The Dhan Rekha Insurance plan is a money back plan that is ideal for low-risk investors. It offers guaranteed additions based on the policyholder’s age, premium amount and term. Moreover, it covers life risks such as loss of income, illness, or death. But, if you’re looking for high returns, it may be better to invest in other forms of investment, such as an index fund, which can yield a 10% to 12% annualized return.
The Dhan Rekha insurance policy was introduced by Life Insurance Corporation of India (LIC) to offer an individual savings plan with fixed maturity benefits and guaranteed additions. The plan can be purchased online or offline. There are two payment methods available – monthly premium payment and single premium payment. The entry age is between 35 and 55 years, and depends on the term of the policy.
The LIC Dhan Rekha Plan pays death benefits if the policyholder dies during the policy term. These benefits include a “Sum Assured on Death” and “Receivable Assured Bonuses”. The “Sum Assured on Death” on a single premium policy will be 125% of the Basic Sum Assured, whereas the “Death Benefit” on a fixed premium policy will be seven times the annual premiums.
You can buy an LIC Dhan Rekha policy online or in person. For online purchases, it’s best to visit the company’s official website. Online purchases can also result in special discounts on the policy. It’s worth noting that the Dhan Rekha policy is relatively new, so if you’re considering a purchase, take some time to learn more.
A LIC policy is an excellent way to protect yourself and your family. It will also provide you with a return if you die while in the policy period. And the best part is that it’s easy to transfer the policy if you’re willing to use it to cover a medical expense. It’s the perfect way to secure your future.
A Dhan Rekha policy can be purchased by anyone and is easy to apply for. Premium payments are made on a monthly or yearly basis. You can opt for a limited premium payment option to get a higher payout. This plan offers optional riders, which cost an additional premium. In addition, it offers a financing plan and alternative services.
Despite its low returns, a Dhan Rekha policy is an excellent option for a small investor. You can choose from five riders. In the first five years, you’ll receive a fixed amount of income from the policy, as long as it’s in place. This way, you can avoid paying high premiums and still have a healthy amount of money to invest in the stock market.
The Dhan Rekha policy’s benefits are substantial. The policyholder will receive the full sum assured upon his death or her death. The policy will also accrue guaranteed additions. If the policyholder has children, they will receive financial assistance.