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PLAN FEATURES
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Minimum Age
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90 days (Completed)
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Maximum Age
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60 Years (Nearest Birthday)
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Maximum Maturity Age
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75 years (nearest birthday)
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Plan Term
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20,30,40 years
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Premium Term
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10,15,20 years
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Yearly, Half yearly, Quarterly or Monthly
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Minimum Sum Assured
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2,00,000 - Basic Sum Assured shall be in multiples of
Rs.25000/-
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Maximum Sum Assured
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No Limit
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Rider Available
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Accidental Death &Disability / Accidental Death, Term
Rider, Critical Illness Rider, Premium Waiver Benefit
Rider
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Survival Benefit as a percentage of Basic Sum
Assured shall be payable during policy term.
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Policy Surrender
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The policy can be surrendered at any time during the policy term under single premium policy and under
Limited Premium policy can be surrender after at least 2 full years premium have been paid.
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Loan On Policy
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Loan Available after 2 years premium payments.
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Tax Benefit
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Survival Benefit as a percentage of Basic Sum
Assured shall be payable during policy term.From 21st to 30 Policy year of Rs.55 per thousand
Basic Sum Assured
From 31st to 40 Policy year of Rs.60 per thousand
Basic Sum Assured)
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Higher of 125 % of Sum Assured or 7 times of
annualized premium+ Guanranteed Additions
Life assured below 8 years age - life cover will start,
on completion of 2 policy years OR 8 years of age -
whichever is earlier.
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Why investing in LIC DHAN REKHA ?
A savings insurance policy that is offered by the Life Insurance Corporation (LIC) of India is Dhan Rekha. The policy comes with unique features and several benefits. Any benefits that are availed under the policy are completely guaranteed. The process to purchase the Dhan Rekha policy is simple and can be completed both online and offline.
Why Should buy New DHAN REKHA ?
Features of LIC’s Dhan Rekha
You get guaranteed additions tthe original sum assured from the 6th policy year.
There is flexibility tchoose your own policy term and premium payment term.
You can choose treceive the death and maturity benefit in installments instead of a lump sum amount.
There are special discounts on premiums if your purchase online. You will alsget discounts on a sum assured of Rs. 5 Lakhs and above.
You can alsavail of loans with the Dhan Rekha policy. It is subject ta certain limit based on the surrender value of policy.
LIC’s Dhan Rekha Plan Benefits
Death Benefit
If the life assured dies during the policy term, his/her nominee will receive the sum assured on death. Along with this, the guaranteed additions that have accrued till the time of death will alsbe paid.
(a) Death benefit with single premium payment mode
Dependents shall be entitled t125% of the basic sum assured along with guaranteed additions.
(b) Death benefit with limited premium payment mode
Sum assured on death will be equal t7 times the annual premium or 125% of the basic sum assured, whichever is higher.
Survival Benefit
The life assured on surviving specific policy years will receive a fixed percentage of the basic sum assured on those years.
Maturity Benefit
If the life assured survives the entire duration of the LIC’s Dhan Rekha cover, (s)he will get a maturity benefit. It is equal tthe sum assured on maturity (which is the basic sum assured) along with guaranteed additions.
Guaranteed Additions
Guaranteed additions are the extra sums added tthe original death and maturity benefit amount. With LIC Dhan Rekha –
These are added tthe sum assured every year.
It starts from the 6th policy year and continues till the end of the policy tenure.
The additions are defined at a rate per 1000 basic sum assured. The rate of addition increases as the duration of the policy increases.
The table below highlights the rates of additions put forth by LIC.
Tax Benefits
The premium amount and the benefit amounts are applicable for tax exemptions under Sections 10(10D) and 80C of the Income Tax Act, 1961. For further information on income tax savings, it is advisable reach out ta financial advisor or a tax specialist.