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Plan No. 872Deferred Annuity
LIC's Jeevan Dhara II
"Guaranteed pension with premium return options."
A non-linked, participating, individual, savings, deferred annuity plan.
Key Features
- ✓Multiple premium payment options.
- ✓Higher annuity rates at higher ages.
Eligibility Criteria
Minimum Age20 Years
Maximum Age80 Years
Minimum Term1 to 15 Years (Deferment)
Maximum Term1 to 15 Years (Deferment)
Min Sum AssuredDependent on minimum annuity
Max Sum AssuredNo Limit
Plan Benefits
Death Benefit
Death benefit payable during and after deferment.
Survival Benefit
Regular annuity.
Maturity Benefit
N/A
Real-World Example
Profile45-Year-Old Male
Sum AssuredDeferred Pension Plan
Term DetailsWhole Life (10 Yr Premium Term, 10 Yr Deferment)
Annual Premium₹ 1,00,000 / Year
Expected Returns₹ 1,20,000 / Year Pension for Life
How it Works
Unlike single-premium pensions, he builds his pension over time by paying ₹ 1 Lakh yearly for 10 years. At age 55, he stops paying and starts receiving ₹ 1.2 Lakhs annually for life.