LIC Jeevan Dhara 2 Benefits, Features, And Eligibility, Maturity Details

LIC will launch a non-participating product, LIC Jeevan Dhara 2, on 22 January 2024. The corporation is among the most trusted options that people choose for health and life insurance. It is an individual savings deferred annuity plan. Apart from that, LIC also provides a non-participating individual savings whole life insurance product – Jeevan Utsav. This plan will have a minimum age requirement of 20 years. Following are more details about the LIC’s new Jeevan Dhara II. Let us have a look at the features, eligibility, and benefits of LIC Jeevan Dhara 2 Benefits and policy Maturity details below.

LIC Jeevan Dhara 2

LIC Jeevan Dhara 2 is a new annuity plan with guaranteed income. Everyone is curious to know more about the details of this plan. The Jeevan Dhara II is available in three options. Regular Premium, Single Premium, and Single Life Annuity, and Joint Life Annuity. The Regular premium will have a deferment period from 5 years to 15 years. The Single Premium will have a deferment period from 1 year to 15 years.

The minimum age requirement for the plan is 20 years. The insurance coverage will be available during the policy’s deferment period only. There will be some incentives for some categories as well. The maximum age will be 80,70,65 years minus the deferment period depending upon the annuity option chosen. 

The insured can take the money in lumpsum or installments for the death claims. There will be other options available such as a loan facility. The assured will receive the benefits under the in-force policy on survival/death. LIC launched another policy previously. It was the Jeevan Utsav Insurance Plan. Many people preferred it as well. 

LIC is also giving the option to increase the annuity. If the policy is in force, you can pay an additional premium as a single premium and take the benefits. LIC has different plans for life insurance. Customers all around the country choose it as their option. LIC has been operating since 1 September 1956. It’s been almost 67 years for the company. The insurance industry is getting a boom with its establishment. The act of Life Insurance of India led to the beginning of life insurance in India. Over time, more and more people secured a life cover with LIC. They have an increase in their customer base every year. We hope you get enough details about the LIC policy above.

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