LIC Dhan Vriddhi Plan 869 Details, Example, Features and Benefits with Example
LIC of India new plan launched 23, june 2023 which name is LIC Dhan Vriddhi Plan (Table No 869) is a Guaranteed returns an endowment insurance policy with savings where the single premium paid once at the start of the policy.
‘LIC’s Dhan Vriddhi Plan 869’ is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance single premium policy which offers a combination of protection and savings during the policy term. Dhan Vriddhi policy offers up to Rs.75 per Rs.1,000 sum assured as guaranteed addition.
In this plan the premium is paid in lump sum at the beginning of the policy and the returns are given to the policyholder at the end of policy term or to the nominee in case of death of the policyholder. This Plan can be purchased Offline through agent/POSP-LI as well as Online directly through website www.licindia.in.
Also Read this : Invest 10K per month & Get Rs 1 Cr returns
Key Features
- In this plan if person lives till end of Term of the policy, policy holder will be given Maturity Benefit which is SUM ASSURED + Guaranteed Bonus.
- If policy holder dies within the term of the Policy Death Benefit paid to Nominee i.e.
- Option 1 = 1.25 times of Basic Sum Assured + Accrued Guaranteed Bonus.
- Option 2 = 10 times of Basic Sum Assured + Accrued Guaranteed Bonus.
- There is High Bonus and High liquidity and saving under this LIC Plan No 869.
- Two optional riders are available under this plan:
- (a) LIC’s Accidental Death and Disability Benefit Rider, and
- (b) LIC’s New Term Assurance Rider.
- The policy holder will also be eligible for tax benefits under Section 80-C.
- Facility of Surrender – The policy can be surrendered by the policyholder at any point of time during the the policy term.
Eligibility/Parameter of LIC’s Dhan Vriddhi Policy 869
| Minimum age | 90 days (completed) – for a period of 18 years 3 years (completed) – for a period of 15 years 8 years (completed) – for a period of 10 years |
| Maximum age | 60 years – for option 1 40 years – for option 2 (for a period of 10 years) 35 years – for option 2 (for a period of 15 years) 32 years – for option 2 (for a period of 18 years) |
| Premium payment | Single |
| Policy Term | 10, 15 and 18 years |
| Minimum Basic Sum Assured | 1,25,000 रु. in multiple of Rs. 5,000 |
| Maximum investment amount | No limit |
| Minimum Maturity Age | 18 years (completed) |
| Maximum Maturity Age | Option 1: 78 years (nearer birthday) Option 2: 50 years (nearer birthday) |
| Loan | Loan is available |
Read Also This – LIC Nivesh Plus 849 One Time Investment Plan
LIC’s Dhan Vriddhi 869 Benefits
Maturity Benefit
Maturity Benefit: If the policy holder survives till the date of maturity, “Basic Sum Assured” along with accrued Guaranteed Bonus” Additions will be payable.
Death Benefit
After Commencement of Risk : If the Insured person dies within the Policy Term after the commencement of Risk, then death benefit will be given to Nominee of the Policy.
Option 1 = 1.25 times of Basic Sum Assured + Accrued Guaranteed Bonus.
Option 2 = 10 times of Basic Sum Assured + Accrued Guaranteed Bonus.
Before Commencement of Risk : If the Insured person dies within the Policy Term before the commencement of Risk, then Single Premium that he paid excluding taxes and extra premium if any, without interest will be given to the Nominee of the Policy.
Read Also This – LIC SIIP Plan 852 » Great scheme for people who’s invest in Share market
Guaranteed Additions
LIC’s Dhan Vriddhi Plan 869 with an Example
An example of Ramesh is purchasing this Plan with following details:
| Sum Assured | Rs.10,00,000 |
| Policy Term | 15 Years |
| Policy Purchase Year | 2023 |
| Age | 30 Years |
| Single Premium | Rs. 8,58,100/- |
Maturity Details
If policy holder Ramesh survives the policy term 15 years then Maturity will be as under:
| Maturity Year | Maturity Age | Maturity Amount (approx) |
|---|---|---|
| 2038 | 45 | 21,25,000/- |
Year-wise Death Claims
| Year | Age | Premium | GA | Maturity |
|---|---|---|---|---|
| 2023 | 30 | 8,58,100 | 75000 | 0 |
| 2024 | 31 | 0 | 75000 | 0 |
| 2025 | 32 | 0 | 75000 | 0 |
| 2026 | 33 | 0 | 75000 | 0 |
| 2027 | 34 | 0 | 75000 | 0 |
| 2028 | 35 | 0 | 75000 | 0 |
| 2029 | 36 | 0 | 75000 | 0 |
| 2030 | 37 | 0 | 75000 | 0 |
| 2031 | 38 | 0 | 75000 | 0 |
| 2032 | 39 | 0 | 75000 | 0 |
| 2033 | 40 | 0 | 75000 | 0 |
| 2034 | 41 | 0 | 75000 | 0 |
| 2035 | 42 | 0 | 75000 | 0 |
| 2036 | 43 | 0 | 75000 | 0 |
| 2037 | 44 | 0 | 75000 | 0 |
| 2038 | 45 | 0 | 75000 | Maturity 21,25,000/- |
Also Read this – LIC’s full family protection plan
Bank FD, Share market, Mutual fund इन सब में अब कुछ नहीं रखा है। Crypto currency में एक बार इन्वेस्टमेंट करके देखो, मालामाल हो जाओगे, मात्र Rs.1000 से शुरुवात कर सकते हैं, और मात्र 1 महीने में आप पैसों को दुगना कर सकते हैं, Try करने के लिए दिए गए लिंक से app download कर सकते है।
https://wazirx.com/invite/2qtqw4gb
LIC Dhan Vriddhi 869 Additional Information
Risk Coverage: Till end of Term of the Policy.
Date of Commencement of Risk: In case of children whose age is less than 8 years risk commencement starts either from 2 years of taking the policy or 8 years old which is earlier.
Surrender : Any time.
Loan Facility: Loan facilities is available after 3 month under this policy.
Income Tax Deduction: Available under Section 80-C for premiums paid only.
Proposal Forms: Proposal Form no. 300 and 360 will be used under this plan.
Cooling-off Period: If a policyholder is not satisfied with the ‘Terms and Conditions” of the policy, he/she may return the policy within 15 days from the date of receipt of the policy.
LIC’s Other Plans
- Your Shortcut to Financial Success!
Listen to this article You’re investing in mutual funds with a specific goal in mind, but do you always remember… - SBI Best SIP Plan 2025 | For 4 Years | Lumpsum | SBI Contra Regular Growth Fund
SBI Best SIP Plan 2025: Discover how small monthly investments in SBI’s mutual funds can help you build a substantial… - How to Maximize Your SIP Returns Like a Pro
Listen to this article Have you ever wondered why some people seem to achieve extraordinary wealth while others struggle to… - Good or Bad? An Insightful Review
Listen to this article Is the Aviva Bharat Parivar Vikas Yojana the right choice to help achieve that goal? WhatsApp… - LIC Nivesh Plus 749: The Best Fixed Deposit Plan for High Returns @15%
Are you looking for a best fixed deposit option that offers excellent returns and helps you achieve financial security for…
I hope “LIC Dhan Vriddhi Plan 869” के बारे में ये जानकारी अच्छी लगी होगी, अगर हाँ तो इसे अपने सभी Friends के साथ Social media पर Share जरुर करें ताकी आपकी मदद से दुसरे लोग भी इस योजना की जानकारी को पढ़ सकें, और वो इसका लाभ ले सके, कोई ऐसी जानकारी रह गयी हो और आप जानना चाहते हो तो आपके सुझाव व प्रस्ताव स्वीकार्य हैं और नीचे दिए गए comment box में टिप्पणी भी अवश्य दें! धन्यवाद…….
