LIC’s Dhan Rekha

LIC’s Dhan Rekha

Overview: LIC’s Dhan Rekha is a non-linked, non-participating, individual savings life insurance plan that offers an attractive combination of protection and savings. It provides financial support for the family in case of unfortunate death of the policyholder during the policy term along with periodic payments on survival.

Key Features:

• Plan Type: Non-linked, non-participating, individual savings life insurance plan.
• Policy Term: 20, 30, or 40 years.
• Premium Payment Term: 10, 15, or 20 years based on the policy term.
• Entry Age: Minimum 90 days; Maximum 60 years.

Benefits:

1. Death Benefit: Sum Assured on Death along with Accrued Guaranteed Additions.
2. Survival Benefit: Periodic payments on survival of the policyholder at specified durations during the policy term.
3. Maturity Benefit: Basic Sum Assured along with Accrued Guaranteed Additions.
4. Guaranteed Additions: Accrue from the 6th Policy Year to the end of the Policy Term. The rate of Guaranteed Additions increases in steps with the duration of the policy.

Eligibility:

• Minimum Basic Sum Assured: ₹2,00,000.
• Policy Terms: 20, 30, and 40 years.
• Premium Paying Term: 10, 15, and 20 years based on the policy term.

Riders:

• LIC’s Accidental Death and Disability Benefit Rider.
• LIC’s Accident Benefit Rider.
• LIC’s New Term Assurance Rider.
• LIC’s New Critical Illness Benefit Rider.
• LIC’s Premium Waiver Benefit Rider.