The LIC Dhan Vriddhi Plan-869 Policy is a straightforward, single-premium life insurance plan from LIC (Life Insurance Corporation of India) that focuses on guaranteed returns and family protection. With this plan, you pay the premium once and enjoy the peace of mind that comes with life cover and steady savings growth.
LIC Dhan Vriddhi is ideal for anyone seeking a secure, non-linked, non-participating policy, meaning it is unaffected by stock market fluctuations. So, if you’re looking for a reliable way to grow your savings and ensure financial security, Dhan Vriddhi could be an excellent choice.
What is LIC Dhan Vriddhi Plan-869 Policy?
The LIC Dhan Vriddhi Policy is designed for individuals who prefer a single-premium payment option, allowing them to make one payment and reap the benefits of both life insurance and a guaranteed payout. The policy’s primary goal is to ensure that policyholders have a safe and predictable way to grow their wealth over time. With assured additions and a guaranteed maturity benefit, Dhan Vriddhi serves as a solid tool for financial security and long-term savings.
Key Features of LIC Dhan Vriddhi Policy
- One-Time Premium Payment: Just pay once and enjoy the benefits without worrying about recurring payments.
- Guaranteed Additions: The policy provides assured additions each year, ensuring that your savings grow reliably over time.
- Life Cover Protection: LIC Dhan Vriddhi offers life cover to financially protect your loved ones in case of an unforeseen event.
- Flexible Policy Terms: Choose from different policy terms, depending on your financial goals and convenience.
- Maturity Benefit: At the end of the policy term, you receive a lump sum maturity benefit that includes the sum assured and guaranteed additions, giving you a reliable payout for future goals.
Why Choose LIC Dhan Vriddhi?
- Guaranteed Returns: Dhan Vriddhi offers stable, guaranteed returns through assured additions, making it an excellent plan for individuals who prioritize safety and steady growth.
- No Need for Multiple Payments: With a single-premium payment, you can sit back and enjoy the benefits without needing to worry about annual or monthly premium payments.
- Life Cover for Family Protection: In the event of the policyholder’s untimely demise, the nominee receives a death benefit, ensuring your family’s financial security.
- Substantial Maturity Benefit: At the end of the policy term, you’ll receive a maturity benefit, providing financial security and support for long-term goals.
Eligibility for LIC Dhan Vriddhi Plan-869 Policy
| Feature | Details |
|---|---|
| Minimum Entry Age | 8 years |
| Maximum Entry Age | 50 years |
| Policy Term | Flexible |
| Premium Payment Mode | Single premium |
| Minimum Sum Assured | Based on age and term chosen |
Benefits of LIC Dhan Vriddhi Plan-869 Policy
The LIC Dhan Vriddhi Policy is designed to give you a balance of life coverage and predictable savings growth:
- Assured Additions: LIC Dhan Vriddhi adds guaranteed amounts each year, allowing your savings to grow consistently and predictably.
- Death Benefit: If the policyholder passes away during the policy term, the nominee will receive a death benefit, helping support your family in difficult times.
- Maturity Benefit: At the end of the policy term, you get a guaranteed maturity benefit that includes the sum assured and all accrued additions, providing a valuable financial payout.
- Loan Facility: After the policy acquires a surrender value, you can borrow against it, giving you flexibility if financial needs arise.
- Tax Benefits: Premiums paid are eligible for tax deductions under Section 80C, and the maturity benefit is tax-free under Section 10(10D), adding to its appeal.
How to Apply for LIC Dhan Vriddhi Plan-869?
To apply for LIC Dhan Vriddhi Plan-869, visit your nearest LIC branch, contact an LIC agent, or apply online via the LIC official website. Ensure you have reviewed the terms and benefits and prepared all required documents before applying.
FAQs
1. What is the single-premium payment feature of LIC Dhan Vriddhi?
- With LIC Dhan Vriddhi, you only pay the premium once at the beginning of the policy term, making it a hassle-free option without ongoing payments.
2. How do the guaranteed additions work in LIC Dhan Vriddhi?
- The policy provides yearly assured additions, which accumulate throughout the term and increase the total payout at maturity.
3. What happens if I survive the full policy term?
- If you survive the policy term, you’ll receive a maturity benefit that includes the sum assured plus all accrued guaranteed additions.
4. Can I take a loan against the LIC Dhan Vriddhi Policy?
- Yes, once the policy acquires a surrender value, you’re eligible to take a loan against it, giving you flexibility if you need funds.
5. Are there tax benefits with LIC Dhan Vriddhi?
- Yes, the premiums are tax-deductible under Section 80C, and the maturity payout is tax-free under Section 10(10D), making it a tax-efficient investment option.
Conclusion
The LIC Dhan Vriddhi Plan-869 Policy is a straightforward, reliable plan that combines life cover with guaranteed returns and a one-time premium payment option.
With guaranteed additions and a lump-sum maturity benefit, it provides financial security while helping grow your savings over time. It’s an ideal choice for those who want the stability of assured returns without the hassle of recurring payments. With LIC Dhan Vriddhi, you can secure your family’s future and ensure financial peace of mind.
Hi there, I am Deepam Mishra full time Blogger & Local SEO Expert. I would love to create websites and different niches blogs. With over 3+ Years of experience in Web Development and Local SEO i helped & Support so many Business.