LIC will give a gift to the country on the day of Pran Pratistha, there will never be shortage of money.

The country’s largest insurance company is going to give a big gift to crores of people of the country. The common people will get this gift in the Ram temple of Ayodhya where Lord Ram will reside. Yes, LIC has launched a new insurance policy Jeevan Dhara II for the common people, which will be available from January 22. This is an individual, savings and deferred annuity plan. Also, it is a non-linked and non-participating annuity scheme.

According to the information given by LIC, LIC Jeevan Dhara II can be purchased from 22 January 2024 in both online and offline mode. According to the information given by LIC, the minimum age for entry into Jeevan Dhara II policy is 20 years. And the maximum age for entry into the policy can be 80/70/65 years, depending on the annuity option selected.

According to LIC, annuity guarantee is being given since the beginning. The most important thing is that in this scheme, 11 annuity options have been made available to the policyholders. Apart from this, there is also a provision for higher annuity rates at older ages.

Highlights of LIC Jeevan Dhara II

1. In this insurance policy, cover is given during the deferment period.
2. Your annuity can be increased by paying extra premium during the deferment period or at the inception of the policy.
3. There is an option to take the death claim amount as annuity or in installments.
4. You have also been given the option of liquidity in this policy.
5. In this insurance scheme, you also get the facility of loan along with the premium/purchase price during the deferment period.

Annuity options of LIC scheme

Regular Premium – Deferment period is from 5 years to 15 years. Single Premium – Deferment period is from 1 year to 15 years. The third option is Single Annuity and Joint Annuity.

Can’t change options again

According to LIC, whoever wants to take this policy can choose the annuity option as per his need. Apart from this, there are many methods of annuity payment like annual, half yearly, quarterly and monthly. However, it is very important to keep in mind that once the annuity option is chosen, it cannot be changed.

This scheme was launched

On December 7, 2023, LIC launched Jeevan Utsav Bima Yojana, a guaranteed lifetime income plan. Depending on the premium payment term selected (Regular Income to Flexi Income), 10% of the Sum Assured is paid back annually after a specified number of years.