In a strategic move aimed at bolstering its offerings, the Life Insurance Corporation of India (LIC) has unveiled its latest financial product, “LIC’s Dhan Vriddhi (Plan 869)”, effective from June 23, 2023. This unique plan, available for a limited period from June 23 to September 30, 2023, is set to make waves in the insurance sector. The plan’s Unique Identification Number (UIN) is 512N362V01.
A Holistic Approach to Financial Security
LIC’s Dhan Vriddhi, categorized as a Non-Linked, Non-Participating, Individual, Savings, Single Premium Life Insurance plan, offers policyholders a holistic solution combining protection and savings. The plan provides invaluable financial support to the policyholder’s family in the unfortunate event of the life assured’s demise within the policy term. Additionally, it ensures the maturity date brings a guaranteed lump sum payout to the life assured, effectively offering a dual advantage.
Key Features and Flexibility