The Dhan Rekha insurance policy from the Life Insurance Corporation of India offers a money-back guarantee. It provides policyholders with a fixed payment at regular periods until they reach retirement age or the insurance matures. You can count on assured returns on the sum provided by this plan. The LIC Dhan Rekha plan also offers several other advantages, which we will go through in this post.
LIC Dhan Rekha Plan 863
One of the top single premium payment and limited premium insurance plans provided by LIC is the Dhan Rekha 863. This limited, one-premium-paying insurance policy, which is accessible to all individuals between the ages of 90 days and 60 years, guarantees benefits for the policyholders and their designated beneficiaries at death and upon maturity. It is offered with a single premium payment and limited premium payment terms of 10 years, 15 years, and 20 years.
Additionally, LIC Dhan Rekha offers liquidity through a loan facility. In a news statement dated December 13, LIC stated that “The product has many advantages and distinctive qualities. For females, there are particular premium rates. Third Gender is permitted to use the scheme. The plan’s benefits are all guaranteed.”
LIC Dhan Rekha Plan Premium Chart
| Policy Term | Cash Flow | |
| Outflow | Inflow | |
| 1st to 15th Year | -73342 | |
| 16 | 150000 | |
| 17 | 0 | |
| 18 | 0 | |
| 19 | 0 | |
| 20 | 0 | |
| 21 | 150000 | |
| 22 | 0 | |
| 23 | 0 | |
| 24 | 0 | |
| 25 | 0 | |
| 26 | 150000 | |
| 27 | 0 | |
| 28 | 0 | |
| 29 | 0 | |
| 30 | 0 | |
| 31 | 2300000 | |
Explanation: From the first to the fifteenth year, you begin to pay the premium. 15% of the Sum Assured will be paid to you by LIC at the end of the 15th year (beginning of the 16th), 20th year, and 25th year. The LIC will pay you the full sum assured, or Rs. 10 lacks, after the conclusion of the 30th year (starting with the 31st year), and GA as Rs. 50 from the 6th to the 20th year (Rs. 7,50,000=Rs. 50,000*15) and Rs. 55 from the 21st to the 30th year (Rs. 5,50,000=Rs. 55,000*10). So, when the 30 years are up, you would receive Rs. 23,00,000 in total. The returns on this standard plan are often equal to less than 5%.
LIC Dhan Rekha Plan Calculator
Using some variables, the Dhan Rekha LIC Calculator allows you to calculate the maturity benefit amount. Additionally, the premium amount is shown concerning your desired sum assured. According to the Guaranteed Additions, which are Rs. 50 for policy years 6 to 20; Rs. 55 for policy years 21 to 30; and Rs. 60 for policy years 31 to 40, the maturity amount and risk coverage amounts are determined.
“The amount you receive after the insurance term if you live the entire duration is known as the maturity benefit. Knowing this number will enable you to assess whether the LIC Dhan Rekha plan is affordable for you and whether the premiums are worth it.”
The calculator calculates a figure based on the information you enter using the variables listed below. Each user so receives a customized estimate based on their requirements.
Variables for LIC Dhan Rekha Maturity Calculator:
- Age
- Policy term
- Sum assured
- Premium paying term
- Type of premium payment
A 125% payment will be made to the nominee in the event of the policyholder’s death. The price of the Guaranteed Edition is additionally covered. If you chose a plan with a 10 lakh payment insured over 30 years, for example, you would only have to pay premiums for 15 years. A daily premium of Rs. 200 or a yearly premium of Rs. 73,300,42 must be paid for this. In this way, you’ll pay Rs. 11 lahks over 15 years and receive Rs. 27.5 lakh when the loan matures.
LIC Dhan Rekha: Eligibility Criteria
| Policy Term | 20 Years | 30 Years | 40 Years |
| Minimum Entry Age | 8 Years | 3 Years | 90 Days |
| Maximum Entry Age (Single Premium) | 60 Years | 50 Years | 40 Years |
| Maximum Entry Age (Limited Premium) | 55 Years | 45 Years | 35 Years |
| Minimum Maturity Age | 28 Years | 33 Years | 40 Years |
| Maximum Maturity Age | For Single Premium: 80 Years For Limited Premium: 65 & 75 Years | ||
| Sum Assured | INR 2 Lakh (Minimum) | ||
| Premium Paying Term | 10 years | 15 years | 20 years |
LIC Dhan Rekha Features & Benefits
The LIC Dhan Rekha insurance plan has various advantages and special features. All benefits received under the policy are fully guaranteed. The following are the perks offered under the LIC Dhan Rekha plan:
Death Benefit: If the client dies within the policy period following the start date, the death benefits under the LIC Dhan Rekha plan will be payable. In this instance, they will be eligible for the “Sum Assured on Death” and Receivable Assured Bonuses. The “Sum Assured on Death” that the policyholder will get for a single premium payment is equal to 125% of the basic sum assured. The “Sum Assured on Death” for a limited premium payment, however, is 125% of the basic sum assured or seven times the yearly premium.
Survival Benefit: –
A specified portion of the basic sum insured on such years will be paid to the policyholder upon the survival of particular policy years. Here are the survival benefits you’ll receive:
| Policy Terms (In Years) | Survival Benefits |
| 20 | After the 10th and 15th policy years, 10% of the Basic Sum Assured is guaranteed. |
| 30 | After the 15th, 20th, and 25th policy years, 15% of the Basic Sum Assured will be paid. |
| 40 | After the 20th, 25th, 30th, and 35th policy years, 20% of the Basic Sum Assured will be paid. |
Guaranteed Additions:-
If the insurance policy is active and the premiums are paid on time, Policyholder will receive guaranteed additions. These will add up after the policy year beginning with the sixth policy year and continuing until the end of the policy period.
| Duration of Policy | Guaranteed Addition per Year |
| 6th to 20th policy year | Rs.50 |
| 21st to 30th policy year | Rs.55 |
| 31st to 40th policy year | Rs.60 |
Maturity Benefit: The “Sum Assured on Maturity” and any Accrued Guaranteed Additions will be paid if the policyholder lives past the specified date of maturity while the policy is still in effect.
Free-look Period: The policyholder gets 15 days from the date of receipt of the policy bond to evaluate the conditions of the life insurance policy and return it if they are not pleased. For LIC Dhan Rekha online purchases, the free look period is 30 days.
Suicide Exclusion: The beneficiary is eligible to receive up to 80% of the total premiums paid if the policyholder commits suicide within the first 12 months of the policy.
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