Dhan Vriddhi New Plan LIC Of India Launches 2023
New Plan – Dhan Vriddhi (Close Ended Plan) of LICI,
Genre – LIC of India,
Dhan Vriddhi Plan No. – 869,
Date of Launch – 23.06.2023,
Sale of Duration – 23.06.2023 to 30.09.2023,
LIC Of India Launches Dhan Vriddhi New Plan
Life Insurance Corporation of India (LIC of India) introduced a new plan, LIC’s Dhan Vriddhi with effect from 23.06.2023. This is a close ended plan and shall be available for sale from 23.06.2023 to 30.09.2023. The Unique Identification Number (UIN) for LIC’s Dhan Vriddhi Plan is 512N362V01. Viewers who will be determined to bye the Dhan Vriddhi policy please immediate contact the Agent of LIC Of India or visit in your nearest branch of LIC Of India. Buyers can visit the official website at www.licindia.in for more details.
About Dhan Vriddhi Plan (Plan No. – 869): What is Dhan Vriddhi Life Insurance plan?
LIC’s Dhan Vriddhi is a Non-Linked, Non-Participating, Individual, Savings, Single Premium Life Insurance plan which offers a combination of protection and savings. This Endowment plan provides financial support for the family in case of unfortunate death of the life assured during the policy term. It also provides guaranteed lump sum amount on the date of maturity to the life assured. Being a single premium plan there is no future premium obligation and no lapsation.
Which is LIC best Policy for Individual Insurance Protection?
The proposer will have two options to choose where “Sum Assured on Death” can either be 1.25 times (Option -1) or 10 times (Option -2) the Tabular Premium for the chosen Basic Sum Assured subject to certain eligibility conditions. The plan is available for 10, 15 or 18 years of term. The minimum age at entry varies from 90 days to 8 years depending upon the term selected. The maximum age at entry varies from 32 years to 60 years depending upon the term and option selected.
Minimum Basic Sum Assured:
The Minimum Basic Sum Assured is Rs.1,25,000/- and can be opted for more in multiples of Rs. 5000/-
Death and Maturity Benefit:
On death of the Life Assured, during the policy term after the date of commencement of risk but before the stipulated date of maturity the amount payable shall be “Sum Assured on Death” along with accrued Guaranteed Additions is payable. On Life Assured surviving the stipulated Date of Maturity, “Basic Sum Assured” along with accrued Guaranteed Additions shall be payable. The Guaranteed Additions shall accrue at the end of each policy year, throughout the policy term. The guaranteed Additions ranges from Rs.60/- to Rs.75/- (Option 1) and Rs.25/- to Rs.40/- (Option 2) per Rs.1000/- Basic Sum Assured depending on the Option Chosen, Basic Sum Assured and the Policy Term. The Guaranteed Additions are higher for higher Sum Assured.
Accidental Death and Disability Benefit:
LIC’s Accidental Death and Disability Benefit Rider and LIC’s New Term Assurance Rider are available if opted. Settlement Option is available on Maturity/Death to avail the claim in Mly/ Qly/ Hly/ Yly intervals for 5 years. The plan offers liquidity through Loan facility which is available anytime after 3 months from completion of the policy.
This Plan can be purchased Offline through agent /other intermediaries including Point of Sales Persons-Life Insurance (POSP-LI) / Common Public Service Centers (CPSC-SPV) as well as Online directly through website www.licindia.in. subject to terms and conditions. Dated at Mumbai on 23rd June, 2023.
Key Features : LIC’s Dhan Vriddhi
• Single Premium Plan
• Options to choose the Policy Term and the Death Cover
• Guaranteed Additions throughout the Policy term
• Higher Guaranteed Additions for policies with higher Basic Sum Assured
• Lumpsum Benefit on Death or Maturity
• Option to take Death Benefit in Instalment and Settlement Option on Maturity
• Option to choose riders i.e. LIC’s Accidental Death & Disability Benefit Rider and LIC’s New Term Assurance Rider
• Policy Loan available
Eligibility Conditions and Other Restrictions:
1. Policy Term 10,15 & 18 years
2. Minimum Age at Entry : 90 days (completed) for policy term 18 years 3 years (completed) for policy term 15 years 8 years (completed) for policy term 10 years
3. Maximum Age at Entry Option 1: 60 years (nearer birthday) Option 2: 40 years (nearer birthday) for policy term 10 years 35 years (nearer birthday) for policy term 15 years 32 years (nearer birthday) for policy term 18 years
4. Minimum Age at Maturity 18 years (completed)
5. Maximum Age at Maturity Option 1 : 7 8 years (nearer birthday)Option 2: 50 years (nearer birthday)
6. Mode of Premium payment Single premium
7. Minimum Basic Sum Assured Rs. 1,25,000/-
8. Maximum Basic Sum Assured No Limit Basic Sum Assured shall be in multiples of Rs. 5,000/-
For Further Information please contact:
Executive Director (CC),
LIC of India, Central Office, Mumbai.
Email id – [email protected]
Or, Visit the official website at www.licindia.in
Insurer / buyer can collect and read the information Brochure as PDF file from this page below.
Information Brochure for Dhan Vriddhi Plan of LIC Of India as PDF file
LIC Of India Dhan Vriddhi Plan Press Release dt 23.06.2023 as PDF file
LIC Of India Policy Document for Dhan Vriddhi Plan as PDF file