LIC's Dhan Rekha (Plan No. 863, UIN No. 512N343V01) is a non-linked, non-participating, individual savings money back plan that offers a combination of protection and savings. Here are some key features of the plan:

  • Policy term: Available for terms of 20, 30, and 40 years.
  • Premium payment term: Premiums can be paid for 10, 15, or 20 years, depending on the policy term chosen. Single premium option is also available.
  • Sum assured: Minimum sum assured is Rs. 2 lakhs and there is no upper limit.
  • Benefits:
    • Survival benefit: A percentage of the basic sum assured is payable at regular intervals starting from the middle of the policy term.
    • Death benefit:
      • In case of death during the policy term, the nominee receives 125% of the basic sum assured for single premium option and 105% of all premiums paid till death for limited premium option.
      • Additionally, guaranteed additions accrue at the end of each policy year from the 6th year to the end of the term.
    • Maturity benefit: On maturity, the policyholder receives the basic sum assured along with guaranteed additions.
  • Loan facility: Loan can be availed against the policy after two years from policy issuance.
  • Tax benefits: Premiums paid are eligible for tax deduction under Section 80C of the Income Tax Act.

LIC's Dhan Rekha plan can be a good option for individuals looking for a combination of life insurance and savings with guaranteed returns. However, it is important to carefully consider your individual needs and financial situation before making any investment decisions.

Here are some additional resources that you may find helpful:

I hope this information is helpful. Please let me know if you have any other questions.