LIC Jeevan Dhara-2 Pension plan

Mr. Sivakasi Manikandan, MBA (F&M), [MBA, I & FP], 

FChFP, CIS, AMFI, CII (London)

LIC Jeevan Dhara-2 Plan 872

LIC has introduced Jeevan Dhara-2 plan 872, a new individualsavingsdeferred annuity (pension) plan. LIC Jeevan Dhara-2 Plan 872 is available for sale from 22nd, January 2024. The annuity is guaranteed from inception and 11 annuity options are available to prospective policyholders. There is higher annuity rates at higher ages and life cover will be available during the deferment period.

The minimum age at entry should be 20 years (last birthday) and maximum 80, 70, 65 years minus the deferment period depending upon the annuity option chosen. There is flexibility to choose from, including regular and single premiumsingle life and joint life annuity; and available deferment period.

Other features of the non-linkednon-participating plan, subject to certain conditions, include incentive by way of increase in the annuity rate for high premium/purchase price/for online sale; top-up annuity and option to receive a lump-sum amount in return of reduction in annuity payments.

The Unique Identification Number (UIN) for LIC's Jeevan Dhara-II is UIN: 512N364V01

Key Features


  • The annuity is guaranteed from inception and 11 annuity options are available to prospective policyholders.
  • There is higher annuity rates at higher ages.
  • Life cover is available during deferment period.
  • There is flexibility to choose from:
    • Regular Premium and Single Premium.
    • Single Life Annuity and Joint Life Annuity.
    • Available Deferment Period [from 5 years to 15 years (in case of Regular Premium) and from 1 year to 15 years (in case of Single Premium)] i.e. when to start annuity payments as per your requirements.
    • Mode of Annuity payments (yearlyhalf-yearlyquarterly and monthly). Annuity Option once chosen cannot be altered.
  • There is an option to increase the Annuity (Top-up annuity) under the policy by paying additional premium as a Single Premium and at any time during the deferment period only and while the policy is in-force.
  • Option to take death claim proceeds as Lump-sum, in the form of Annuitisation or in instalments.
  • Liquidity Option i.e. option to receive a lump-sum amount in return of reduction in annuity payments and other benefits available under annuity options with Return of Premium/ Purchase Price.
  • Loan facility shall be available during or after the deferment period under annuity options with Return of Premium/ Purchase Price.

For More details and Investing

 

Mr. Sivakasi Manikandan, MBA (F&M), [MBA, I & FP], 

FChFP, CIS, AMFI, CII (London)

Managing Director - AISMONEY

No. 21, MBT Road, (Opp) Indian Bank, Walajapet  - 632 513
Ranipet Dt. TN, India.

+ 91 98405 77675
+ 91 96777 66393  (Office)
 
support@aismoney.com

http://www.aismoney.com/

 

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