The country’s largest insurance company LIC has launched its new policy ‘Dhan Vridhi’. In this new policy, the insured will get guaranteed returns along with insurance cover. This will be a single premium life insurance plan which will be non-linked, non-participating and for individuals.
LIC’s ‘Dhan Vriddhi’ policy has been launched on 23 June 2023. The company has currently fixed 30 September 2023 as the last date for purchasing this policy. Here you will get every detail of the policy…
Features of LIC Dhan Vridhi Plan
In this policy of LIC, people will get the benefit of a guaranteed return along with insurance cover. While the family members of the policy holders will get financial assistance on the occasion of his death, a guaranteed return will also be available on maturity of the policy.
Customers of this policy will get two options, in which 1.25 times return can be obtained in the first situation and 10 times in the second situation, in case of death of the person. However, the premium will be different for both the situations.
The policy will mature in this number of days
The maturity period in LIC ‘Dhan Vriddhi’ policy will be 10, 15 and 18 years. To become a customer of this policy, your minimum age should be 90 days, that means the policy can be bought in the name of children also.
The minimum sum assured will be
The minimum sum assured for LIC Dhan Vridhi policy will be Rs 1.25 lakh. After this it can be increased with multiples of Rs.5000.
Death Benefit
After the commencement of the risk cover in LIC Dhan Vriddhi, the policy holder will get the ‘Sum Assured’ and the ‘Guaranteed Return’ earned thereon in case of death during the policy term. While on the maturity of the policy, he will get the sum assured and the guaranteed return accumulated till then.
Guaranteed returns will be added to the policy every year at the end of the policy term. In the first option, it will be Rs 60 to 75 on a sum assured of Rs 1,000. Whereas in the second option it will be between 25 to 40 rupees.
Riders will be able to take with the increase in money
With LIC Dhan Vridhi policy, customers can also take Accidental Death and Disability Benefit riders like other term policies. Along with this, loan facility will also be available on this policy. LIC Dhan Vriddhi policy can be bought through an insurance agent and online.
