LIC Jeevan Dhara-2 Plan 872 pension (annuity) plan – Premium and Maturity Calculator
LIC Jeevan Dhara-2 Plan 872
LIC Jeevan Dhara-2 Plan 872 is a single and regular premium annuity (pension) plan.
Description
LIC Jeevan Dhara-2 Plan 872
LIC of India has introduced Jeevan Dhara-2 plan 872, a new individual, savings, deferred annuity (pension) plan. LIC Jeevan Dhara-2 Plan 872 is available for sale from 22nd, January 2024. The annuity is guaranteed from inception and 11 annuity options are available to prospective policyholders. There is higher annuity rates at higher ages and life cover will be available during the deferment period.
The minimum age at entry should be 20 years (last birthday) and maximum 80, 70, 65 years minus the deferment period depending upon the annuity option chosen. There is flexibility to choose from, including regular and single premium; single life and joint life annuity; and available deferment period.
Other features of the non–linked, non–participating plan, subject to certain conditions, include incentive by way of increase in the annuity rate for high premium/purchase price/for online sale; top-up annuity and option to receive a lump-sum amount in return of reduction in annuity payments.
The Unique Identification Number (UIN) for LIC’s Jeevan Dhara-II is UIN: 512N364V01
Key Features
- The annuity is guaranteed from inception and 11 annuity options are available to prospective policyholders.
- There is higher annuity rates at higher ages.
- Life cover is available during deferment period.
- There is 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). Annuity Option once chosen cannot be altered.
- There is an option to increase the Annuity (Top-up annuity) under the policy by paying additional premium as a Single Premium and at any time during the deferment period only and while the policy is in-force.
- Option to take death claim proceeds 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 available under annuity options with Return of Premium/ Purchase Price.
- Loan facility shall be available during or after the deferment period under annuity options with Return of Premium/ Purchase Price.
Annuity Options
LIC Jeevan Dhara-2 Plan 872 Parameter/Eligibility
Death Benefit
• (A)Single Life: (Options 1 to 7 and 10)
• Death During Deferment period:
• 105% of Total Premiums Paid upto the date of death shall be payable to nominee(s)
• Death After Deferment period: Annuity payment Ceases
• For Life Annuity without return of Purchase Price:(Option 1)
• No Death Benefit is payable and policy will Terminate
• For Annuity options with return of Purchase Price: (Options 2 and 10)
• 100% of Total Premiums Paid shall be payable to nominee(s)
• For Annuity options with return of Purchase Price after attaining ages 75/80/76 to 95 years:(Options 3 to 7)
• 100% of Total Premiums Paid Less Sum of Early Return of Premium already paid till the date of death, if any, shall be payable to
nominee(s)
• (B)Joint Lives (Options 8,9 & 11)
• Death During Deferment period:
• On First Death (of either of the covered lives):
• No Death Benefit shall be payable and policy shall continue with payment of due Premiums, if any
• On death of the last survivor:
• Death Benefit equal to 105% of Total Premiums Paid upto the date of death shall be payable to nominee(s)
• Death After Deferment period:
• On First Death (of either of the covered lives): ( Options 8, 9 & 11)
• No Death Benefit shall be payable and 100% of the annuity amount shall continue to be paid as long as the last survivor is alive.
• On death of the last survivor: Annuity payment Ceases
• Option 8: Life Annuity without return of Purchase Price
• No Death Benefit is payable and policy will Terminate
• Option 9 and 11 with return of purchase price:
• 100% of Total Premiums Paid shall be payable to nominee(s)
Surrender
Under Single Premium Policies: Can be surrendered, any time on payment of Purchase Price.
• Under Regular Premium Policies: Can be surrendered, any time during or after Deferment Period provided
premiums have been paid for at least two consecutive years.
Loan
Available under the options with Return of Premiums
• Within Surrender Value
• During or after the deferment period
• Maximum loan amount such that loan interest should not exceed 50% of the annual annuity payable, subject to
max 80% of the Surrender Value
Revival
Can be done within a period of 5 consecutive years from the date of First Unpaid Premium
Liquidity Option
• Liquidity facility is for annuities with return of premium option only (Under Annuity Options 2, 9, 10 and 11)
• Option to receive portion of the premium/purchase price after 5 years from the commencement of the
annuity
• Annuity and other benefits will proportionately reduced
• Liquidity facility not applicable for topup payments
• Can be exercised maximum 3 times under the policy
• Cannot exceed 60% of total premiums paid
Minimum Yearly Premium(Regular Premium)
Minimum Purchase Price for Single Premium
कैसे खरीदें ?
आप इस प्लान को ऑफलाइन यानी की एलआईसी एजेंटों के माध्यम से खरीद सकते हैं।
Or Call @ 9990190909
Email- [email protected]
Is my Health Agency Safe ? I was in ApolloMunich Health Insurance
APOLLO MUNICH HEALTH INSURANCE is now become HDFC ERGO HEALTH INSURANCE As you are aware that HDFC ERGO is General Insurance Company and Apollo Munich was only serving in HEALTH INSURANCE. Health Insurance Agency License of APOLLO MUNICH was allotted based on your...
LIC OF INDIA FORM DOWNLOAD
Pls DONATE minimum Rs.01.00 on Every Download to PhonePay #- 9891423442, Google Pay # - 9891423442 for Support of Poor Children Education. You can give smile to one face. LIC Q-EE FORM LIC Annuity FROM KeyMan-C KeyMan-B KeyMan-A KeyMan 5074 4104B 4104A 3815A 3815...
BEST ICICI LOMBARD COMPLETE HEALTH INSURANCE – How to take Online by link
Check Premium online CLICK HERE ICICI Lombard iHealth Insurance Review ICICI Lombard offers policy named iHealth complete health insurance plan. There are several individuals these days who are opting for ICICI Lombard iHealth Insurance these days compared to other...
Looking to buy term insurance? Buy now or pay up to 40% more!
Term insurance is an excellent & affordable way to secure your family’s financial future in your absence. Term insurance plans not only protect one’s family financially in case of their sudden demise but also provide comprehensive coverage from a range of...
IRDAI Mandates Standard Individual Covid Insurance Cover From June 15
Life Insurance is Even More important Now
[caldera_form id="CF5ef8cbb94e17b"]
How to Surrender LIC Policy ?
The LIC (Life Insurance Company) as it’s one of the best insurance companies in India. This company allows you to surrender the LIC policy. If you are looking for a step by step guide on how to surrender LIC policy then you are at the right place. Here is a step by...
LIC MERCHANT COMPLAINT
MERCHANT LOG IN HERE LIC is one of the biggest Insurence companies in India in which many problems and complaints occur. For helping customers LIC has made LIC Helpline No. 022 6827 6827 which is available 24*7 at phone service. Kolkata Zone Address 24, Chittaranjan...
LIC MERCHANT LOGIN
MERCHANT LOG IN HERE LIC merchant is those individuals who are involved in the premium collection process by LIC of India. Merchants work like a link between Policy buyers and the LIC of India. LIC merchant looks for details about Premium collection and also updates...
HDFC Ergo Health Suraksha or HDFC Ergo Optima Restore ?
As you are aware that Apollo Munich has now become HDFC Ergo but plan of both company is different. If you want to purchase Optima Restore then you will have to visit www.apollomunichhealthinsurance.com and if you want to purchase Health Suraksha then you will have to...
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.