Life Insurance Corporation of India LIC launched its new insurance plan named ‘LIC Jeevan Dhara 2’. It is an insurance plan by the name of Jeevan Dhara II. It will be a deferred annuity plan with a minimum age of 20 years for the insurance policyholder. While, the maximum age can be any age, 80,70, or 65 minus the deferment period. Everyone is eagerly awaiting more information about this new policy. Let us look at some benefits of using the LIC Jeevan Dhara 2 Calculator Online below.
LIC Jeevan Dhara 2 calculator can have a lot of benefits to use. It can be useful to calculate the accurate amounts you will get on your insurance policy. There have been several benefits of the Jeevan Dhara II like an increase in annuity with an additional premium. LIC Jeevan Dhara 2 calculator usage is described below. For example, Mr. X is giving Rs. 1 lakhs in premium for 15 years starting from the age of 45 years, he will get Rs. 30,000 per month on his retirement as a pension plan. However, if he dies earlier, his family will get the amount of Rs. 15 Lkahs, either in lumpsum or in installments.
LIC Jeevan Dhara 2 will have several advantages. There are several options in this plan of LIC Jeevan Dhara 2. They are as follows. The first one has the following benefits. The minimum age for this plan is 20 years with minimum pension age of 35 years. However, the maximum age is 80 years. The lifetime pension starts after the completion of the deferment period. It is 5 to 15 years in this option. If the individual dies during the deferment period, his nominee will receive 105% of the total premium. If he dies after the deferment period, no payment will be made and the account will be closed.
The other option will have 50% of the total premium paid in return closing the policy after that in case of death after the deferment period. The nominee can take the death claim through different options. He can go with the lumpsum amount, annuitisation, or installments. Thus, the company has three plans in total, the first one is Regular premium, single premium, single life annuity, and joint-life annuity. The company launched another policy as well recently in December. Loan options are also available. You can visit the official website for a detailed view. We hope you get enough details about the Jeevan Dhara II of LIC above.