIC Jeevan Saathi
LIC Jeevan Rekha
LIC Jeevan Pramukh
LIC Jeevan Dhara
LIC Money Plus
LIC Micro Bachat Policy
LIC Endowment Plus Plan
LIC Endowment Assurance Policy
LIC Bhagya Lakshmi Plan
LIC Bima Diamond
LIC Anmol Jeevan
LIC Bima Shree (Plan No. 948)
LIC Jeevan Saathi Plus
LIC Jeevan Shiromani Plan
LIC Annuity Plans
LIC Jeevan Akshay VII Plan
LIC SIIP Plan (Plan no. 852) 2024
LIC Jeevan Umang Plan
LIC Jeevan Shanti Plan
LIC Online Premium Payment
LIC Jeevan Labh Policy-936
LIC Money Plus Plan
LIC Komal Jeevan Plan
LIC Jeevan Tarang Plan
LIC Bima Bachat Plan
LIC’s New Money Back Plan-25 years
LIC Money Back Plan 20 years
LIC Limited Premium Endowment Plan
LIC Jeevan Rakshak Plan
LIC New Jeevan Anand (Previously LIC Plan 149)
LIC New Endowment Plan
LIC Varishtha Pension Bima Yojana
LIC Investment Plans
LIC Pension Plans
Show More Plans
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

LIC of India articles

Recent Articles
Popular Articles
Understanding LIC Surrender Value

07 Oct 2024

3 min read

Surrendering the LIC policy is an important aspect of LIC
Read more
Understanding LIC Annualized Premium: A Comprehensive Guide

20 Sep 2024

4 min read

When it comes to securing your financial future through life
Read more
What Is LIC Paid-Up Sum Assured?

20 Sep 2024

3 min read

When managing your life insurance with the LIC, understanding
Read more
Understanding LIC Lapsed Policies: What You Need to Know

13 Sep 2024

4 min read

Life Insurance Corporation of India (LIC) offers a range of
Read more
Understanding LIC Premiums

11 Sep 2024

3 min read

LIC premiums are an important aspect of life insurance policies
Read more
LIC Online Premium Payment

3 min read

The LIC Online Payment by Policybazaar enables policyholders to pay their insurance premiums online at their
Read more
10 Best LIC Plans to Invest in 2024

3 min read

Since 1956, LIC of India has offered several policies that combine insurance protection with wealth accumulation
Read more
Surrendering LIC Policy Before Maturity Time: Your Guide!

3 min read

The surrender value of an LIC policy is the amount given to the policyholder if they cancel their policy before
Read more
How to Check the Maturity Amount of LIC Policies?

4 min read

The LIC maturity value is the amount payable to the policyholders at the end of their policy term. To calculate
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL