The specialty of this plan is that now you get a sum assured of 125 percent. Apart from this, two types of premium deposit option is given in this. You have the option of paying single and limited premium in this.
Life Insurance Corporation of India (LIC) has come up with such a plan in the market, which gives you 100% maturity with money back. LIC has launched this plan called Dhan Rekha. The specialty of this plan is that now you get a sum assured of 125 percent. Apart from this, two types of premium deposit option is given in this. You have the option of paying single and limited premium in this. This money back is not linked to the share market, hence the risk is also less.
LIC Dhan Rekha Policy
LIC Dhan Rekha Policy has been launched on 13th December 2021. Its plan number will be 863. This plan can be beneficial for today, because such a plan was not being given by LIC till now. LIC Dhan Rekha Policy is a money back plan, which is a non-linked money back policy and in addition to money back, there is also a guaranteed addition bonus at the end. In this, the minimum sum insured is 2 lakhs and you can take the maximum amount.
Policy term
LIC Dhan Rekha Policy is brought to you with three different terms. It has been introduced with 20 years, 30 years and 40 years terms. From this, you can choose any one term. Under this, you also have to pay premium. If you choose a term of 20 years, you will have to pay premium for 10 years. If you opt for a term of 30 years, you will have to pay premium for 15 years and if you opt for a term of 40 years, you will have to pay premium for 20 years. Apart from this, you can also pay premium by paying a single premium. Women have to pay premium at special rates.
When and how to get money back
You will get 2 times money back on the term of 20 years and it will be 10 percent of the sum assured, which gives money back after completing 10 years and 15 years in the term of 20 years. This money will be 20 percent of your sum insured. Similarly, on the term of 30 years, you will get 3 times money back, which will be 15 percent of the Sum Assured, which will be given at 15, 20 and 25 years. Apart from this, you will get 4 times money back on 40 years term which will be given at the end of 20 years, 25 years, 30 years and 35 years.
Maturity and Death Benefit
If someone dies within the term, 125% of the sum assured along with bonus is given to the nominee. At the same time, after the completion of maturity, the insured is given with 100% money back. In this, money back is not added to the maturity of 100%.
Who can take the policy
The maximum age under this policy is 55 years and the minimum age is 90 days at 40 years. The maximum age given is 45 years and minimum 2 years on 30 year term. At the same time, the maximum age has been given 35 years and minimum 3 years on the 20 year term. Any Indian person coming under it can take the policy.
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