• Single Premium Plan
• Policy Terms: 10 / 15 / 18 Years
• Guaranteed Additions Included
• Loan Available After 3 Months
• Option 1: 1.25× Premium Cover
• Option 2: 10× Premium Cover
Overview of LIC Dhan Vriddhi Plan 869
Life Insurance Corporation of India introduced LIC Dhan Vriddhi Plan 869 as a single-premium life insurance policy that offers the combined benefits of guaranteed savings and financial protection.
Introduction to LIC Dhan Vriddhi Plan 869
LIC Dhan Vriddhi Plan 869 is a non-linked, non-participating, individual single-premium savings life insurance plan. The policy is designed to provide both life coverage and guaranteed returns, making it a suitable option for individuals looking for safe investment growth along with insurance protection.
The plan ensures financial support for the nominee in case of the policyholder’s unfortunate demise during the policy term. If the life assured survives until maturity, a guaranteed lump sum maturity benefit is paid.
LIC Dhan Vriddhi Plan 869
This policy is ideal for individuals who prefer low-risk financial planning with fixed returns and one-time premium payment convenience.
Launch Date and Withdrawal Details
- Launch Date: 23 June 2023
- First Withdrawal Phase: 30 September 2023
- Relaunch Date: 2 February 2024
- Final Withdrawal Date: 1 April 2024
For accurate and updated information, policyholders should always verify details through the official LIC sources.
What is LIC Dhan Vriddhi Plan 869?
LIC Dhan Vriddhi Plan 869 is specially designed as a single-premium insurance plan, where the entire premium amount is paid once at the beginning of the policy term. After making the payment, the policyholder does not need to pay any additional premiums.
The plan offers guaranteed maturity benefits along with life insurance coverage throughout the policy duration, making it suitable for conservative investors and individuals seeking stable returns.
Main Benefits of LIC Dhan Vriddhi Plan 869
- One-time premium payment at policy inception
- Guaranteed lump sum maturity amount
- Life risk coverage during the policy term
- Availability of two different life cover options
- Loan facility available after completion of three months
Features of LIC Dhan Vriddhi Plan 869
| Feature | Details |
|---|---|
| Plan Category | Non-linked, non-participating, individual savings single-premium life insurance plan |
| Premium Payment Mode | Single premium only |
| Available Policy Terms | 10 years, 15 years, and 18 years |
| Minimum Sum Assured | ₹1,25,000 in multiples of ₹5,000 |
| Maximum Sum Assured | No upper limit |
| Entry Age Eligibility | Depends on selected policy option and policy term |
| Loan Facility | Available after 3 months from policy commencement |
Why Many Investors Prefer LIC Dhan Vriddhi Plan 869
Guaranteed Returns
The plan provides fixed maturity benefits that are not affected by market fluctuations, making it suitable for risk-averse investors.
Single Premium Convenience
Since the premium is paid only once, policyholders do not need to worry about future premium payments.
Life Insurance Protection
The plan provides financial security to family members through death benefit protection during the policy term.
Flexible Policy Term Choices
Customers can choose from multiple policy durations according to their financial goals.
Loan Availability
The policy offers liquidity support through a loan facility after three months of policy issuance.
Backed by LIC Trust
Being offered by LIC, the plan benefits from the credibility and reliability associated with one of India’s most trusted insurance organizations.
Entry Age and Policy Term Details of LIC Dhan Vriddhi Plan 869
The minimum and maximum entry age under LIC Dhan Vriddhi Plan 869 varies according to the selected policy term and plan option.
Eligibility Based on Policy Term
| Policy Term | Minimum Entry Age | Maximum Entry Age – Option 1 | Maximum Entry Age – Option 2 |
|---|---|---|---|
| 10 Years | 8 years | 60 years | 40 years |
| 15 Years | 3 years | 60 years | 35 years |
| 18 Years | 90 days | 60 years | 32 years |
Insurance Protection and Savings Benefits
LIC Dhan Vriddhi Plan 869 combines life insurance security with guaranteed savings benefits. The policy mainly offers the following two core advantages:
Death Benefit
If the policyholder passes away during the policy term, the nominee receives the applicable death benefit according to the selected plan option.
Maturity Benefit
If the life assured survives until the end of the policy term, LIC pays a guaranteed lump sum maturity amount along with applicable guaranteed additions.
The final maturity payout depends on the selected policy option and accumulated guaranteed benefits.
Available Plan Options in LIC Dhan Vriddhi Plan 869
LIC Dhan Vriddhi Plan 869 offers two policy options designed for different financial needs and protection requirements.
LIC Dhan Vriddhi Plan 869 Options
| Option | Life Cover | Maximum Entry Age | Description |
|---|---|---|---|
| Option 1 | 1.25 × Tabular Premium | 60 years for all policy terms | Lower death cover with higher guaranteed additions |
| Option 2 | 10 × Tabular Premium | Depends on selected policy term | Higher life insurance cover with comparatively lower guaranteed additions |
Understanding Tabular Premium
The tabular premium is calculated based on factors such as the policyholder’s age, selected policy term, and chosen sum assured amount. Applicable taxes and optional rider charges are not included in the tabular premium.
LIC Dhan Vriddhi Plan 869 Calculator
The LIC Dhan Vriddhi Plan 869 Calculator is an online estimation tool that helps users calculate the required single premium amount and expected maturity benefits instantly.
The calculator is designed to provide transparent and customizable projections according to the user’s inputs.
Main Functions of the Calculator
- Calculates the single premium amount based on age, policy term, and sum assured
- Estimates guaranteed maturity value and returns
- Displays policy benefits for easy comparison between options
How to Use LIC Dhan Vriddhi Plan 869 Calculator?
Step 1: Open the Calculator Tool
Visit the official LIC website or any trusted insurance premium calculator platform.
Step 2: Enter Policy Details
Provide the following information:
- Entry age
- Preferred policy term
- Desired sum assured amount
- Selected coverage option (Option 1 or Option 2)
Step 3: View the Estimated Results
The calculator will instantly display:
- The single premium payable
- Estimated guaranteed maturity benefit
- Death benefit payable to nominee during the policy term
The calculator helps users understand policy benefits clearly and simplifies premium and maturity value estimation before purchasing the plan.
Death Benefit Under LIC Dhan Vriddhi Plan 869
The death benefit payable under LIC Dhan Vriddhi Plan 869 depends on the selected coverage option at the time of policy purchase.
Death Benefit Options
- Option 1: Death benefit equals 1.25 times the tabular single premium
- Option 2: Death benefit equals 10 times the tabular single premium
In addition to the sum assured on death, accrued guaranteed additions are also payable to the nominee.
For policies issued to minors below 8 years of age, if death occurs before the commencement of risk, only the premium amount paid (excluding taxes and extra charges) is refunded.
Maturity Benefit of LIC Dhan Vriddhi Plan 869
If the policyholder survives until the end of the selected policy term, LIC pays the maturity benefit consisting of:
- Basic Sum Assured
- Accumulated Guaranteed Additions
The guaranteed additions are fixed and declared at the beginning of the policy, ensuring transparency in maturity benefit calculations.
Policy Eligibility and Limits
Eligibility Criteria for LIC Dhan Vriddhi Plan 869 Calculator
| Parameter | Option 1 | Option 2 (10 Years) | Option 2 (15 Years) | Option 2 (18 Years) |
|---|---|---|---|---|
| Minimum Entry Age | 8 years | 8 years | 3 years | 90 days |
| Maximum Entry Age | 60 years | 40 years | 35 years | 32 years |
| Maximum Maturity Age | 78 years | 50 years | 50 years | 50 years |
| Minimum Basic Sum Assured | ₹1,25,000 (multiples of ₹5,000) | – | – | – |
| Premium Payment Mode | Single Premium | Single Premium | Single Premium | Single Premium |
| Available Policy Term | 10, 15, 18 years | 10 years | 15 years | 18 years |
Guaranteed Additions in LIC Dhan Vriddhi Plan 869
Guaranteed additions accumulate every policy year and are payable along with maturity or death benefits. These additions are fixed at policy inception and vary according to the selected option and policy term.
Generally, Option 1 offers comparatively higher guaranteed additions than Option 2.
Additional Benefits and Features
Loan Facility
Policyholders can avail loan benefits after completion of three months from the date of policy commencement.
Surrender Benefit
The plan allows surrender after policy issuance, and the surrender value remains transparent as per LIC guidelines.
Tax Advantages
Premium paid may qualify for deductions under Section 80C, while maturity benefits may receive tax exemption under Section 10(10D), subject to prevailing tax rules.
Free-Look or Cooling-Off Period
The policyholder gets a 15-day free-look period after receiving the policy document to cancel the policy if not satisfied with the terms.
Example of Premium and Maturity Estimation
Suppose a 30-year-old individual selects Option 1 with a policy term of 15 years and chooses a basic sum assured of ₹5,00,000.
LIC Dhan Vriddhi Plan 869 Example
| Parameter | Value |
|---|---|
| Entry Age | 30 years |
| Policy Term | 15 years |
| Selected Option | Option 1 (1.25 × Tabular Premium) |
| Sum Assured | ₹5,00,000 |
| Premium Amount | As calculated by LIC calculator |
| Estimated Maturity Value | Sum Assured + Guaranteed Additions |
Exact premium and maturity values depend on factors such as age, selected term, and sum assured amount. Users should check the official LIC calculator for precise figures.
How to Purchase LIC Dhan Vriddhi Plan 869?
The policy can be purchased both online and offline.
Offline Purchase
Users can buy the plan through LIC agents or POSP-LI representatives.
Online Purchase
The policy is also available through the official LIC website.
Documents and Process
- Submit identity proof, age proof, and address proof
- Fill Proposal Form 300 or Form 360
- Pay the single premium amount through approved payment channels
Important Things to Remember Before Buying
- Only one premium payment is required throughout the policy term
- Risk cover begins immediately after the applicable commencement period for minors
- Loan and surrender benefits become available after three months
- Returns remain guaranteed because the plan is non-linked and non-participating
- Option 2 offers higher death protection but comparatively lower guaranteed additions
- The plan allows entry for children as young as 90 days under specific options
Frequently Asked Questions (FAQs)
What is LIC Dhan Vriddhi Plan 869?
LIC Dhan Vriddhi Plan 869 is a non-linked, non-participating, single-premium endowment insurance plan that combines guaranteed returns with life insurance protection.
Which policy terms are available under this plan?
The policy is available with terms of 10 years, 15 years, and 18 years.
What is the minimum and maximum sum assured available?
The minimum basic sum assured is ₹1,25,000 in multiples of ₹5,000, while there is no upper limit on the maximum sum assured.
Is premium payment required every year?
No, the policy requires only a one-time single premium payment at the beginning.
What are the two coverage options available?
Option 1 provides death cover equal to 1.25 times the tabular premium, whereas Option 2 provides death cover equal to 10 times the tabular premium.
Conclusion
LIC Dhan Vriddhi Plan 869 is a dependable insurance and savings solution for individuals looking for guaranteed returns with a single premium investment. The plan combines life protection, maturity benefits, and fixed guaranteed additions, making it suitable for conservative investors and long-term financial planning.
Using the LIC Dhan Vriddhi Plan 869 Calculator allows users to estimate premium payments and maturity benefits accurately, helping them make smarter and more confident financial decisions.
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