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
Non-Participating Plan: The newly launched plan is a non-participating one, providing policyholders with unique benefits.
- Life Cover During Deferment: Jeevan Dhara II offers life cover during the deferment period, enhancing the financial security of policyholders.
- Higher Annuity Rates: The plan provides higher annuity rates as policyholders age, ensuring a secure and stable income stream in later years.
- Guaranteed Annuity from Inception: Prospective policyholders can enjoy the assurance of a guaranteed annuity right from the inception of the plan.
- Wide Range of Annuity Options: With 11 annuity options available, individuals can choose the one that best aligns with their financial goals and preferences.
- Flexible Entry Age: The plan allows for a minimum entry age of 20 years, making it accessible to a broad range of individuals.
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
- LIC’s Jeevan Dhara II: New deferred annuity plan with non-participating features, offering life cover during deferment and higher annuity rates with age.
- Guaranteed Annuity: Assures policyholders of a guaranteed annuity from the plan’s inception.
- Annuity Options: 11 diverse annuity options cater to individual financial preferences and goals.
- Flexible Entry: Minimum entry age of 20 years enhances accessibility.
- Loan Facility: Available during or after deferment, especially under annuity options with return of premium/purchase price.
Important Questions Related to Exams
- What is the name of LIC’s new deferred annuity plan?
- How many annuity options are available in Jeevan Dhara II?
- What type of plan is Jeevan Dhara II?
- What does Jeevan Dhara II offer during the deferment period?
- What is the minimum entry age for Jeevan Dhara II?
Kindly share your responses in the comment section!!