Money Saving Scheme : Everyone wants to become a millionaire in his life. This is not possible for everyone. It is not easy to save amid low income and expenses. But by taking advantage of some schemes, you can create a fund worth crores even with small investments. One of such schemes is the government scheme “Dhan Rekha Scheme”. This scheme is operated by LIC.
About the scheme
LIC Dhan Rekha Scheme is a money-back insurance policy. Which is a mixture of both protection and savings. A huge amount is received during maturity. If the policyholder dies before this, financial assistance is provided to the family.
Many facilities are available under the scheme. Special discounts are available on purchasing premium online. Loan can also be taken on the basis of investment policy. A free look period of 15 days is available.
This is the calculation
If a person starts investing in the policy at the age of 30 years. For a sum assured of Rs 50 lakh, Rs 9996 will have to be deposited every year. Apart from this, also choose the option of Accident Death Benefit Rider. Accordingly, the policyholder will have to pay Rs 833 and monthly premium every month.
In such a situation, the investor will have to save about Rs 28 daily. If the unfortunate investor dies during an accident, his family gets Rs 50 lakh accidental death benefit along with Rs 50 lakh sum assured.
