A life insurance plan offered by lic dhan rekha plan 863offers an alluring mix of savings and protection. A non-linked, pseudo-participating money-back plan for personal savings is the LIC Dhan Rekha Plan 863. Additionally, the Dhan Rekha LIC plan provides financial support to the policyholder’s family in the event of the pre mature death of policy holder.
In the unlikely scenario of the policyholder’s premature passing during the policy term, the lic dhan rekha plan 863 policy offers financial support to cherished ones. However, payments will be made on a regular basis with an ensured lump sum payout at maturity in order to guarantee the policyholder’s survival.
Eligibility of lic dhan rekha plan
| Tenure of Policy | 20 Years | 30 Years | 40 Years |
| Payment of premiums | 10 years/Single Premium | 15 Years/Single Premium | 20 Years/Single Premium |
| Minimum entry age | 8 Years completed | 3 Years completed | 90 days completed |
| Maximum entry age for Single Premium | 60 Years | 50 Years | 40 Years |
| Maximum entry age for for Limited Premium | 55 Years | 45 Years | 35 Years |
| Minimum maturity age | 28 years | 33 years | 40 years |
| Maximum maturity age | Single Premium – 80 Years Limited Premium-75 Years |
What are the Benefits of lic dhan rekha plan?
There are various benefits of LIC dhan Rekha plan as listed below:
- Mature Advantages
At maturity, the Dhan Rekha LIC plan’s total insured amount is paid to the policyholder. The accumulated guaranteed amount is reimbursed in addition to the sum assured.
- Funeral Benefits
If the policyholder dies in between of the LIC Dhan Rekha plan, a death benefit amount is payable. The sum assured on death, with the cumulative ensured additions, is the sum assured paid following the risk commencement date.
- Survival Advantages
A predetermined portion of the basic sum promised is payable if the policyholder lives through each of the chosen tenures while the Dhan Rekha LIC plan is in effect and the plan is operational.
- Certain Additions
By covering the premium in full, the additions are due. after the end of the sixth policy year until the conclusion of the Dhan Rekha LIC plan term, the assured additions are accumulated.
Conclusion
Before buying the Dhan Rekha LIC plan, you should carefully consider the following main features and advantages. A great investment plan that offers good returns with little risk is the Dhan Rekha LIC plan. Profits from each investment, however, cannot be guaranteed and depend on a number of additional variables, such as the state of the stock market, etc., not like the LIC Jeevan Arogya plan 904.
Frequently asked questions
- What exactly is lic dhan rekha plan 863?
The Dhan Rekha plan 863, details from the LIC, is an endowment plan that provides both savings and life insurance benefits. The LIC Dhan Rekha policy reimburses a lump sum to the beneficiary chosen as the death benefit in the case of the policyholder’s premature passing during the policy term.
- What are the guaranteed additions to the lic dhan rekha plan 863 clauses?
You will receive guaranteed increases to the initial sum provided starting with your sixth policy year. The LIC Dhan Rekha policy allows you to customize the insurance term and payment of premiums schedule.
- What prerequisites must be met in order to purchase the lic dhan rekha plan 863?
The minimum and maximum ages to enroll in this plan are 18 and 55, respectively. The minimum amount guranteed under this plan is Rs. 1 lakh, and no upper cap is there. With payments for premiums made yearly, semi-annually, quarterly, or monthly, the LIC Dhan Rekha policy’s duration ranges from 10 to 25 years.
