LIC’s Jeevan Dhara-II is a Non-Linked, Non-Participating, Individual, Savings, Deferred Annuity plan. The annuity rates are guaranteed at the inception of the policy and annuities are payable post Deferment Period in arrears throughout the lifetime of Annuitant(s). This is a non-participating product under which benefits payable on death or survival are guaranteed and fixed (as per the chosen Annuity Option) irrespective of actual experience. Hence the policy is not entitled to any discretionary benefits like bonus etc. or share in Surplus.

This Plan can be purchased Offline through agents / other intermediaries as well as Online directly through the website www.licindia.in.

Key Features:

• Wide range of annuity options to suit your needs.

• Flexibility to choose from:

  • Regular Premium and Single Premium.

  • Single Life Annuity and Joint Life Annuity.

  • Available Deferment Period [from 5 years to 15 years (in case of Regular Premium) and from 1 year to 15 years (in case of Single Premium)] i.e. when to start annuity payments as per your requirements.

  • Mode of Annuity payments (yearly, half-yearly, quarterly and monthly).

• High Premium Incentive.

• Incentive for existing Policyholders/ Nominee/Beneficiary of the Corporation.

• Top-up Annuity i.e. Option to increase the annuity by paying additional premium at any time during the Deferment Period.

• Option to take death benefit as Lump-sum, in the form of Annuitisation or in instalments.

• Liquidity Option i.e. option to receive a lump-sum amount in return of reduction in annuity payments and other benefits.

• Advanced Annuity Option in case of Joint Life Annuity Options with Return of Premium i.e. option to the surviving Annuitant [on first death (of either of the covered lives)] to withdraw discounted cash value of annuity payable during the ‘Advance Annuity Period’ as a lump-sum.

Annuity Options:

The available annuity options under this plan are as under:

Annuity option once chosen cannot be altered.