Basic Eligibility Conditions and Features of LIC’s Dhan Vriddhi Plan (Table No. 869):-

a) Minimum Age at Entry:-                               90 Days (For Policy Term 18 years)

                                                                               3 years (For Policy Term 15 years)

                                                                               8 years (For Policy Term 10 years)

b) Maximum Age at Entry:-                              Option 1- 60 years

                                                                               Option 2- 40 years for policy term 10 years

                                                                                                35 years for policy term 15 years

                                                                                                32 years for policy term 18 years

c) Minimum Age at Maturity:-                         18 years (Completed)

d) Maximum Age at Maturity:-                        Option 1- 78 years (NBD)

                                                                               Option 2- 50 years (NBD)

e) Minimum Basic Sum Assured:-                  Rs. 125000/

f) Maximum Basic Sum Assured:-                  No Limit (The Basic sum assured shall be in multiples of 5000/)

g) Mode of Payment:-                                       Single Premium only

h) Policy Term:-                                                 10, 15 & 18 years.

g) Guaranteed Death Benefit in two Options:-

       Option 1-  1.25 Times of basic sum insured

       Option 2-  10 Times of basic sum insured

Death Benefit:-  Death Benefit payable, on the 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:-
       1) Under Option 1: 1.25 times of ‘Tabular Premium for the chosen Basic Sum Assured.
       2)  Under Option 2: 10 times of Tabular Premium for the chosen Basic Sum Assured.
However, in the case of minor Life Assured, whose age at entry is below 8 years, on death before the commencement of Risk (as specified in Condition 4 of Part C below), the death benefit payable shall be refund of premium(s) paid (excluding taxes, any extra premium and rider premium(s), if any), without interest 

 Option to take Death Benefit in Installments:- The death benefit can be received in installments of 5 years instead of the lump-sum amount if required.

 Riders Available:-  Accidental Death and Disability Rider and Term assurance rider can be opted by paying extra premium.

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

 Option to take Maturity Benefit in Installments:-  The Maturity benefit can be received in installments of 5 years, instead of the lump-sum amount if required.

Policy Loan:-  Loan shall be available under the Policy subject to the policy terms and conditions, within the surrender value of the policy for such amounts  and on such further terms and conditions as the Corporation may fix from time to time.

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