LIC's Dhan Rekha Plan

Dhan Rekha is a non-linked, non-participating, individual savings life insurance plan offered by the state-owned Life Insurance Corporation of India (LIC). The plan is one-of-a-kind. Female lives have particular premium rates, and the plan is available to the third gender.

According to the insurer, Dhan Rekha pays a percentage of the base sum assured as a survival benefit at regular intervals beginning with the end of the premium-paying term, as long as the insurance remains in existence.

Without subtracting the money-back amount and cumulative guaranteed additions, the policyholder will get the entire sum insured.

From the sixth policy year through the conclusion of the policy term, guaranteed additions will accrue at the end of each policy year.

For single premium death, the sum promised is 125 percent of the base sum assured plus guaranteed increases. This insurance offers financial assistance to the policyholder's family in the event of the policyholder's untimely death during the policy's term.

At maturity, the policyholder receives the whole sum promised, less the money back amount received and accumulated guaranteed additions. This plan assists the policyholder's family financially in the case of the policyholder's untimely death during the policy's term.

There is an option to receive Maturity and Death Benefits in five-year payments rather than in one lump amount. Payment options of 10 years, 15 years, or 20 years are available for the premium.

For restricted payment premiums, the death benefit is equal to 125 percent of the basic benefit or seven times the Annualized Premium, whichever is greater, but not less than 105 percent of all premiums paid up to the date of death, including Guaranteed Additions.

The plan is available through agents/intermediaries such as POSPLI/Common Public Service Centres (CPSC-SPV) and the website www.licindia.in.

The lowest sum promised under the Dhan Rekha plan is Rs 2 lakh, while the maximum value assured is unlimited. Additionally, the minimum age of entrance varies from 90 days to eight years, depending on the policy term selected. The maximum age of entrance varies between 35 and 55 years, depending on the insurance term selected.