LIC Dhan Rekha Plan 863 Details And Required Document.

Everyone knows about LIC because it is a very trusted insurance company and it offers many insurance plans like “LIC Dhan Rekha Plan” and provides the most life insurance plans. LIC provides all types of financial security for life and health. And the best part of this company is that it provides good financial security in a small amount and this company is a very old company and has been providing insurance services to the people for a long time and time keeps on providing new offers to the customer, only then Life Insurance Corporation of India has a big name in the life insurance business and a plan has also been given by the company in the name of Lic Dhan Rekha Plan 863. Any person can get himself, all the members of his family insured.

LIC Dhan Rekha Plan 863.

LIC comes up with a new insurance plan a few months before the close of the financial year. This time they are a little early. LIC has launched Dhan Rekha plan number 863. This new LIC plan is a money-back plan with guaranteed extras. Recently we have seen that many private insurance companies have come up with guaranteed plans. Now LIC is also following the same path. In this article, we will provide LIC Dhan Rekha plan details, features, benefits, why to invest, negative factors, and a full review.

LIC Dhan Rekha Plan 863 Details

LIC Dhan Rekha Plan 863 | Features

  • This is a non-linked, nonparticipating, individual, savings, money back plan.
  • In this plan, there is a minimum sum insured of Rs 2 lakh and no maximum limit.
  • Any person who is in the age group of 90 days to 55/60 years is eligible to consider this plan. Below is the maximum age of entry.
  • The policy is available for tenures of 20, 30, and 40 years.
  • This plan comes with a limited premium paying plan (to be paid for half of the policy term, either yearly, half-year, quarterly, or monthly) and a single premium option.
  • There is an additional guarantee of Rs 50 per thousand Sum Assured depending on the tenure.
  • The plan is available in both online mode and offline modes. Under offline mode, one needs to approach the LIC agent or LIC branch and buy this plan.
  • This plan provides a loan facility for liquidity requirements
  • It comes with riders, however, it will come with an additional premium.

LIC dhan rekha plan 863 calculator :- Click Here

Single-Premium Limited Premium Term
60 55 20
50 45 30
40 35 40

LIC Dhan Rekha Plan 863

LIC Dhan Rekha Policy | Benefits

Benefits of LIC Dhan Rekha Policy:-

* Death Benefit in LIC Dhan Rekha

Death Benefit in LIC Dhan Line In case of unfortunate death of the policyholder, 125% of the Sum Assured or 7 times the annualized premium, whichever is higher, will be paid plus an additional payment to the nominee. Thereafter the policy lapses.

* Survival Benefit in Dhan Rekha Plan

Survival Benefit in Dhan Rekha Plan The survival benefits of this LIC plan depend on the tenure of the plan chosen by the policyholder.

* Policy with tenure of 20 years
  • 10% of the Sum Assured will be paid at the end of the 10th year and 15th year.
  • There is no GA from 1st year to 5th year.
  • From the 6th to the 20th year, Rs.50 per thousand Sum Assured will be paid on maturity along with Sum Assured.
* Policy with tenure of 30 years
  • 10% of Sum Assured will be paid at the end of 15th year, 20th year and 25th year ii) There is no GA from 1st year to 5th year.
  • From 6th to 20th year, an additional guarantee of Rs 50 per thousand Sum Assured on maturity will be paid.
  • From 21st to 30th year, a Guaranteed Additional Sum Assured of Rs.55 per thousand Sum Assured will be paid along with Sum Assured on Maturity.
# Policy with tenure of 40 years
  • 20% of Sum Assured to be paid at the end of 20th year, 25th year, 30th year, and 35th year
  • There is no GA from 1st year to 5th year.
  • From 6th to 20th year, an additional guarantee of Rs 50 per thousand Sum Assured on maturity will be paid.
  • From 21st to 30th year, a Guaranteed additional payment of Rs.55 per thousand Sum Assured on maturity will be made.
  • From 31st to 40th year, a Guaranteed Additional Pay of Rs.60 per thousand Sum Assured will be paid on maturity along with Sum Assured.

How To Get Guaranteed Additions In LIC Dhan Rekha Plan?

  • Up to 5 years – Means no Guaranteed Additions bonus will be available for 5 years.
  • 6 to 20 years – 50 Rs per 1000 Sum assured
  • 21 to 30 years – 55 Rs. per 1000 Sum Assured
  • 31 to 40 years – 60 Rs per 1000 Sum Assured

LIC Dhan Rekha Plan | Eligibility.

Option-1 Option-2 Option-3
Policy Period 20 Year 30 Year 40 Year
Minimum Age 8 Year 3 Year 90 Days
Maximum Age 55 Year 45 Year 35 Year
Minimum S.A 2 Lakhs 2 Lakhs 2 Lakhs
Maximum S.A No Limit No Limit No Limit
Premium Payment Term 10 Year 15 Year 20 Year

Dhan Rekha Plan Premium Payment Mode.

  • Monthly
  • Quarterly
  • Half Yearly
  • Yearly

Single-Premium Payment Option:– Single premium option is also available in this policy plan, under which you will have to pay a premium once while taking the policy.

LIC Dhan Rekha Insurance | Eligibility Criteria

Individual Policy

  • The age of the Basic Insured must be at least 18 years.
  • The age of the person should not be more than 65 years to take an individual policy. Its benefit will be available to the insured till the age of 80 years.
  • And in this, it has been fixed only till the maximum 65 years. All these members will get the benefit of this insurance policy only till 70 years.

Insured Children

  • The age of the child can be at least 3 months or 91 days.
  • The maximum age of children under this plan can be only 20 years. The cover of this plan will be given to the children only till the age of 25 years.

LIC Dhan Rekha Insurance | Required Documents

If someone takes a policy, then the company asks for many documents because it wants to see the proof, only after verifying them, a company provides the policy. So in the same way, some important documents are asked within this plan too, so today we tell you which documents are required if you want to take this plan.

  • Must have a copy of your photo and any of your ID proofs
  • To take a claim in Lic Dhan Rekha Plan 863, you must have a claim form.
  • You must have a photocopy of the Discharge summary
  • And you should also have a photocopy of the hospital bill.
  • And the most important package treatment should be detailed along with the package bills.
  • And a copy of all investigations should be accompanied by a bill for all medicines.
  • And if you have an accidental case then you should also have a medical-legal certification. The company verifies it.

Dhan Rekha Plan 863 | How To Apply?

You can buy Lic Dhan Rekha Plan 863 online or offline. Offline Policies are sold by LIC Agents and Branches of LIC. You can approach anyone to buy the policy. You need to buy the policy online through the official website of LIC or through an agent of LIC of India. Online mode is simpler and much more convenient.

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