LIC Dhan Rekha Plan 863
Money Back Plan with Guaranteed Additions Offline Calculator
LIC Dhan Rekha Plan 863 Overview
LIC Dhan Rekha Plan 863 is a non-linked, participating money back savings plan. It is highly popular due to its high guaranteed additions starting from ₹50 per ₹1000 SA and periodic survival payouts while the premium paying term is only half of the policy term.
Eligibility & Rules
- Entry Age: 90 Days to 60 Years
- Policy Term: 20, 30, 40 Years
- Premium Paying Term: 10, 15, 20 Years or Single Premium
- Minimum Sum Assured: ₹2,00,000
Key Plan Benefits
- Survival Benefit: Fixed percentage of SA (10%, 15%, or 20%) paid multiple times during the term.
- Maturity Benefit: Full 100% Basic Sum Assured + Guaranteed Additions (survival benefits are not deducted).
- Death Benefit: 125% of Basic SA + Guaranteed Additions (₹50 to ₹60 per ₹1000 SA).
Detailed Maturity Benefit
Full 100% of Basic Sum Assured + Accrued Guaranteed Additions. (Note: The survival benefits paid earlier are not deducted from the maturity amount).
Standard Policy Features
- Grace Period: 30 days for Yearly, Half-Yearly, and Quarterly premium payment modes, and 15 days for Monthly mode.
- Free Look Period: 30 days from the date of receipt of the policy document to review the terms and conditions.
- Loan & Surrender Facility: The policy acquires a Surrender Value and Loan facility after the payment of 2 full years' premiums.
- Tax Benefits: Premiums paid are eligible for tax deduction under Section 80C, and maturity/death benefits are tax-free under Section 10(10D), subject to prevailing tax laws.
Example Calculation
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Note: The values shown above are indicative examples. Actual premiums and maturity amounts may vary based on exact age, riders, and declared bonus rates.
| Parameter | Value |
|---|---|
| Sum Assured | ₹5,00,000 |
| Policy Term / PPT | 30 Years / 15 Years |
| Yearly Premium (Approx) | ₹33,500 |
| Total Paid Premium (15 Yrs) | ₹5,02,500 |
| Each Survival Payout (15% SA) | ₹75,000 (at mid-term intervals) |
| Total Survival Money-Back (x3) | ₹2,25,000 |
| Guaranteed Additions (Escalating) | ₹7,75,000 |
| Maturity Amount (100% SA + GA) | ₹12,75,000 |
| Total Benefits (Survival + Maturity) | ₹15,00,000 |
Calculating…