Plan Features
Dhan Rekha (863)
Product Summary
Dhan Rekha - 863 is a guaranteed benefit money back plan, with option to pay premium in single as well as limited premium payment modes.
Premium Payment Mode :
Single, Yearly, Half Yearly, Quartely, Monthly(SSS and NACH)
Annuity Mode
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Optional Benefits
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Term :
20, 30 and 40 year terms with 10, 15 and 20 year premium payment under limited premium option respectively. Single premium payment option also available.
Premium Paying Term :
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Minimum Age at Entry :
8 years complted for 20 year term, 3 years completed for 30 year term and 90 days completed for 40 years.
Maximum Age at Entry :
55 years nbd for 20 year term, 45 years nbd for 30 year term and 35 years nbd for 40 years under limited premium. 60 years nbd for 20 year term, 50 years nbd for 30 year term and 40 years nbd for 40 year term under single premium.
Annuity Options
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Minimum Purchase Price
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Deferment Period
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Joint Annuity
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Maximum Cover Ceasing Age:
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Maturity Age:
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Sum Assured
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Maturity Benefit
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Death Benefit
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Minimum Basic Sum Assured :
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Minimum age at the end of Premium Paying Term
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Maximum Maturity Age :
75 Years for limited premium and 80 years for single premium
Minimum Premium:
Single Premium - Rs.2,00,000, Regular Premium -Rs.30,000.
Maximum Premium:
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Minimum Basic Sum Assured :
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Sum Assured on Death
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Minimum Sum Assured :
Rs. 2,00,000
Maximum Sum Assured :
No Limit (Subject to other conditions)
Guaranteed Additions
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Survival Benefits
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Riders Available
ADDB/AB, Critical Illness Rider, Term Rider.
Accidental Death and Disability benefit (ADDB) :
up to 70 years of age or policy term whichever is less.
Policy Benefits
On Death :
On Death: Sum Assured on Death + Guaranteed additons. Sum Assured on Death = Higher of 125% of Basic Sum Assured or 7 times of annualized premium. Death Benefit shall not be less than 105% of total premiums paid as on date of death.(Excluding taxes, extra premium and rider benefits)
On Survival :
For 20 Year Term-->10% of sum assured payable after 10th and 15th year of the policy. For 30 Year Term-->15% of sum assured payable after 15th, 20th and 25th year of the policy. For 40 Year Term-->20% of sum assured payable after 20th, 25th, 30th and 35th year of the policy. On Maturity: Basic Sum Assured + Guarnteed Additions.
On detection of Early Stage Cancer
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On detection of Major Stage Cancer
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Settlement Option :
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Multiple Allowed
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Surrender Value :
Policy can be surrendered at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Loan :
Loan can be availed at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Income Tax Benefit :
Premium paid under the policy is eligible for Tax rebate under section 80C. Maturity benefit under this policy is tax free under section 10 (10 D) of income tax act.
Proposal Form :
Form No 300 for major lives and Form No 360 for minor lives.