LIC Policy – Invest 209 Rs And Earn 23 Lakh Rs – LIC Dhan Rekha Policy 2023 – Best Investment Plan 2023
LIC Dhan Rekha
LIC Dhan Rekha Policy is a term insurance policy offered by the Life Insurance Corporation of India (LIC). It provides financial security to the family of the policyholder in case of his or her untimely demise during the policy term. This policy offers a high sum assured at an affordable premium rate, making it an attractive option for those seeking adequate life coverage. The policy term ranges from 5 to 20 years, and the premium payment frequency can be annual, half-yearly, quarterly, or monthly. The policy also provides tax benefits under section 80C of the Income Tax Act, making it a popular investment option among taxpayers.
Eligibility of LIC Dhan Rekha Policy
To be eligible for LIC Dhan Rekha Policy, the policyholder must fulfill the following criteria:
- Age: The minimum age at entry for this policy is 18 years, while the maximum age at entry is 60 years.
- Policy term: The policy term for this policy ranges from 5 years to 20 years.
- Sum assured: The minimum sum assured for this policy is Rs. 1 lakh, while there is no maximum limit.
- Premium payment: The premium payment frequency can be annual, half-yearly, quarterly, or monthly.
- Medical examination: Depending on the age and sum assured, the policyholder may be required to undergo a medical examination.
It’s important to note that eligibility criteria may vary based on the specific terms and conditions of the policy, and applicants are advised to carefully read the policy document and consult with a LIC agent or representative to ensure they meet the eligibility requirements.
LIC Dhan Rekha Policy Term
The term of LIC Dhan Rekha Policy ranges from 5 years to 20 years. The policyholder can choose the term based on their specific needs and financial goals. It’s important to note that the premium payment frequency can be annual, half-yearly, quarterly, or monthly, and the premium amount may vary based on the chosen policy term.
Upon the policyholder’s death during the policy term, the sum assured is paid out to the nominee, providing financial security and support to the policyholder’s family. In case the policyholder survives the policy term, no maturity benefits are payable under this policy, as it is a pure term insurance policy.
It’s recommended that individuals carefully consider their financial needs and goals, and consult with a LIC agent or representative to choose the appropriate term for their LIC Dhan Rekha Policy.
- 20 Years: In case you opt for a 20-year policy term, the premium must be paid for 10 years.
- 30 Years: In case you opt for a 30-year policy term, the premium must be paid for 15 years.
- 40 Years: In case you opt for a 40-year policy term, the premium must be paid for 20 years.
Features – Dhan Rekha
| Basic Sum Assured (Minimum) | Rs.2 lakh |
| Basic Sum Assured (Maximum) | No limit |
| Policy Term |
In case the policy is purchased at a CPSC-SPVI/ POSP-LI, the policy term is 20 years |
| Entry Age (Minimum) |
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| Maturity – Minimum Age |
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| Maturity – Maximum Age |
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Process to Purchase the Dhan Rekha Policy
To purchase LIC Dhan Rekha Policy, the following steps need to be followed:
- Visit the LIC website or approach a nearby LIC branch office.
- Collect the proposal form for LIC Dhan Rekha Policy.
- Fill out the proposal form with accurate personal and policy details.
- Submit the proposal form along with the required documents such as age proof, address proof, and identity proof.
- Undergo a medical examination if required, based on age and sum assured.
- Pay the premium for the policy term chosen.
- Upon successful verification of the proposal form and documents, the policy will be issued by LIC.
It’s important to note that the premium amount may vary based on the chosen policy term, sum assured, age, and other factors. It’s recommended that individuals consult with a LIC agent or representative to determine the appropriate premium amount and policy details based on their financial goals and needs.
