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Welcome to an in-depth look at LIC Jeevan Dhara II, an exceptional deferred annuity plan from Life Insurance Corporation of India (LIC). As the Best LIC Agent in Kolkata, I’m here to help you understand the nuances of this plan and how it can secure your financial future. To purchase an LIC plan, you can call me directly at 7980031260.
Table of Contents
Key Takeaways
- LIC Jeevan Dhara II offers a variety of flexible annuity options tailored to meet different financial needs.
- It ensures guaranteed annuity rates and provides a steady income stream post-retirement.
- The plan includes death benefits and liquidity options, adding to its appeal.
What is LIC Jeevan Dhara II?
LIC Jeevan Dhara II is a non-linked, non-participating, individual savings plan that provides deferred annuity benefits. The annuity rates are guaranteed at the inception of the policy, and annuities are payable post-deferment period throughout the lifetime of the annuitant(s).
Key Features of LIC Jeevan Dhara II
- Wide Range of Annuity Options: Tailor your plan with single or regular premiums, single or joint life annuities, and deferment periods ranging from 1 to 15 years.
- Flexible Annuity Payments: Choose from yearly, half-yearly, quarterly, or monthly annuity payments.
- High Premium Incentives: Enjoy benefits for higher premium payments.
- Additional Premiums: Increase your annuity with top-up options during the deferment period.
- Death Benefit Options: Opt for lump-sum payments, annuitisation, or installments for the death benefit.
- Liquidity Options: Receive a lump-sum amount in exchange for reduced annuity payments.
- Advanced Annuity Options: Joint life annuities with the option to withdraw the discounted cash value of the annuity as a lump-sum on the first death.
Annuity Options
Here’s a breakdown of the various annuity options available under LIC Jeevan Dhara II:
| Premium Payment | Annuity Type | Annuity Options |
|---|---|---|
| Regular Premium | Single Life Annuity | 1. Life annuity for Single Life. 2. Life annuity with Return of Premium for Single Life. 3. Life annuity with 50% Return of Premium after age 75 for Single Life. 4. Life annuity with 100% Return of Premium after age 75 for Single Life. 5. Life annuity with 50% Return of Premium after age 80 for Single Life. 6. Life annuity with 100% Return of Premium after age 80 for Single Life. 7. Life annuity with 5% Return of Premium after age 76 to 95 for Single Life. |
| Regular Premium | Joint Life Annuity | 8. Life annuity for Joint Life. 9. Life annuity with Return of Premium for Joint Life. |
| Single Premium | Single Life Annuity | 10. Life annuity with Return of Purchase Price for Single Life. |
| Single Premium | Joint Life Annuity | 11. Life annuity with Return of Purchase Price for Joint Life. |
Eligibility Conditions
- Minimum Age at Entry: 20 years
- Maximum Age at Entry: Depends on the chosen annuity option, ranging from 65 to 80 years.
- Minimum Vesting Age: 31 to 35 years, depending on the option.
- Maximum Vesting Age: 70 to 80 years, depending on the option.
- Deferment Period: 1 to 15 years.
- Minimum Premium: Varies based on the annuity option and deferment period.
Benefits of LIC Jeevan Dhara II
- Survival Benefits: Guaranteed annuity payments post-deferment.
- Death Benefits: Varies based on the chosen annuity option. For example, 105% of total premiums paid up to the date of death under certain options.
Conclusion
LIC Jeevan Dhara II is a comprehensive and flexible plan designed to provide financial stability post-retirement. As the Best LIC Agent in Kolkata, I can guide you through the process of selecting the right annuity option to suit your needs. For more details or to purchase a plan, call me directly at 7980031260.
FAQ
What is the deferment period?
The deferment period is the time from the policy start date to the date when annuity payments begin. It ranges from 1 to 15 years.
Can I increase my annuity?
Yes, you can opt for top-up annuities by paying additional premiums during the deferment period.
What happens if the annuitant dies during the deferment period?
A death benefit equal to 105% of the total premiums paid up to the date of death is payable.
Are there any bonuses or discretionary benefits?
No, LIC Jeevan Dhara II is a non-participating plan, so no bonuses or discretionary benefits are available.
How are annuity payments made?
Annuity payments can be made yearly, half-yearly, quarterly, or monthly, based on the policyholder’s preference.
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