The country’s largest insurance company LIC has launched its new policy ‘Dhan Vridhi’. In this new policy, the insured will also get guaranteed returns along with the insurance cover. It 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 September 30, 2023 as the last date for purchasing this policy. Here you will get all the information about the policy.
Features of LIC Dhan Vridhi Plan
In this policy of LIC, people will get the benefit of guaranteed returns along with insurance cover. While the family members of the policyholder will get financial support on the occasion of his/her death, the policy will also get guaranteed returns on maturity.
Customers of this policy will get two options, in which 1.25 times in the first case and 10 times in the second case can be obtained in case of death of the person. However, the premium will be different for both the conditions.
In this number of days the policy will mature
The maturity period in LIC ‘Dhan Vridhi’ policy will be 10, 15 and 18 years. Your minimum age should be 90 days to become a customer of this policy, that means the policy can be bought in the name of children also.
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 in multiples of Rs.5000.
death benefit
Once the risk cover in LIC Dhan Increment commences, the policy holder will get the ‘Sum Assured’ and the ‘Guaranteed Return’ earned thereon in the event of death during the policy term. On the other hand, on the maturity of the policy, he will get the sum assured deposited till then and the guaranteed return.
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 for a sum assured of Rs 1,000. While in the second option it will be between 25 to 40 rupees.
Will be able to take riders with the increase in funds
With LIC Dhan Vridhi policy, customers can also avail accidental death and disability benefit riders like other term policies. Along with this, loan facility will also be available on this policy. LIC Dhan Vridhi policy can be bought online as well as through an insurance agent.
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