 Agencies
New Delhi, Jan 19:
In a move to empower individuals with robust financial planning options, Life Insurance Corporation of India (LIC) has unveiled its latest offering, LIC’s Jeevan Dhara II (Plan 872), set to hit the market on January 22, 2024. The plan is designed as an Individual, Savings, Deferred Annuity Plan, catering to a diverse range of policyholders.Minimum Age at Entry: 20 years (last birthday) for Annuitant/Primary/Secondary Annuitant.Maximum Age at Entry: 80, 70, 65 years minus the deferment period, depending on the annuity option chosen.The annuity is guaranteed from inception, providing stability and financial security.
11 annuity options available, with higher rates for individuals at advanced ages.
Policyholders benefit from life cover during the deferment period, enhancing overall protection.
Options for Regular Premium and Single Premium payment modes. Choose between Single Life Annuity and Joint Life Annuity.
Select the deferment period according to personal requirements (from 5 to 15 years for Regular Premium, and 1 to 15 years for Single Premium).
Annuity payment modes include yearly, half-yearly, quarterly, and monthly. High premiums and purchase prices for online sales are rewarded with increased annuity rates.
Existing policyholders, nominees, and beneficiaries of the Corporation also enjoy incentives. Policyholders can increase the annuity through top-up annuity by paying an additional single premium during the deferment period.
Options to receive death claim proceeds as lump-sum, annuitization, or in installments.
Policyholders can opt for a lump-sum amount in return for a reduction in annuity payments, along with other benefits available under annuity options with the return of premium/purchase price.
Availability of loan facility during or after the deferment period under annuity options with the return of premium/purchase price.
The plan is classified as a Non-Linked, Non-Participating Plan, offering stability and predictability.
The plan is available for purchase both offline through agents/intermediaries and online directly through the official website www.licindia.in. |
