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Secure Your Future with LIC’s Dhan Vriddhi (869): A Comprehensive Guide with Illustrations and Benefit Analysis

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Dhan Vriddhi – plan 869 – the new Single Premium Plan from LIC of India has been introduced with effect from 23rd June 2023. The uniqueness of the plan is that it offers completely guaranteed benefits comparable to other savings products in the market.

Update: LIC has reduced the premium of Dhan Vriddhi on 1st February 2024 and shall be available till 31st March 2024 at reduced rates, making the plan even more attractive.

Thus LIC’s Jeevan Vriddhi is a hassle-free and secure investment option that guarantees a fixed payout at maturity. With a one-time premium payment, the plan offers a lump sum amount at the end of the term, along with guaranteed additions. The policy term of 10, 15 and 18 , gives investors the flexibility to choose a term that suits their financial goals.

Unlike market-linked investment options, this plan provides safety from market volatility and assures a decent return on investment. The plan also comes with tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, making it a tax-efficient investment option. With LIC’s trusted brand and over six decades of experience, investors can rest assured that their investment is in safe hands.

Term10 Years15 Years18 Years
Minimum age at entry8 Years (completed)3 Years(completed)90 days (completed)
Maximum age at entryOption 1- 60 YearsOption 1 - 60 YearsOption 1 - 60 Years
Option 2- 40 YearsOption 2- 35 YearsOption.2 - 32 Years

Maturity benefits - Dhan Vriddhi

Dhan Vriddhi plan is an investment option with several benefits. One of the key advantages is a lump sum payout at maturity that is higher than the initial investment. This is because the plan provides guaranteed additions each year, ensuring a higher guaranteed return on investment at maturity.

The guaranteed addition rates vary based on the invested amount, investment option and term chosen.

Guaranteed Addition rates Dhan Vriddhi - Plan -869

Guaranteed Additions (per 1000 Basic Sum Assured)
Basic Sum AssuredOption 1 (1.25 times Cover)Option 2 (10 times Coverage)
10 Years15 Years18 Years10 Years15 Years18 Years
Rs 1,25,000 to 2,45,000606565253030
Rs. 2,50,000 to 6,95,000657070303535
Rs 7,00,000 and above707575354040
Dhan Vriddhi- plan 869 - Guaranteed addition rate comparison

Premium and maturity value for different options are shown in the chart given below.

Single premium for Basic Sum Assured Rs. 10,00,000
AgeOption -1 (1.25 times SA)
10 Years15 Years18 Years
PremiumMaturity ValuePremiumMaturity ValuePremiumMaturity Value
AgeOption -2 (10 times SA)
10 Years15 Years18 Years
PremiumMaturity ValuePremiumMaturity ValuePremiumMaturity Value

Insurance Coverage - LIC's Dhan Vriddhi

The Dhan Vriddhi insurance plan from LIC has two minimum coverage options. Option 1 gives you 1.25 times your tabular premium in coverage whereas Option 2 gives you 10 times your tabular premium as minimum coverage.

The coverage shall be enhanced by the accrued guaranteed additions also.

Jeevan Vriddhi - Riders available

Accidental Death and Disability Rider

This extra insurance called “Accidental death & disability rider” helps if the insured has a permanent disability or dies unexpectedly from an accident. It’s useful if you work in a high-risk job, do extreme sports or travel often. It helps you pay for medical expenses, lost income because of the accident, lump-sum payment for costs, or funeral costs.

This extra protection doesn’t cost a lot of money, and it’s not complicated to add to your other insurance. It’s an excellent way to invest in your safety and be less worried about what could happen. 

Term Assurance Rider

Term assurance rider is an affordable and flexible life insurance option that can be added as a rider to existing policies. It offers customizable coverage for a specific period, a death benefit for beneficiaries, tax benefits, and peace of mind for policyholders.

Why Dhan Vriddhi?

Imagine the peace of mind that comes with knowing that your future and your family’s future are secured. By opting for one of these options, you’re taking the first step towards building a strong financial foundation that can support you through life’s ups and downs. Don’t let the fear of the unknown hold you back from planning for your family’s secure tomorrow. Choose wisely and take control of your financial future today!

Additionally, the maturity benefit is tax-free, making it an attractive option for those seeking tax benefits. Ultimately, the Dhan Vriddhi plan is an excellent choice for investors looking for a guaranteed return and tax benefits.


Anish L J

Anish L J is a 'Financial Planner' and member of Chartered Insurance Institute(CII), London and Insurance Institute of India. He is also a finance, insurance and software consultant. He thoroughly follows the developments in finance, insurance, and other related sectors.