April 17, 2024

The Jeevan Dhara II saving and annuity plan, from Life Insurance coverage Company of India (LIC), gives a protected various for individuals who are aware of market dangers. The scheme, which was unveiled on January 19 by LIC Chairman Siddhartha Mohanty, is now taking functions by means of January 22, 2024.

That is meant to be a person financial savings plan with pushed-back annuity advantages, Jeevan Dhara II affords life insurance coverage all through the deferral interval and will increase annuity charges as an individual turns into older.

Key Options Of Jeevan Dhara II 

Assured Annuity

From the beginning, policyholders are promised a assured annuity, with 11 totally different potentialities. 

Greater Annuity Charges

When individuals become old, the scheme ensures larger annuity charges.

Life Cowl Throughout Deferment

The provision of life insurance coverage all through the deferral interval strengthens the coverage’s protecting components.

Mortgage Facility

A lending facility is supplied by annuity decisions that permit a return of premium or buy worth both throughout or after the deferral time period.

Eligibility And Age Standards

To be eligible for Jeevan Dhara II, an individual should be at the very least 20 years previous as of their final birthday. The utmost age of enrollment is 80, 70, or 65 years previous much less the ready time period, relying on the annuity sort chosen.

Advantages Supplied

Reward for Extreme Premiums

By elevating the annuity charge for top premiums, buy costs, on-line gross sales, and top-up annuities, the plan affords an incentive.

Flexibility in Payouts

In alternate for a decrease annuity payout, candidates might select to obtain a lump sum settlement.


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