LIC Dhan Rekha Yojana With security, the return is also more, you will get double the benefit, know the details: LIC (Life Insurance Corporation) keeps on introducing new schemes from time to time. One such plan is – LIC Dhan Rekha Policy. This policy was launched in December 2021. Let us talk in detail about the information related to this policy.
LIC Dhan Rekha Yojana
The common Indian wants security as well as return on his hard earned money. LIC is one of such finance companies which also guarantees the security of your investment and is also good in terms of returns. LIC keeps on introducing new plans from time to time. One such plan is – LIC Money Line Policy. This policy was launched in December 2021.
Two types of premium payment options have been given in this policy (LIC Dhan Rekha Policy). In this, you can opt for single and limited premium payment. According to LIC, special premium rates have been kept for women in this policy. Apart from this, provision has also been made for third gender. Let us talk in detail about the information related to this policy.
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Policy benefits
If the policyholder (LIC Dhan Rekha Policy) dies during the policy term, then his family is provided with financial assistance under the Dhan Rekha plan. There is also a provision to pay a certain portion of the Sum Assured as ‘Survival’ benefit at regular intervals during the policy term. But the condition is that the policy (Life Insurance Corporation) should be in running condition.
The policyholder is paid a guaranteed lump sum on completion of the policy i.e. on maturity, if he is alive. On maturity of the policy, the policyholder will be given the full sum assured without deducting the amount already received.
LIC Dhan Rekha Yojana Benefits
Death benefit can be taken either in lump sum or in installments for up to 5 years. These installments can be taken on monthly, quarterly, half-yearly or yearly basis. The minimum installment is Rs.5000 on monthly basis, Rs.15000 on quarterly basis, Rs.25000 on half yearly basis and Rs.50000 on yearly basis.
Dhan Rekha Policy (LIC Dhan Rekha Policy) is a money back plan. In this, apart from money back, you also get a guaranteed bonus at the end. The minimum sum assured under this plan is Rs 2,00,000. There is no maximum limit for this. According to the rules, this plan (Life Insurance Corporation) can be taken in the name of a child from 90 days to 8 years of age. Similarly, the elderly of 35 years to 55 years can also take advantage of this.