LIC Dhan Vriddhi is a Non-Linked, Non-Participating, Individual, Savings, Single Premium Life Insurance plan offering a combination of Protection and Savings.
This Plan will provide support to the family in case of unfortunate death of the life assured during the policy term. It will also provide a guaranteed lump sum amount on the date of maturity.

Guaranteed Additions Every Year

Guaranteed Additions will accrue at the end of each policy year, throughout the policy term. The Guaranteed Additions ranges from Rs 60 to Rs 75 (Option 1) and Rs 25 to Rs 40 (Option 2) per Rs 1000 Basic Sum Assured depending on the option chosen, Basic Sum Assured and the Policy Term. It will be higher for higher Sum Assured.

Option to Select Sum Assured

There are two options to select Sum Assured i.e. 1.5 times or 10 times of the Premium.

Eligibility Criteria

Policy Term10 Years15 Years18 Years
Minimum Age at Entry8 Years completed3 Years completed90 Days completed
Maximum Age at EntryOption 160 Years (Nearest Birthday)
Option 240 Years Nearest Birthday35 Years Nearest Birthday32 Years Nearest Birthday


Mode of Premium: Single

Sum Assured:
Minimum: 1.25,000/- (thereafter in multiple of 5000)
Maximum: No Limit

Riders Available:
LIC’s Accidental Death and Disability Benefit Rider
LIC’s New Term Assurance Rider

Death Benefit
It is payable on death of the Life Assured, during the policy term after the date of commencement of risk but before the stipulated date of maturity, shall be “Sum Assured on Death” along with accrued Guaranteed Additions.

“Sum Assured on Death” shall be as per the Option selected and is defined as:
Under Option 1: 1.25 times of ‘Tabular Premium for the chosen Basic Sum Assured
Under Option 2: 10 times of Tabular Premium for the chosen Basic Sum Assured.

Maturity Benefit
On Life Assured surviving the stipulated Date of Maturity, Basic Sum Assured along with accrued Guaranteed Additions shall be payable.

Note: This Plan is available till 30th September 2023.