top of page

LIC's Dhan Rekha Plan

jaspreet1991

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.

Comments


Connect with us

  • Instagram
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube

Incubated at MNIT Innovation and Incubation Centre

ww1.png
ww30.png

We are recognized by DPIIT as a startup.

Startup-India-creates-5-5-lakh-jobs-and-recognises-50000-startups-in-5-years.png
857-8570158_make-in-india-programme-make-in-india-logo.png

Disclaimer

The contents of this document are meant merely for information purposes. The information contained herein is subject to updation, completion, revision, verification and amendment and the same may change materially. The information provided herein is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would (by reason of that person‘s nationality, residence or otherwise) be contrary to law or regulation or would subject Myrupaya.in or its owners/affiliates to any licensing or registration requirements. This document is not an offer, invitation or solicitation of any kind to buy or sell any security and is not intended to create any rights or obligations. Nothing in this document is intended to constitute legal, tax, securities or investment advice, or opinion regarding the appropriateness of any investment, or a solicitation for any product or service. Please obtain professional legal, tax and other investment advice before making any investment. Any investment decisions that may be made by you shall be at your sole discretion, independent analysis and at your own evaluation of the risks involved. The use of any information set out in this document is entirely at the recipient's own risk. The information set out in this document has been prepared by us based upon projections which have been determined in good faith by Myrupaya.in its administrators and from sources deemed reliable. There can be no assurance that such projections will prove to be accurate. Myrupaya.in does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this document. The information set out in this document has been prepared based upon projections which have been determined in good faith and sources considered reliable by Myrupaya.in. In preparing this document we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us or which was otherwise reviewed by us. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited.

bottom of page