In short (tl;dr)
Dhan Rekha pays money back at five-year intervals from the tenth year, credits guaranteed additions throughout, and returns the full sum assured at maturity on top.
About LIC Dhan Rekha
Dhan Rekha (Plan 863) is a non-participating money back plan with terms of 20, 30 or 40 years and a short premium paying term of 8, 10 or 12 years respectively. Guaranteed Additions accrue on a rising scale of ₹50, ₹55 and ₹60 per ₹1000 as the policy ages.
Unlike LIC's participating money back plans, the survival benefits here do not eat into the maturity value. The full Basic Sum Assured is paid at maturity in addition to everything already received, along with all accrued Guaranteed Additions. A 30-year policy pays 15% in years 15, 20 and 25, and still pays 100% of the sum assured at the end.
The plan also has an unusual death benefit: the Sum Assured on Death is twice the Basic Sum Assured, giving it a protection profile closer to a term plan than a typical savings contract.
Key features
- Money back at five-year intervals, rising from 10% to 20% of the sum assured with the term
- Full Basic Sum Assured still payable at maturity, on top of the payouts
- Guaranteed Additions of ₹50 to ₹60 per ₹1000 per year
- Premiums payable for only 8, 10 or 12 years
- Sum Assured on Death is twice the Basic Sum Assured
Dhan Rekha at a glance
- Plan number
- 863
- Category
- Money Back
- Entry age
- 0 to 55 years
- Policy term
- 20, 30, 40 years
- Premium paying term
- 8, 10, 12 years
- Sum assured
- ₹2 Lakh and above
- Maximum maturity age
- 80 years
- UIN
- 512N343V01
LIC publishes a page for this plan. It does not state the plan number or UIN on the page itself, so treat those two rows here as unconfirmed. Check it on licindia.in
Benefits under Dhan Rekha
Death benefit
Twice the Basic Sum Assured plus accrued Guaranteed Additions, subject to a minimum of 105% of premiums paid. Survival benefits already paid are not deducted.
Maturity benefit
The full Basic Sum Assured plus the Guaranteed Additions accrued over the entire policy term, in addition to all survival benefits already received.
Who it suits
A long-horizon buyer who wants to finish paying in a decade but keep a contractual income and a doubled death benefit running for another twenty or thirty years.
What to watch out for
The premium is high because it is compressed into 8 to 12 years. Terms of 40 years mean the last payout is a very long way off — check the projection against inflation.
How this calculator works
Dhan Rekha is priced here on its own parameters, not a generic formula. We build the plan's full cash-flow schedule — the death benefit in each policy year, every survival payout, and the maturity value — and discount it on a basis calibrated to a reference premium for this plan. That reference is checked two ways: against LIC's published tabular rate, and against the return the plan's own benefits imply for the policyholder.
- Reference premium
- ₹112.50 per ₹1,000 at age 30, 30-year term, 10-year premium term
- Discount basis
- 5.39% a year, on LIC (2012-14) Ultimate mortality
- Guaranteed additions
- ₹50 per ₹1,000 for years 1–5; ₹55 per ₹1,000 for years 6–10; ₹60 per ₹1,000 from year 11 onwards
- GST
- Nil. Individual life insurance premiums have been exempt from GST since 22 September 2025, so the instalments shown are what you actually pay.
Bonus rates are declared annually and are not guaranteed; only the sum assured and any contractual guaranteed additions are. Read our editorial and methodology policyfor the full basis, and confirm every figure with LIC before you buy.
Check the source:Dhan Rekha on licindia.inLIC valuation and bonus declarationsIRDAI regulations
LIC Dhan Rekha — frequently asked questions
What is the money back schedule in Dhan Rekha?
For a 20-year term: 10% of the sum assured at the end of years 10 and 15. For 30 years: 15% at years 15, 20 and 25. For 40 years: 20% at years 20, 25, 30 and 35. The full sum assured is then paid at maturity on top.
Does Dhan Rekha pay the sum assured at maturity as well as the money back?
Yes. This is the plan's distinguishing feature — the survival benefits are extra, not an advance against the maturity value. The full Basic Sum Assured plus all Guaranteed Additions is payable at the end.
What is the death benefit under Dhan Rekha?
Twice the Basic Sum Assured, plus accrued Guaranteed Additions, with no deduction for survival benefits already received.
What is the premium paying term for Dhan Rekha?
8 years for a 20-year term, 10 years for a 30-year term and 12 years for a 40-year term. A single premium option is also available.
Related calculators
Plans people usually weigh up against Dhan Rekha before deciding.
Bima Ratna
No. 864Guaranteed additions that step up over time, plus two payouts before maturity.
Open calculatorNew Money Back Plan - 25 Years
No. 721Four payouts of 15% across 25 years, with the highest money back bonus rate.
Open calculatorBima Jyoti
No. 860Non-participating endowment with a guaranteed addition of ₹50 per ₹1000 every year.
Open calculatorJeevan Umang
No. 7458% of the sum assured every year for life once premiums finish, and cover to age 100.
Open calculator