LIC Dhan Rekha Plan

LIC Dhan Rekha Plan : – Life Insurance Corporation of India (LIC) often introduces new policies which offer adequate benefits in the current one. While it is well known that LIC investments are the safest, we will now discuss LIC policies in which you can invest for your benefit.

The name of this new lic policy is Dhanrekha policy. This is one of LIC’s better plans. You can receive guaranteed returns on the promised amount under this plan. Apart from this, there are many other benefits of this Dhan Rekha plan, so today we will give you complete information about them.

A non-participating, non-linked, individual savings life insurance policy from LIC, Dhan Rekha offers an attractive mix of protection and savings. This money line LIC policy provides financial support to the family of the policyholder in the event of untimely death of the policyholder during the policy term.

Regular premiums will also be provided on the survival of the customer at specified intervals during the entire policy term, and an assured lump sum payment will be paid to the surviving customer on completion of the policy. Through the borrowing facility, this proposal also addresses the issue of liquidity.

LIC Dhan Rekha Plan Features

LIC Dhan Line provides many facilities to the policyholders. Here’s a list of some key features:

Non-Linked and Non-Participating: This is an individual, non-linked, non-participating, savings and money-back plan.
Limited Premium Payment: This plan comes with a single premium option and limited premium payment plans (to be paid for half of the policy term, either annually, half-yearly, quarterly or monthly).
Loan facility: This plan provides loan facility to meet the liquidity needs.
Various Riders: The plan comes with riders, however, an additional fee is required.
Payment of Premium: You have the freedom to choose your premium payment and policy term. The premium can be paid on an annual, half-yearly, quarterly or monthly basis or through salary deduction.
Grace Period: From the date of first unpaid premium, a grace period of 30 days will be allowed for annual, half-yearly, or quarterly premiums and 15 days for monthly payments.
Surrender: The policy can be surrendered at any time during the policy term by the policyholder if it is paid with a single premium. The policyholder can surrender the policy at any time during the entire policy term if full two years of premiums have been paid under Limited Premium Payment.
Free Look Up Period: If the policyholder is dissatisfied with the “Terms and Conditions” of the policy, return the policy to the company citing reasons for return within 15 days of receiving the policy bond (30 days in case of online transactions). It can be done.
Additional Discounts: Additional discounts are available for online purchases of premiums. You will also get a rebate if your promised amount is Rs 5 lakh or more.
Guaranteed Increase: You are entitled to a guaranteed increase in the Initial Sum Assured from the sixth policy year onwards.
Instead of receiving the death and maturity benefits in a lump sum payment, you can choose to do it in monthly installments.

Who should take LIC Dhan Rekha plan?

The following is a list of requirements that must be met in order to obtain a money line policy:

The entry level minimum age ranges from 90 days to 8 years. The minimum age varies as per the policy term selected.
The maximum age at entry can be between 35 and 55. The maximum age varies as per the insurance term selected.
The promised payment must be a minimum of Rs 2 lakh.
There is no limit on the amount guaranteed.

Benefits & Discounts for Women

Under this system, preferential treatment is given to women. With this non-linked, personal savings life insurance policy, you can choose from two different premium options. Only single and multiple premium options are available (LIC Dhan Rekha Policy Premium). In this system women will have to pay a nominal premium. The unique feature of this insurance is that you will receive a portion of the money after a few days.

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