LIC Jeevan Dhara-II Plan-864: Planning for a financially secure retirement is one of the most important decisions in life. LIC Jeevan Dhara II is a traditional deferred annuity plan tailored for individuals looking to build a robust financial safety net for their golden years. It combines guaranteed pension benefits with optional add-ons to ensure that your post-retirement life is stress-free and independent.
With LIC Jeevan Dhara-II Plan-864, you can create a steady income stream for your retirement while enjoying life insurance protection during the premium payment period. It’s a comprehensive solution for anyone seeking a stable future.
What is LIC Jeevan Dhara-II Plan-864?
LIC Jeevan Dhara II is a deferred annuity plan, meaning you pay premiums now to receive a regular pension in the future. It is designed for those who wish to plan their retirement well in advance. The plan ensures a steady income after a specific period while offering death benefits to your family if something unfortunate happens during the premium-paying term.
It is an ideal choice for individuals looking for guaranteed, risk-free pension benefits combined with life coverage.
Key Features of LIC Jeevan Dhara-II Plan-864
- Deferred Annuity: You pay premiums during the policy term, and upon vesting, you receive a pension for life.
- Guaranteed Benefits: Ensures a steady income stream post-retirement with no market-linked risks.
- Death Benefit: Provides financial support to your family in case of your demise during the policy term.
- Flexible Annuity Options: Choose from different pension modes such as monthly, quarterly, half-yearly, or yearly.
- Loan Facility: Avail of loans against the policy after specific conditions are met.
- Tax Benefits: Enjoy tax exemptions on premiums paid and payouts received under applicable tax laws.
Why Choose LIC Jeevan Dhara II?
- Retirement Security: Guarantees a stable income for your retirement, ensuring you maintain your lifestyle without financial worries.
- Life Insurance Protection: Safeguards your family during the premium-paying term with a death benefit.
- Flexibility: Offers multiple premium payment and pension payout options to suit your financial goals.
- Liquidity Options: Provides the flexibility to take a loan against the policy if needed.
- No Market Risks: The plan provides guaranteed returns, making it suitable for individuals who prefer stable outcomes over volatile investments.
Eligibility for LIC Jeevan Dhara II Plan
| Feature | Details |
|---|---|
| Minimum Entry Age | 18 years |
| Maximum Entry Age | 65 years |
| Policy Term | Varies based on the selected annuity term |
| Premium Payment Modes | Single, Yearly, Half-Yearly, Quarterly |
| Annuity Start Age (Vesting) | Determined at the time of policy purchase |
| Loan Facility | Available after paying premiums for a specified duration |
Benefits of LIC Jeevan Dhara II Plan
- Pension Guarantee: Provides lifelong annuity payments, ensuring steady post-retirement income.
- Death Benefit: During the premium-paying term, your nominee receives a lump sum amount in the event of your demise.
- Loan Facility: You can borrow against the policy during emergencies, offering liquidity when required.
- Tax Savings: Premiums paid and annuity payouts may qualify for tax exemptions under Sections 80C and 10(10D) of the Income Tax Act.
- Customizable Payouts: Choose the annuity mode that best suits your financial requirements.
How to Apply for LIC Jeevan Dhara-II Plan-864?
- Visit your nearest LIC branch or their official website.
- Discuss your financial goals with an LIC representative to determine the best policy term and premium payment mode.
- Fill out the application form and submit required documents (identity proof, address proof, and age proof).
- Make your first premium payment as per the chosen payment frequency.
- Once approved, your policy will commence, ensuring future financial security.
FAQs1. What is a deferred annuity plan?
A deferred annuity plan like LIC Jeevan Dhara II allows you to pay premiums during the policy term and receive a pension after the vesting date.
2. Can I take a loan against this policy?
Yes, you can avail of a policy loan after paying premiums for a specified period, offering liquidity during financial emergencies.
3. Does LIC Jeevan Dhara II offer tax benefits?
Yes, the premiums paid and payouts received under this plan may qualify for tax benefits under Sections 80C and 10(10D) of the Income Tax Act.
4. What happens if the policyholder passes away during the premium-paying term?
In case of the policyholder’s demise, a death benefit is provided to the nominee, ensuring financial security for the family.
5. What are the payout options available under LIC Jeevan Dhara II?
You can choose to receive your annuity payments monthly, quarterly, half-yearly, or annually, depending on your financial needs.
Conclusion
LIC Jeevan Dhara II is an excellent choice for anyone looking to secure a financially independent retirement. With guaranteed annuity payouts, life insurance protection, and flexible premium payment options, this plan provides comprehensive financial security.
Whether you’re planning for your retirement or seeking peace of mind for your family’s future, LIC Jeevan Dhara II ensures stability and confidence in your golden years.
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