Today we will discuss LIC’s new policy Dhan Rekha. Till now, this arrangement is unique in relation to every one of the plans of LIC on the lookout. LIC’s new Dhan Rekha plan has opened up for buy from 13 December.
The main thing about this arrangement is the surefire expansion on Sum Assured, which will be given from Rs 50 for every thousand to Rs 60 for each thousand. The following exceptional thing is that the inclusion of aggregate guaranteed up to 125%. That is, inclusion of up to 125% of how much arrangement you take will keep on being accessible during the whole approach.
LIC’s Dhan Rekha Plan gives ladies a unique rebate in exceptional charges. Assuming a lady takes this strategy in her own name, then, at that point, she will be given an arrangement at a low premium. This is a cash back strategy under which you are given some piece of the picked aggregate guaranteed in the approach.
The standard of the overall arrangement is that the cash given in the cash back during the strategy is given to the client subsequent to deducting the total guaranteed at the hour of development. Be that as it may, in this strategy, the cash back cash isn’t given in the wake of deducting it. Cash back is additionally accessible in this and full installment is likewise accessible at the hour of development.
Special feature of Dhan Rekha Plan
Dhan Rekha plan is such an arrangement which isn’t connected to the danger of offer market. The highs and lows of the financial exchange don’t influence the cash back or development measure of the approach. No reward is likewise accessible in this arrangement.
The advantage of the not set in stone at the hour of taking the approach and is paid till the end or at the hour of development. This is a restricted premium arrangement wherein the exceptional should be paid distinctly for a fraction of the time-frame for which the arrangement is taken. There is likewise a choice to pay the whole premium in one go in this arrangement.
This approach is accessible for residencies of 20, 30 and 40 years. The base age for requiring a long term strategy is 8 years, for a 30-year strategy, the base age is 3 years and for a 40-year strategy, the base age limit has been kept at 90 days. An individual of greatest 55 years can take this arrangement.
The base aggregate guaranteed of the arrangement is Rs 2 lakh. There is no restriction on Maximum Sum Assured. For quite a long time strategy, 10 years premium must be paid, 30 years strategy should pay 15 years and 40 years strategy should pay 20 years premium. The office of single premium is additionally accessible in which the whole exceptional sum must be paid at the hour of taking the strategy.
What is death benefit
Assuming the subscriber dies during the approach, then, at that point, 125% of the total guaranteed will be paid to the chosen one. Alongside this, how much Guaranteed Edition will likewise be paid. Allow us to comprehend this with a model.
Assume 30 year old Deepak has taken an approach of 10 lakh total guaranteed, so Deepak should pay premium just for 15 years. Assuming Deepak pays the premium every year, then, at that point, he should pay Rs 73,342 yearly. Thusly, Deepak will pay around Rs 11 lakh during the whole approach time frame.
How much will you get in the end
At the point when the Dhan Rekha strategy finishes 15 years, Deepak will get 15% of the total guaranteed for example Rs 1.50 lakh as cash back. Assuming the arrangement turns 20 years of age, then, at that point, the subsequent cash back will be accessible in which 15% of the total guaranteed for example Rs 1.5 lakh will be accessible.
At the point when the strategy finishes 25 years, you will get Rs 1.5 again as the third cash back. Thusly, Deepak will get Rs 4.50 lakh as absolute cash back. At the point when the arrangement finishes 30 years, then, at that point, it will get development.
The whole total guaranteed for example Rs 10 lakh, Rs 7.50 lakh as ensured expansion from 6 years to 20 years and Rs 5.50 lakh as ensured expansion from 21 years to 30 years. Thusly, Deepak will get Rs 13 lakh as a dependable version. The aggregate sum on development will be Rs 23 lakh. Prior, Rs 4.5 lakh is as of now accessible as cash back. In this manner Deepak gets a complete return of Rs 27.50 lakh.
Assuming Deepak dies during the arrangement, then, at that point, the candidate will get 125% of the total guaranteed for example Rs.12.50 lakh. Additionally, as per the quantity of years the approach has run, you will likewise get a guaranteed addition. The guaranteed addition will rely upon the quantity of years the approach has run.
