Who is Eligible for LIC’s Dhan Rekha Plan? Find Out Here

Introduction to LIC’s Dhan Rekha Plan
Key Features of LIC’s Dhan Rekha Plan
Eligibility Criteria of LIC’s Dhan Rekha Plan
Who Is Eligible for LIC’s Dhan Rekha Plan?
Benefits of LIC’s Dhan Rekha Plan
Additional Policy Details for LIC’s Dhan Rekha Plan

Who is Eligible for LIC’s Dhan Rekha Plan? Find Out Here

Looking for a reliable insurance plan that can help secure your future and offer financial protection to your loved ones? Look no further than LIC’s Dhan Rekha Plan! But who exactly is eligible for this policy, you may wonder. Whether you’re a young professional just starting out or an established family person looking to safeguard their assets, we’ve got all the answers here. Keep reading to find out if LIC’s Dhan Rekha Plan is the right choice for you!

Introduction to LIC’s Dhan Rekha Plan

LIC’s Dhan Rekha Plan is a unique life insurance plan that offers financial protection to the policyholder’s family in the event of their untimely death. The plan also provides for a lump sum payment in the event of the policyholder’s diagnosis of a critical illness.

Who is eligible for LIC’s Dhan Rekha Plan?

Any Indian citizen between the ages of 18 and 60 years can purchase this policy. The policy term ranges from 10 to 20 years, and the maximum sum assured is Rs.1 crore.

What are the features of LIC’s Dhan Rekha Plan?

Some of the key features of this plan are:

– Financial protection for the family in case of death of the policyholder during the policy term

– Lump sum benefit in case of diagnosis of any critical illness by the policyholder

– Policy term ranging from 10 to 20 years

– Maximum sum assured of Rs.1 crore

– Tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961

Key Features of LIC’s Dhan Rekha Plan

The key features of LIC’s Dhan Rekha Plan are as follows:

1. This is a whole life insurance policy which offers financial protection to the policyholder’s family in case of his/her untimely death.

2. The policy provides for a lump sum benefit on the insured’s death, which can be used by the nominees to meet their immediate financial requirements.

3. This policy also offers bonuses declared by LIC from time to time, which are payable on survival of the policy term. These bonuses serve to increase the overall sum assured under the policy and provide additional financial security to the policyholder’s family.

4. Under this plan, the insured can avail of loan facility against the policy after paying premiums for at least 3 years. This loan can be used for meeting various personal or business requirements.

5. The premium paid towards this policy is eligible for tax benefits under Section 80C of the Income Tax Act 1961.

Eligibility Criteria of LIC’s Dhan Rekha Plan

LIC’s Dhan Rekha Plan is a life insurance policy that offers financial protection to the policyholder’s family in case of his/her untimely death. The policy also provides for a lump sum benefit on maturity, making it a valuable investment option.

To be eligible for this plan, the applicant must be between the ages of 18 and 55 years. He/she must also have a regular source of income. The minimum sum assured under this plan is Rs.1 lakh, and the maximum sum assured is Rs.10 lakhs. The policy term ranges from 10 to 20 years, and the premium payment term is 5 years.

Who Is Eligible for LIC’s Dhan Rekha Plan?

LIC’s Dhan Rekha Plan is a life insurance policy that offers a death benefit and maturity benefit. The policy can be purchased by any individual between the ages of 18 and 55. To be eligible for the policy, the individual must be a resident of India and have a regular source of income.

Benefits of LIC’s Dhan Rekha Plan

The Dhan Rekha Plan from LIC is a fantastic way to secure your financial future. It offers a host of benefits that make it an attractive proposition for those looking to save for their retirement. Some of the key benefits of this plan are:

1. Guaranteed returns: The Dhan Rekha Plan offers guaranteed returns, which means you can be assured of getting a fixed return on your investment regardless of market conditions. This makes it a safe and secure investment option.

2. Flexibility: The plan provides you with the flexibility to choose the tenure of your investment, as well as the mode of payment (lumpsum or instalments). This allows you to tailor the plan to suit your individual needs and requirements.

3. Tax benefits: The Dhan Rekha Plan also provides you with income tax benefits under Section 80C of the Income Tax Act. This makes it an ideal way to save taxes and boost your overall returns.

4. Death benefit: In the event of the policyholder’s death during the policy term, the nominee will receive the sum assured plus accrued bonuses. This ensures that your loved ones are financially protected in case of an untimely demise.

5. Maturity benefit: On completion of the policy term, you will receive the sum assured plus accrued bonuses as maturity benefits. This provides you with a lump sum amount that can be used for meeting various financial goals such as retirement planning, child’s

Additional Policy Details for LIC’s Dhan Rekha Plan

LIC’s Dhan Rekha Plan is a non-participating, pure protection plan which offers financial security to the policyholder’s family in case of his/her untimely death. The policy term of LIC’s Dhan Rekha Plan is 10 years and it offers benefits in the form of death and maturity benefit.

Death Benefit: In case of the policyholder’s death during the policy term, his/her nominee will receive an amount equal to the sum assured under the plan as death benefit.

Maturity Benefit: If the policyholder survives till the end of the policy term, he/she will receive an amount equal to the sum assured under the plan as a maturity benefit.

Policy Conditions: Some of the important policy conditions associated with LIC’s Dhan Rekha Plan are as follows –

Minimum Sum Assured: The minimum sum assured under this plan is Rs. 5 lakhs.

Maximum Sum Assured: There is no limit on the maximum sum assured under this plan.

Policy Term: The policy term under this plan is 10 years.