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‘Dhan Rekha’- Individual Savings Life Insurance Plan

Published on December 16, 2021
Current Context: The Life Insurance Corporation of India (LIC) has launched an individual savings life insurance plan with the name ‘Dhan Rekha’.
‘Dhan Rekha’- Individual Savings Life Insurance Plan
  • It is the new non-linked, non-participating individual savings life insurance plan.
  • It offers special premium rates for female lives.
  • It is also launched for the third gender by adding that all benefits under the plan.
  • The benefits offered under the plan are fully guaranteed.
  • The minimum sum assured under Dhan Rekha’ insurance plan is Rs 2 lakh and there is no upper limit on the maximum sum assured.
  • The age group who can avail of the plan should be in the range of 90 days to 8 years. And the maximum age at the entrance should be in the range of 35 to 55 years.
  • Loan facility is also granted under this plan.
  • Static Part: 
    • HQ of LIC: Mumbai
    • Chairperson of LIC: M R Kumar

Question: 

Q.1 Which insurance company launched ‘Dhan Rekha’, an individual savings life insurance plan?
a. Life Insurance Corporation of India
b. Aegon Life Insurance Co. Ltd.
c. New India Assurance Co. Ltd.
d. Bajaj Allianz Life Insurance
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