LIC Jeevan Vriddhi

LIC Jeevan Vriddhi (Plan No.808) is a single premium investment plan which offers guaranteed returns. Jeevan Vriddhi is a traditional plan so share market risk is not involved in this close-ended plan. The plan is launched on 1st March 2012 and will be available for investment till 120 days only after which the plan will no longer be available for subscription.

LIC Jeevan Vriddhi at Glance:

  • Excellent Guaranteed Returns at Maturity
  • An ideal combination of Insurance and Returns.
  • Life Cover – Five times the Premium.
  • Loyalty Addition, if any payable on maturity.
  • Easy Liquidity.

Features:

  • Single-Premium non-linked close-ended plan.
  • Maturity Benefit: Guaranteed Maturity Sum Assured and Loyalty Addition, if any.
  • Death Benefit: Basic Sum Assured

LIC Jeevan Vriddhi Eligibility Conditions and Restrictions:

  • Age at entry: 8 years to 50 years
  • Policy Term: 10 years
  • Premium Mode: Single
  • Premium Minimum: Rs.30000/-
  • Sum Assured: Rs.1,50,000/- to No max limit.

Benefits of Jeevan Vriddhi Policy:

  • Maturity Benefit: Guaranteed Maturity Sum Assured Plus Loyalty Addition if any.
  • Death Benefit * Basic Sum Assured (BSA)
  • BSA = 5 times single premium excluding extra premium if any.
  • Guaranteed Maturity: You will get Guaranteed Sum Assured.
  • Loyalty Addition: Loyalty Addition, if any, shall be payable at the rate as declared by the LIC.
  • Liquidity: Loan Facility Available after completion of one year.

Example: 25 Years old Ramesh Invests 1 lac, after 10 years if he survives, he will get Rs.195000. In case of any unfortunate event, his nominee will receive 5x of his premium.

This is the single premium LIC plan, where you can park your idle or unused money. Since this is a single premium plan you can just invest it and relax. On your maturity date, you will get your Basic Sum Assured which is 5 times your premium amount plus an additional loyalty bonus which is variable. This is the close-ended plan so take your decision now before the policy subscription period ends.

Also Read  Profit Plus

Update: LIC Jeevan Vriddhi Plan No. 808 Has Been Discontinued.


  1. What is the best LICI Policy for single prem?

  2. Mr. Deoraj Jaiswal March 11, 2012 at 11:02 pm

    in bima bachat policy of LIC what will be the amountn in 9 years if i deposit Rs.100000 and what are the returns in:
    3 years
    6 years

  3. If i invest Rs.100000 as a single premium in LIC JIVAN VRIDHI POLICY what amount i will get after maturity (10 years)?

  4. Good policy for middle class family also.

  5. What is the surrender value amount against Rs.30,000/- after the end of 5 years ?

  6. SAROJ KSHETRAPAL March 5, 2012 at 4:48 pm

    I want to take jeeven vridhi policy for sum insured Rs 50000/- . What amount I will get at the time of maturity . Policy period is 10 years.

  7. THIS PLAN IS LIMITED AND LOOKS LIKES ATTRACTIVE, I WOULD LIKE TO KNOW IF I INVEST MINIMUM OR MULTIPLES WHAT WILL BE THE THE ASSURED MATURITY AMOUNT.

  8. whether housewives are eligible under the scheme jeevan vriddhi

  9. DR.SAUMYAJIT DATTA March 4, 2012 at 3:58 pm

    CAN ONE PERSON MAY DO SEVERAL LIC JIVAN VRIDDHI POLICIES?

  10. details of LIC Jeevan Vriddhi with Guaranteed return

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