Dhan Rekha Plan 863
Dhan Rekha Plan 863: LIC of India new plan launched on 13th. December 2021 which name is LIC Dhan Rekha 863. LIC’s Dhan Rekha 863 is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan which offers an attractive combination of protection and savings.
In India, insurance is more than a product—it’s a promise of security. Among the trusted names, LIC (Life Insurance Corporation of India) has been safeguarding Indian families for over six decades. Over the years, LIC has continuously introduced innovative plans that balance life protection and financial growth.
One such plan that has recently gained a lot of attention is the LIC Dhan Rekha Plan 863.
This plan is unique because it provides:
- Guaranteed benefits at regular intervals
- Attractive survival benefits
- A sizable lump sum at maturity
- Protection against risk of death
Unlike market-linked policies, Dhan Rekha ensures stable, assured returns, making it suitable for risk-averse Indian investors.
In this article, we’ll explore the LIC Dhan Rekha Plan 863 in detail—covering its features, benefits, premium charts, investor examples, analyst insights, FAQs, and more.
What is LIC Dhan Rekha Plan 863?
LIC Dhan Rekha (Plan No. 863, UIN: 512N345V01) is a non-linked, non-participating, individual savings, life insurance plan.
👉 In simple words:
- It combines life cover + guaranteed survival benefits + maturity benefits.
- Policyholders receive regular payouts during the policy term.
- On maturity, they get lump sum benefits.
- On unfortunate death, the nominee receives the Sum Assured + Loyalty Additions.
This makes it a guaranteed return policy ideal for families who want assured financial milestones.
Key Features of LIC Dhan Rekha Plan 863
| Feature | Details |
|---|---|
| Plan Name | LIC Dhan Rekha |
| Plan Number | 863 |
| Type | Non-linked, Non-participating, Guaranteed Savings Plan |
| Policy Terms Available | 20, 30, 40 years |
| Premium Payment Term (PPT) | 10, 15, 20 years (Limited Pay) |
| Entry Age | 90 days to 55 years |
| Maximum Maturity Age | 75 years |
| Minimum Basic Sum Assured | ₹2,00,000 |
| Maximum Basic Sum Assured | No Limit (depends on income proof) |
| Survival Benefits | % of Basic Sum Assured paid at regular intervals |
| Maturity Benefit | Remaining SA + Guaranteed Additions |
| Death Benefit | Sum Assured on Death + Loyalty Additions |
| Loan Facility | Available after 2 years |
| Riders Available | Accidental Death & Disability, Critical Illness, Term Rider, etc. |
Benefits of LIC Dhan Rekha Plan 863
1. Survival Benefits (Guaranteed Money-Back)
Depending on the policy term, LIC pays a fixed percentage of Sum Assured at regular intervals:
| Policy Term | Survival Benefit |
|---|---|
| 20 Years | 10% of SA at end of 10th & 15th year |
| 30 Years | 10% of SA at end of 15th, 20th & 25th year |
| 40 Years | 10% of SA at end of 20th, 25th, 30th & 35th year |
2. Maturity Benefit
At maturity, policyholder gets:
👉 Balance Sum Assured (after deducting survival payouts) + Loyalty Additions.
3. Death Benefit
If the policyholder dies during the policy term:
👉 Sum Assured on Death + Loyalty Additions is paid to nominee.
- Sum Assured on Death = Higher of (125% of SA OR 7 × Annual Premium).
4. Loyalty Additions
Loyalty Additions (declared by LIC) are payable at maturity or death, enhancing overall returns.
5. Loan Facility
Loan can be availed after 2 premium-paying years, ensuring liquidity.
6. Tax Benefits
- Premiums eligible under Section 80C.
- Maturity/Death proceeds exempt under Section 10(10D).
Example – Premium & Benefit Illustration
Case Study – Mr. Sharma (Age 35, Salaried Professional)
- Policy Term: 30 years
- Sum Assured: ₹10,00,000
- Premium Payment Term: 15 years
- Annual Premium: ~₹65,000 (approx.)
Money-Back & Maturity Chart
| Year | Event | Payout |
|---|---|---|
| 15th Year | Survival Benefit | ₹1,00,000 (10% of SA) |
| 20th Year | Survival Benefit | ₹1,00,000 (10% of SA) |
| 25th Year | Survival Benefit | ₹1,00,000 (10% of SA) |
| 30th Year | Maturity | ₹7,00,000 + Loyalty Additions (~₹3–4 lakh) |
👉 Total Benefits = ₹12–13 lakh (on ₹9.75 lakh premium approx. over 15 years)
Analyst Opinions on LIC Dhan Rekha
- Insurance Analysts: “Dhan Rekha offers stability with guaranteed survival benefits. It’s suitable for investors who prefer certainty over high but risky returns.”
- Financial Planners: “Ideal for families planning education, marriage, or retirement milestones, thanks to scheduled payouts.”
- Market Experts: “The effective returns (IRR) may range around 5.5% – 6.5%, but considering the insurance + tax-free nature, it is attractive.”
Who Should Invest in LIC Dhan Rekha? (Investor Scenarios)
1. Young Parents
For planning child’s higher education or marriage with scheduled payouts.
2. Mid-aged Professionals
For ensuring safe, tax-efficient returns without market risk.
3. Business Families
Survival benefits can act as financial boosters during expansion phases.
4. Conservative Investors
Perfect for those who want guaranteed benefits instead of volatile stock market returns.
Real-Life Investor Examples
Example 1 – Mr. Verma (Age 30, SA ₹20 lakh, 40-year term)
- Premium: ₹1.2 lakh/year (20 years)
- Survival benefits: ₹2 lakh each at 20th, 25th, 30th, and 35th year
- Maturity: ₹12 lakh + Loyalty Additions (~₹6–8 lakh)
- Total returns: ~₹26–28 lakh
Example 2 – Mrs. Iyer (Age 40, SA ₹15 lakh, 20-year term)
- Premium: ₹95,000/year (10 years)
- Survival benefits: ₹1.5 lakh each at 10th & 15th year
- Maturity: ₹7.5 lakh + Loyalty (~₹3 lakh)
- Total return: ~₹13–14 lakh
Comparison with Other LIC Plans
| Plan | Type | Minimum SA | Best For | Returns |
|---|---|---|---|---|
| Dhan Rekha 863 | Guaranteed, Money-back | ₹2 lakh | Families, education, retirement | 5.5–6.5% |
| Bima Shree 748 | Premium Money-back | ₹10 lakh | HNIs, business families | 6–7% |
| Jeevan Anand 915 | Endowment | ₹1 lakh | Safe savings + insurance | 5.5–6% |
| Amritbaal 774 | Child Plan | ₹2 lakh | Child education/marriage | 5–6% |
Expert Insights
Advantages ✅
- Guaranteed money-back benefits
- Flexible terms (20/30/40 years)
- Suitable for milestone-based planning
- Tax-free returns
Limitations ❌
- Moderate returns compared to equity/MFs
- Long-term commitment required
- Limited liquidity (loans only after 2 years)
FAQs on LIC Dhan Rekha 863
Q1. What is the minimum premium of Dhan Rekha Plan?
👉 Based on ₹2 lakh SA, premiums may start at ₹15,000–₹20,000 annually.
Q2. Can NRIs invest in LIC Dhan Rekha?
👉 Yes, NRIs can purchase subject to underwriting conditions.
Q3. Does the plan provide guaranteed additions?
👉 No fixed guaranteed additions, but survival benefits + loyalty additions are assured.
Q4. Is this plan better than Fixed Deposits?
👉 FD rates may be higher sometimes, but LIC offers life cover + tax benefits + survival payouts, making it safer for families.
Q5. Can I surrender the policy early?
👉 Yes, surrender is allowed after 2 years with paid-up value.
Final Thoughts
The LIC Dhan Rekha Plan 863 is a guaranteed return money-back plan ideal for Indian families who want:
- Assured payouts at regular intervals
- Financial protection for family
- Safe, tax-efficient, and long-term wealth creation
While returns are moderate compared to equity, the combination of safety, life cover, and planned payouts makes Dhan Rekha a strong choice for conservative investors and milestone planners.
👉 If you are looking for a reliable insurance-cum-savings plan in 2025, LIC Dhan Rekha 863 should definitely be on your radar.
