LIC Dhan Rekha Plan 863 Calculator
Non-Linked • Non-Participating • Money Back Savings Plan
LIC Dhan Rekha Plan 863
Life Insurance Corporation of India launched LIC Dhan Rekha Plan 863 on December 13, 2021, as a traditional insurance and savings product designed to provide guaranteed benefits along with life insurance protection.
The policy was later withdrawn from new sales on January 1, 2025. Although the plan is no longer available for fresh purchase, understanding its features and benefit calculations remains important for existing policyholders and individuals comparing traditional LIC insurance products.
What is LIC Dhan Rekha Plan 863?
LIC Dhan Rekha Plan 863 is a non-linked, non-participating individual savings and life insurance policy that offers guaranteed benefits, periodic money-back payouts, and financial security for the policyholder’s family.
Since the plan is non-linked and non-participating:
- Returns are not affected by stock market movements
- Policyholders do not participate in LIC profits or bonus declarations
- Benefits remain fixed and guaranteed according to policy conditions
The policy offered flexibility through:
- Single premium payment option
- Limited premium payment option
making it suitable for different financial planning needs.
Key Features of LIC Dhan Rekha Plan 863
Non-Linked and Non-Participating Insurance Plan
LIC Dhan Rekha Plan 863 provided guaranteed benefits without exposure to stock market risks.
Guaranteed Additions
The policy offered guaranteed additions on the Sum Assured at specified rates during the policy term, increasing the overall policy value.
Money Back Benefits
Periodic survival benefits were payable at predefined intervals during the policy term, making the policy a money-back insurance plan.
Death Benefit Protection
If the policyholder died during the policy term, the nominee received financial protection through death benefits according to policy conditions.
Loan Facility
Policyholders could avail loans against the policy to meet urgent financial needs without surrendering the policy.
Flexible Premium Payment Options
The plan offered two premium payment choices:
- Single Premium
- Limited Premium Payment
allowing flexibility according to the customer’s affordability and preference.
Flexible Policy Terms
LIC Dhan Rekha Plan 863 generally offered policy terms ranging from:
- 15 years
- Up to 40 years
depending on the selected policy option.
Who Was LIC Dhan Rekha Plan 863 Suitable For?
The policy was considered suitable for:
- Individuals seeking guaranteed returns without market risk
- People wanting periodic money-back payouts
- Families requiring life insurance protection
- Conservative investors preferring stable savings plans
- Long-term financial planners looking for disciplined savings with insurance coverage
Eligibility Criteria for LIC Dhan Rekha Plan 863
What Were the Eligibility Conditions for LIC Dhan Rekha Plan 863?
| Criteria | Details |
|---|---|
| Policy Term | 20 years, 30 years, or 40 years |
| Premium Payment Options | Single Premium or Limited Premium (10, 15, or 20 years) |
| Entry Age | Minimum: 90 days to 8 years; Maximum: 35 to 60 years |
| Maturity Age | Minimum: 28 to 40 years; Maximum: 65 to 80 years |
| Sum Assured | Minimum ₹2,00,000; No maximum limit |
LIC Dhan Rekha Plan 863 Launch and Withdrawal Dates
When Was LIC Dhan Rekha Plan 863 Launched?
Life Insurance Corporation of India officially launched LIC Dhan Rekha Plan 863 on December 13, 2021.
When Was LIC Dhan Rekha Plan 863 Withdrawn?
The policy was withdrawn from new sales on January 1, 2025.
Although fresh purchases are no longer available, existing policyholders continue receiving all benefits according to original policy conditions.
How LIC Dhan Rekha Plan 863 Worked
Death Benefit
If the policyholder died during the policy term after commencement of risk, the nominee received:
- Sum Assured on Death
- Accrued Guaranteed Additions
Death Benefit Under Single Premium Option
For single premium policies, death benefit payable was:
- 125% of Basic Sum Assured
Death Benefit Under Limited Premium Option
For limited premium policies, death benefit payable was the higher of:
- 125% of Basic Sum Assured, or
- 7 times the annualized premium
Additionally, the death benefit was always at least:
- 105% of total premiums paid
Survival Benefits (Money Back Benefits)
LIC Dhan Rekha Plan 863 offered periodic survival benefits during the policy term.
At specified intervals, the policyholder received a fixed percentage of the Basic Sum Assured as money-back payouts, providing regular returns during the policy duration.
Maturity Benefit
If the policyholder survived until the end of the policy term, LIC paid:
- Remaining Basic Sum Assured
- Accrued Guaranteed Additions
This maturity amount provided long-term savings and financial support.
Understanding LIC Dhan Rekha Plan 863 Calculator
LIC Dhan Rekha Plan 863 Calculator was designed to estimate:
- Premium payable
- Survival benefits
- Maturity amount
- Death benefits
based on selected policy details.
Why Use LIC Dhan Rekha Plan 863 Calculator?
Since policy calculations depended on several factors such as:
- Age
- Policy term
- Sum Assured
- Premium payment mode
- Premium Paying Term
manual calculations could become difficult.
The calculator simplified this process by generating instant premium and benefit estimates.
How to Use LIC Dhan Rekha Plan 863 Calculator
What Inputs Were Required?
To use the calculator effectively, users generally entered:
- Age of the policyholder
- Selected policy term
- Basic Sum Assured
- Premium Paying Term
- Premium payment frequency:
- Yearly
- Half-yearly
- Quarterly
- Monthly
What Did LIC Dhan Rekha Plan 863 Calculator Show?
The calculator displayed:
- Annual premium amount excluding GST
- Survival benefit payouts
- Total maturity amount including guaranteed additions
- Death benefit payable to nominee
This helped policyholders understand expected financial returns clearly before purchasing the policy.
Example of LIC Dhan Rekha Plan 863 Benefits Calculation
Suppose a 28-year-old individual selected:
- Policy term: 20 years
- Basic Sum Assured: ₹10,00,000
- Premium Paying Term: 10 years
Estimated Results
- Approximate yearly premium: ₹1,03,036 excluding GST
- Money-back benefits payable at specified intervals
- Maturity benefit including guaranteed additions payable at policy end
- Death benefit payable according to applicable death benefit formula
These estimates helped customers plan long-term savings and insurance protection more effectively.
Advantages of LIC Dhan Rekha Plan 863
Why Was LIC Dhan Rekha Plan 863 Considered Beneficial?
Guaranteed Returns
The policy offered guaranteed additions that accumulated throughout the policy term, ensuring fixed and predictable returns.
Financial Protection
Money-back payouts and death benefits provided financial support to both the policyholder and family members.
Flexible Policy Options
Customers could choose different policy terms and premium payment options according to their financial requirements.
Loan Facility
The plan allowed policyholders to avail loans against the policy during emergencies, improving liquidity without surrendering the policy.
Risk-Free Savings
Since LIC Dhan Rekha Plan 863 was a non-linked insurance policy, returns were not affected by stock market fluctuations.
Important Points to Remember
Things to Know About LIC Dhan Rekha Plan 863
- Premium amounts did not include GST charges
- GST rates could vary over time according to government regulations
- Policy returns were guaranteed but fixed because the plan was non-linked
- Timely premium payments were necessary to keep the policy active
- The policy was withdrawn from sale on January 1, 2025
- Existing policyholders continue receiving benefits according to policy terms
Frequently Asked Questions
What is LIC Dhan Rekha Plan 863?
Life Insurance Corporation of India LIC Dhan Rekha Plan 863 was a non-linked, non-participating money-back life insurance policy offering guaranteed survival benefits and life insurance coverage. The policy was launched on December 13, 2021, and withdrawn on January 1, 2025.
What Premium Payment Options Were Available Under LIC Dhan Rekha Plan 863?
The policy offered:
- Limited Premium Payment options:
- 10 years
- 15 years
- 20 years
- Single Premium Payment option
Policy terms generally ranged between 20 years and 40 years.
What Were the Entry Age Limits for LIC Dhan Rekha Plan 863?
The minimum entry age started from:
- 90 days for single premium option
- 8 years for limited premium option
The maximum entry age ranged from 40 years to 60 years depending on selected policy option.
What Was the Sum Assured Range Under LIC Dhan Rekha Plan 863?
- Minimum Basic Sum Assured: ₹2,00,000
- Maximum Sum Assured: No upper limit specified
This allowed policyholders to select higher coverage based on financial requirements.
What Were the Survival Benefits Under LIC Dhan Rekha Plan 863?
Money-back benefits were payable at specified intervals during the policy term as a fixed percentage of the Basic Sum Assured, provided the policy remained active.
Was Loan Facility Available Under LIC Dhan Rekha Plan 863?
Yes, policyholders could avail loans against the policy after completion of at least two full years of premium payments.
Conclusion
LIC Dhan Rekha Plan 863 was designed as a balanced insurance and savings product offering guaranteed returns, periodic money-back benefits, and life insurance protection. Although the plan was withdrawn in 2025, understanding its features and calculator benefits remains valuable for existing policyholders and individuals comparing traditional LIC money-back insurance plans.
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