ILIC Dhan Vridhhi plan (plan no. 869) is a single-premium, non-linked, non-participating, individual, savings, life insurance plan. It offers protection and savings during the policy term. The plan was launched on June 23, 2023, and will be available till September 30, 2023.
The LIC Dhan Vridhhi plan is a good option for those looking for a single-premium plan with guaranteed returns. The plan offers a combination of protection and savings. The guaranteed additions can help to boost the maturity benefit. However, it is important to note that the plan is non-participating. This means that the policyholder will not participate in the profits of the Life Insurance Corporation of India.
Here are some of the key features of the LIC Dhan Vridhhi plan:
- Single premium payment: The entire premium is payable at the time of inception of the policy.
- Guaranteed additions: The plan offers guaranteed additions of up to Rs. 75 per Rs. 1,000 sum assured.
- Maturity benefit: The maturity benefit is the sum assured plus the guaranteed additions.
- Death benefit: In the event of death of the policyholder during the policy term, the nominee will receive the sum assured plus the guaranteed additions.
If you are considering the LIC Dhan Vridhhi plan, it is essential to review its terms and conditions. Carefully analyzing the plan’s details is crucial before making any decision. Furthermore, seeking advice from a financial advisor is recommended to determine if the plan suits your needs.