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LIC Introduces Jeevan Dhara II Deferred Annuity Plan

Unveiled by LIC Chairman Siddhartha Mohanty, the new Jeevan Dhara II plan offers a non-participating, individual savings, deferred annuity option. The plan provides life cover during the deferment period and boasts a higher annuity rate at advanced ages.

Jeevan Dhara II: Key Features

  1. Non-Participating Plan: The newly launched plan is a non-participating one, providing policyholders with unique benefits.

  2. Life Cover During Deferment: Jeevan Dhara II offers life cover during the deferment period, enhancing the financial security of policyholders.
  3. Higher Annuity Rates: The plan provides higher annuity rates as policyholders age, ensuring a secure and stable income stream in later years.
  4. Guaranteed Annuity from Inception: Prospective policyholders can enjoy the assurance of a guaranteed annuity right from the inception of the plan.
  5. Wide Range of Annuity Options: With 11 annuity options available, individuals can choose the one that best aligns with their financial goals and preferences.
  6. Flexible Entry Age: The plan allows for a minimum entry age of 20 years, making it accessible to a broad range of individuals.
  7. Loan Facility: Policyholders can avail a loan facility during or after the deferment period, particularly under annuity options with a return of premium/purchase price.


The Jeevan Dhara II plan is set to go on sale starting January 22, providing a valuable opportunity for individuals to secure their financial future through this individual, savings-oriented deferred annuity plan.

Important Takeaways For All Competitive Exams

  1. LIC’s Jeevan Dhara II: New deferred annuity plan with non-participating features, offering life cover during deferment and higher annuity rates with age.
  2. Guaranteed Annuity: Assures policyholders of a guaranteed annuity from the plan’s inception.
  3. Annuity Options: 11 diverse annuity options cater to individual financial preferences and goals.
  4. Flexible Entry: Minimum entry age of 20 years enhances accessibility.
  5. Loan Facility: Available during or after deferment, especially under annuity options with return of premium/purchase price.

Important Questions Related to Exams

  1. What is the name of LIC’s new deferred annuity plan?
  2. How many annuity options are available in Jeevan Dhara II?
  3. What type of plan is Jeevan Dhara II?
  4. What does Jeevan Dhara II offer during the deferment period?
  5. What is the minimum entry age for Jeevan Dhara II?

Kindly share your responses in the comment section!!


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