Jeevan Dhara-II

What this product is

A deferred annuity plan letting you invest a lump sum (or premiums over time) now and start receiving a guaranteed pension after a chosen deferment period.

You might need this if…

• You might need this if you want to lock in an annuity rate today but delay the start of your pension to a future date.
• You might need this if you're several years from retirement and want a guaranteed, non-market-linked income plan to complement other investments.
• You might need this if you want death benefit protection for your family during the deferment period, not just after payouts begin.
• You might need this if you want the flexibility of choosing between single-premium and regular-premium payment routes.

How it actually works

• You pay a lump sum or premiums over a period, then after a chosen deferment period, the plan starts paying a guaranteed regular annuity for life.
• Both single-life and joint-life annuity options are typically available.
• If death occurs during deferment, the plan generally returns the purchase price (or premiums with additions); after annuity commencement, similar death benefit rules can apply depending on the option chosen.
• A loan facility against the surrender value is typically available once the policy has run for a minimum period.

Worth knowing before you decide

• This plan's brochure could not be retrieved after repeated attempts (the LIC server returned errors each time); details above are based on general knowledge of this product category rather than the current official brochure - confirm exact figures with LIC.
• Surrendering during the deferment period generally returns less than what you've paid in, due to surrender charges.
• Once the annuity starts, the income is fixed and doesn't adjust for inflation in the base plan.

Official source

Not available in the current product data — this insurer has not published a standalone brochure PDF for this plan; the notes above are drawn from their official product page instead.

Learn about this category

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