LIC DHANA VRIDDHI PLAN 869 - LIC NEW PLAN

LIC DHANA VRIDDHI PLAN 869

The newly launched LIC Dhan Vriddhi 869 is a single premium plan with a life cover. LIC Dhan Vriddhi plan is a guaranteed return, Non-Linked, Non-Participating, Individual, Savings,  which offers a combination of protection, savings and tax benefit plan.

LIC Dhan Vriddhi 869 provides financial support for the family in case of unfortunate death of the life assured during the policy term. It also provides a guaranteed lump sum amount on the date of maturity for the surviving life assured. The maturity or the death benefit can be availed in instalments also. 

This plan is available till September 30, 2023 only. 

 

Beneficial for :

Being a single premium for 10, 15 and 18yrs, LIC DHANA VRIDDHI PLAN 869 can be recommended to anyone from the age of 90 days to 60 years as a Life Insurance Plan with Riders. A one time premium simple Investment Plan with Guaranteed Benefits, 

LIC DHANA VRIDDHI PLAN 869 Requirements:

• The minimum Sum Assured is Rs. 1,25,000


• Sum Assured in multiple of Rs.5,000


• Maximum Sum Assured No limits


• Single Premium Insurance Plan with three policy terms and two options for life cover


• Guaranteed Additions, based on Basic Sum Assured,  Options & Term.  

Riders available under this plan :

The proposer can opt for Accidental Death and Disability Benefit Rider or Term Assurance Rider on paying an extra premium. 

Benefits of LIC Dhan Vriddhi plan

• There are three policy terms 10, 15 and 18 years, fulfilling all your goals.
• Save Tax under Sec 80C & 10(10D)
• Government Sovereign guarantee as per Sec 37 of LIC Act
• There is no upper limit on the Maximum Basic Sum Assured for this policy.
• The Minimum Basic Sum Assured is Rs 1.25 lakh for the policy
• Best for Child education and their future
• This plan can be purchased directly or offline also from the LIC Agents
• The proposer can choose between 1.25 times life insurance coverage and 10 times life cover. 
• Provision to receive the maturity and death benefits. The policyholder can opt to receive the benefits in installments like monthly, quarterly, half-yearly or yearly mode as given in the plan features.  

Loan on LIC Dhan Vriddhi plan

• Policy Loan is available after 3 months from the date of the completion of the Policy.

Surrender terms and conditions

The Guaranteed Surrender value ( GSV) payable under LIC Dhan Vriddhi plan:

•  75% of the Single Premium in the first three years.

• After 3 years, 90% of the base Single Premium 

This plan is available till 30th September 2023 

AADHAAR PAN LINK LAST DATE 30JUNE, 2023

AADHAAR PAN LINK - LAST DATE 

As you are aware, linking of PAN-Aadhar is mandatory with effect from 1st  July 2023. 

If PAN-Aadhaar is not linked, the PAN will be deemed as "inoperative". Once PAN becomes "inoperative", it is deemed that the investor had not furnished, intimated, or quoted PAN and accordingly be liable for consequences under the applicable Act. 

Please be informed that Mutual Fund transactions (Fresh or Additional Purchase, Switch, Fresh & Existing Systematic, Redemption etc.) may get rejected or higher TDS may be deducted, as applicable.

The PAN will become "operative" only when the same is linked with Aadhaar.