LIC’s Dhan Rekha is out there with cost of Single Premium and Limited Premium Payment phrases of 10 years, 15 years and 20 years. (Representative picture))
LIC Dhan Rekha: This plan additionally takes care of liquidity wants by means of mortgage amenities.
LIC is the biggest insurance coverage firm in India. LIC provides numerous insurance coverage insurance policies to cater to totally different wants and necessities of people, together with time period insurance coverage, endowment plans, money-back insurance policies, entire life plans, and unit-linked insurance coverage (ULIPs). It additionally gives specialised plans equivalent to youngster plans, retirement plans, and group insurance coverage schemes. Today, this text brings to you particulars about LIC’s Dhan Rekha coverage.
LIC Dhan Rekha is a non-linked, non-participating, particular person, financial savings, life insurance coverage plan which provides a mixture of safety and financial savings. This plan gives monetary help for the household in case of unlucky dying of the policyholder through the coverage time period.
Periodic funds will also be made on survival of the policyholder at specified durations through the coverage time period and assured lump sum funds to the surviving policyholder on the time of maturity. This plan additionally takes care of liquidity wants by means of mortgage amenities.
It should be famous that traders ought to learn all of the scheme associated doc from the official web site of LIC and search professional recommendation for a transparent and full understanding of the coverage.
LIC’s Dhan Rekha is out there with cost of Single Premium and Limited Premium Payment phrases of 10 years, 15 years and 20 years. Along with this, particular premium charges have been fastened for ladies on this coverage. If these insurance policies are taken within the title of girls, then the premium charges are much less.
Under this plan, Survival Benefit as a proportion of Basic Sum Assured is payable through the Policy Term at common intervals ranging from the center of the Policy Term.
Death Benefit
- Death Benefit payable on dying through the coverage time period after the date of graduation of threat shall be “Sum Assured on Death” together with Accrued Guaranteed Additions; the place
–For Single Premium, “Sum Assured on Death” is outlined as 125% of Basic Sum Assured.
–For Limited Premium, “Sum Assured on Death” is outlined as the upper of 125% of Basic Sum Assured or 7 instances of annualised premium
This dying profit beneath Limited Premium shall not be lower than 105% of all of the premiums paid upto the date of dying.
Maturity Benefit
On the life assured surviving to the tip of the coverage time period, “Sum Assured on Maturity” with accrued Guaranteed Additions, shall be payable, the place “Sum Assured on Maturity” is the same as Basic Sum Assured.
Survival Benefit
On the Life Assured surviving to the tip of every of the required durations, a proportion of the Basic Sum Assured as detailed under shall be payable:
| Policy Term (in years) | Payment of Survival Benefit |
| 20 | 10% of the Basic Sum Assured on the finish of every of tenth and fifteenth coverage yr. |
| 30 | 15% of the Basic Sum Assured on the finish of every of fifteenth, twentieth and twenty fifth coverage yr. |
| 40 | 20% of the Basic Sum Assured on the finish of every of twentieth, twenty fifth, thirtieth and thirty fifth coverage yr. |
Guaranteed Additions
Provided the coverage is inforce by cost of due premiums, the Guaranteed Additions shall accrue from the sixth Policy Year to the tip of the Policy Term.
Loan:
- Under Single Premium cost, mortgage shall be out there at any time through the coverage time period after three months from completion of the coverage.
- Under Limited Premium cost, mortgage shall be out there after a minimum of two full years premiums have been paid.
How To Buy The Policy?
This plan might be bought Offline by means of agent /different intermediaries in addition to Online immediately by means of web site www.licindia.in.
LIC is a state-owned insurance coverage group and funding company that gives a variety of insurance coverage services and products to people and organisations. LIC gives life insurance coverage, medical health insurance, pension plans, investment-linked plans, and different monetary providers.
