LIC Dhan Vriddhi is a Non-Linked, Non-Participating, Individual, Savings, Single Premium Life Insurance plan offering a combination of Protection and Savings.
This Plan will provide support to the family in case of unfortunate death of the life assured during the policy term. It will also provide a guaranteed lump sum amount on the date of maturity.
Eligibility Criteria
| Policy Term | 10 Years | 15 Years | 18 Years | |
| Minimum Age at Entry | 8 Years completed | 3 Years completed | 90 Days completed | |
| Maximum Age at Entry | Option 1 | 60 Years (Nearest Birthday) | ||
| Option 2 | 40 Years Nearest Birthday | 35 Years Nearest Birthday | 32 Years Nearest Birthday | |
Mode of Premium: Single
Sum Assured:
Minimum: 1.25,000/- (thereafter in multiple of 5000)
Maximum: No Limit
Riders Available:
LIC’s Accidental Death and Disability Benefit Rider
LIC’s New Term Assurance Rider
Death Benefit
It is payable on death of the Life Assured, during the policy term after the date of commencement of risk but before the stipulated date of maturity, shall be “Sum Assured on Death” along with accrued Guaranteed Additions.
“Sum Assured on Death” shall be as per the Option selected and is defined as:
Under Option 1: 1.25 times of ‘Tabular Premium for the chosen Basic Sum Assured
Under Option 2: 10 times of Tabular Premium for the chosen Basic Sum Assured.
Maturity Benefit
On Life Assured surviving the stipulated Date of Maturity, Basic Sum Assured along with accrued Guaranteed Additions shall be payable.
Note: This Plan is available till 30th September 2023.