New Delhi: Life Insurance Corporation of India, or LIC, has been providing excellent policies to its consumers on a regular basis. LIC is one of the few insurance organizations in the country where one can invest without risk, which means that the money invested here is considered safe. This corporation is actually run by the government. LIC has now introduced a big plan.
LIC Dhan Rekha Policy
According to LIC, the name of this insurance policy is ‘Dhan Rekha’. If the policy is in good standing, a specified portion of the Sum Assured will be paid as survival benefit over a regular period. This means that this program will offer you huge rewards.
What is the eligibility for the policy?
The unique feature of the policy is that when it matures, the policyholder will get the entire sum assured without any deduction for the amount already received. This plan allows you to invest a minimum of Rs 2 lakh in the covered funds. While there is no maximum amount, there is a minimum amount. It can be taken in the name of a child from the age of 90 days to the age of eight years as per the terms of investment. Similarly the maximum age limit is between 35 to 55 years.
Scheme launched in 3 term
This policy was adopted by the corporation with three different phrases.
In this these three terms are 20 years, 30 years and 40 years.
You can choose any one word from it.
You have to pay the premium amount as per the terms and conditions.
If you opt for the tenure of 20 years, then you will have to pay the premium for 10 years.
If you choose a term of 30 years, you will have to pay premium for 15 years.
If you choose a term of 40 years, then you have to pay premium for 20 years.
Apart from this, you can also pay a single premium.
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