The LIC Dhan Rekha Plan-863 Policy is a unique life insurance plan that combines life cover with regular payouts and savings growth. This plan by the Life Insurance Corporation of India (LIC) is designed to provide financial security while helping you accumulate wealth over time.
With guaranteed survival benefits, a flexible premium payment structure, and a large maturity benefit, LIC Dhan Rekha is an attractive option for those who want the peace of mind of life coverage alongside the advantages of regular payouts.
What is LIC Dhan Rekha Policy?
LIC Dhan Rekha Plan-863 is a non-linked, non-participating life insurance savings plan. This means that the policy is not affected by stock market changes, providing predictable, stable benefits. Dhan Rekha offers regular survival benefits to help support your financial needs and provides a lump-sum maturity benefit, making it a well-rounded financial plan. In addition to life cover, this policy is structured to deliver regular cash flows, which can act as supplementary income during the policy term.
Key Features of LIC Dhan Rekha Plan-863 Policy
- Guaranteed Survival Benefits: LIC Dhan Rekha Plan-863 provides periodic payouts throughout the policy term to cover ongoing expenses or help with financial goals.
- Flexible Premium Payment Options: You can choose from different premium payment terms based on your needs, making the policy adaptable to various financial situations.
- Life Cover Protection: The policy provides life cover throughout the term, ensuring your family’s financial security in case of an unforeseen event.
- Maturity Benefit: At the end of the policy term, you receive the sum assured along with all survival benefits, creating a significant payout.
- Loan Facility: The policy allows for a loan against it once it acquires a surrender value, providing financial flexibility when needed.
Why Choose LIC Dhan Rekha?
- Regular Payouts: The Dhan Rekha policy provides regular payouts throughout the policy term, offering cash flow support to meet financial needs.
- Financial Security with Life Cover: In case of any unfortunate events, this policy provides a death benefit to your nominee, helping to secure their financial future.
- Customizable Payment Modes: With flexible premium payment terms, you can align the policy’s structure with your financial situation.
- Reliable Maturity Payout: The maturity benefit includes the sum assured along with accumulated survival benefits, giving you a substantial lump sum at the end of the policy term.
Eligibility for LIC Dhan Rekha Plan-863 Policy
| Feature | Details |
|---|---|
| Minimum Entry Age | 90 days |
| Maximum Entry Age | 55 years |
| Policy Term | 20, 30, or 40 years |
| Minimum Sum Assured | ₹2,00,000 |
| Premium Payment Modes | Annual, Half-yearly, Quarterly, Monthly |
Benefits of LIC Dhan Rekha Plan-863 Policy
LIC Dhan Rekha Policy offers a variety of benefits to support both life cover and financial growth:
- Survival Benefits: The policy offers regular payouts at specific intervals, giving you access to funds during the policy term to meet any financial requirements.
- Death Benefit: In case of the policyholder’s unfortunate passing, the policy provides a death benefit to the nominee, ensuring that they are financially supported.
- Maturity Benefit: If you survive the policy term, you’ll receive the sum assured along with all accumulated survival benefits, resulting in a significant payout for your savings.
- Loan Facility: After the policy acquires a surrender value, you can take a loan against it, providing added financial flexibility.
- Tax Benefits: Premium payments qualify for tax deductions under Section 80C, and the maturity payout is tax-free under Section 10(10D), making this policy a tax-efficient savings tool.
How to Apply for LIC Dhan Rekha?
Applying for LIC Dhan Rekha is easy. You can visit your nearest LIC branch, consult an LIC agent, or apply online through the LIC official website. Be sure to review all eligibility requirements, required documents, and policy details before applying.
FAQs
1. What are the survival benefits under LIC Dhan Rekha?
- LIC Dhan Rekha provides periodic survival benefits, which are regular payouts given at specific intervals during the policy term to support ongoing financial needs.
2. Can I take a loan against the LIC Dhan Rekha Policy?
- Yes, once the policy acquires a surrender value, you can take a loan against it, offering financial flexibility when you need it.
3. What happens if I survive the entire policy term?
- Upon maturity, you’ll receive the sum assured plus any accumulated survival benefits, creating a substantial maturity payout for your savings.
4. Does LIC Dhan Rekha offer any tax benefits?
- Yes, premiums are tax-deductible under Section 80C, and maturity benefits are tax-free under Section 10(10D), making it a tax-efficient savings option.
5. Who is eligible for the LIC Dhan Rekha Policy?
- Individuals from 90 days to 55 years of age can purchase this policy, making it suitable for a wide range of people looking for life cover with regular payouts.
Conclusion
LIC Dhan Rekha Plan-863 is a well-rounded life insurance plan that provides reliable financial support through regular payouts, life cover, and a significant maturity benefit.
With its flexible premium payment options, periodic survival benefits, and life cover, LIC Dhan Rekha is a smart choice for those looking to secure their financial future while building wealth. Whether you’re saving for a big financial goal or want life coverage with guaranteed returns, LIC Dhan Rekha can help you meet your needs with peace of mind.
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