LIC Jeevan Dhara Policy: Best Policy for Retirement Planning
This policy offers several benefits that align with the goals of those seeking early retirement.
LIC Jeevan Dhara policy: Life Insurance Corporation Jeevan Dhara policy can be a valuable tool especially for young couples. This policy offers several benefits that align with the goals of those seeking early retirement. LIC Jeevan Dhara Policy: Best Policy for Retirement Planning.
With its focus on financial security, flexible options, tax benefits and early retirement plans, this policy can serve as an invaluable asset in achieving the goal of financial independence and early retirement.
LIC Jeevan Dhara-II Scheme 872
LIC of India has launched a new Personal Retirement Savings Scheme, Jeevan Dhara-II Yojana 872. It is available for purchase from January 22, 2024. The scheme guarantees annuity payments from inception and offers 11 annuity options. Higher annuity rates are available for senior citizens and the policyholder has life cover during the deferment period.
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LIC Jeevan Dhara-II Scheme 872: Key Features
1) Wide range of annuity options to suit your needs.
2) Flexibility to choose:
– Regular premium and single premium.
-Single life annuity and joint life annuity.
-Deferral period available [5 years to 15 years (in case of regular premium) and 1 year to 15 years (in case of single premium)] i.e. when to start annuity payments as per your requirements.
3) Method of annuity payments (annual, half-yearly, quarterly and monthly).
4) High premium incentives.
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5) Incentive to existing policyholders/ nominees/ beneficiaries of the Corporation.
6) Top-up annuity means option to increase the annuity by paying additional premium at any time during the deferral period.
7) Option to take death benefit as lump sum, annuity or instalments.
8) Liquidity option i.e. option to receive lump sum in return for reduction in annuity payments and other benefits.
9) In case of return of premium in case of option of joint life annuity, i.e. to the surviving annuitant [in case of first death (of the covered lives)] ‘to withdraw the discounted cash value of the annuity payable at the time of advance annuity. period’ as a total amount.
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