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LIC's Dhan Vriddhi

Life Insurance Corporation of India · LIC & Life Insurance Policies

A single-premium savings policy with a guaranteed lump sum at maturity, sold as protection plus savings.

Premium set by LIC Not published as a number here — it varies by provider, tenure or plan.

Premium depends on age, term and sum assured — use LIC's calculator for your figure

Check the official page

Source LIC — plan brochure

licindia.in/web/guest/endowment-plans

Read from LIC's sales brochure "Lic leaflet Dhan Vriddhi 4x9 inches wxh web.pdf". Use LIC's calculator for a premium at your age.

How it works

LIC's Dhan Vriddhi is a lic & life insurance product from Life Insurance Corporation of India, in the guaranteed category: fixed by contract. A single-premium savings policy with a guaranteed lump sum at maturity, sold as protection plus savings.

Because the return type is guaranteed, the questions that matter most are: Is the rate fixed for the whole tenure, or revised during it? Who is actually promising to pay, and what happens if they don't?

  • A guaranteed lump sum at a known date
  • Parking a maturity or bonus in a single-premium policy

Key facts

Provider
Life Insurance Corporation of India
UIN
512N362V02
Source
LIC — plan brochure ↗ https://licindia.in/web/guest/endowment-plans
Rate
Premium set by LIC ↗
Category
LIC & Life Insurance Policies
Minimum investment
— Premium depends on age, term and sum assured — use LIC's calculator for your figure
Tenure
10, 15 or 18 years
Payout
Guaranteed lump sum at maturity
Eligibility
Entry from 90 days (18-year term), 3 years (15-year) or 8 years (10-year). Maximum entry age 60, 35 or 32 depending on term.
Getting your money back
Surrender is allowed once the policy acquires a surrender value; a policy loan is available.
Protection
Guaranteed benefits fixed at purchase; not a market-linked return.
Tax
Premiums may qualify for a deduction under Section 80C. Maturity proceeds are exempt only if the policy meets the conditions in Section 10(10D), including the aggregate premium limit — check the current rules for the year you buy.

What can go wrong

  • A single premium ties up a large sum for 10 to 18 years.
  • Surrendering early usually returns less than you paid.
  • The guaranteed return can lag inflation and other savings options.

Before you decide anything

  • The minimum sum assured (₹1,25,000) and the multiples it must be in
  • The surrender value in each of the first five years

These are questions to take to the provider, not a checklist that makes a product suitable. Whether something fits your situation is a decision only you — or an adviser you choose — can make.

Official sources

These link to the regulator or provider where the rules for this type of product are set out. They are the pages worth checking before you act, because they are the ones that get updated.

Other products in this category

The same rules and the same kind of trade-offs, described the same way.