Hello friends! Today, we bring you one of the best pension plans from LIC – LIC Jeevan Dhara 2. This plan offers a guaranteed 16% rate of interest, ensuring lifetime financial security. If the policyholder passes away, the entire invested amount is given to the nominee. In this post, we will explore the complete details of this plan.
- LIC Jeevan Dhara 2 – Overview
- Payment Options
- Eligibility Criteria
- Pension Payout Options (Annuity Options)
- Deferment Period
- How to Pay Premiums?
- Minimum Pension Amount
- Example Calculation
- Conclusion
- FAQ’s
- 1. What is LIC Jeevan Dhara 2?
- 2. What is the minimum investment in LIC Jeevan Dhara 2?
- 3. Can I withdraw my money from LIC Jeevan Dhara 2?
- 4. What happens if the policyholder dies?
- 5. How is the 16% return calculated in LIC Jeevan Dhara 2?
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LIC Jeevan Dhara 2 – Overview
This policy was introduced on January 22, 2024, and has quickly become one of LIC’s top-selling pension policies. The key benefit of this plan is the 16% guaranteed pension that ensures lifetime returns. You can opt for either an individual account or a joint account, where the pension amount transfers to your partner after your lifetime.
Payment Options
LIC Jeevan Dhara 2 offers flexible payment options:
- Single Payment Option – One-time investment.
- Regular Payment Option – Monthly, quarterly, half-yearly, or yearly premium payments.
- Top-Up Option – Allows additional contributions over the premium amount.
Eligibility Criteria
- Minimum Age: 20 years
- Maximum Age: 79 years
- Minimum Vesting Age: 35 years for Options 1-9 and 31 years for Options 10-11.
- Maximum Vesting Age: 80 years
Pension Payout Options (Annuity Options)
The plan offers 11 different annuity options:
- Monthly pension without return of premium.
- Monthly pension with return of premium to nominee.
- Pension till 75 years with 50% return of invested amount.
- Pension till 75 years with 100% return of invested amount.
- Other customized annuity options as per need.
Deferment Period
The deferment period refers to the waiting period before pension starts. It varies based on the selected option:
- For Options 1-9: 5 to 15 years.
- For Options 10-11: 1 to 15 years.
How to Pay Premiums?
Premium payments can be made as:
- Single Premium – One-time investment.
- Regular Premium – Payments made yearly, half-yearly, quarterly, or monthly.
- Higher Deferment Period – More extended deferment means higher pension and higher interest rates.
Minimum Pension Amount
- Monthly: ₹1,000
- Quarterly: ₹3,000
- Half-Yearly: ₹6,000
- Yearly: ₹12,000
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Example Calculation
Let’s consider an example:
- Person: Rohit (Age 30 years)
- Investment Amount: ₹10,00,000 (Single premium)
- GST: ₹18,000
- Total Investment: ₹10,18,000
- Deferment Period: 5 years
- Annual Pension: ₹83,600
If Deferment Period is 15 years
- Investment: ₹10,18,000
- Pension per Year: ₹1,63,000
- Total Pension for 35 Years: ₹57,05,000
- Total Return (Including Initial Investment): ₹67,05,000
Conclusion
LIC Jeevan Dhara 2 is a highly beneficial pension plan offering a guaranteed 16% return. This policy provides financial security for a lifetime. Before investing, carefully check all the terms and conditions.
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FAQ’s
1. What is LIC Jeevan Dhara 2?
LIC Jeevan Dhara 2 is a pension plan offering a guaranteed pension with up to 16% returns and multiple annuity options.
2. What is the minimum investment in LIC Jeevan Dhara 2?
The minimum pension starts at ₹1,000 per month, with flexible premium payment options.
3. Can I withdraw my money from LIC Jeevan Dhara 2?
No, LIC Jeevan Dhara 2 is an annuity plan, and the invested amount is used to provide lifelong pension benefits.
4. What happens if the policyholder dies?
Depending on the selected annuity option, the nominee may receive the invested amount or continue receiving the pension.
5. How is the 16% return calculated in LIC Jeevan Dhara 2?
With a long deferment period, the total pension received over the years can effectively provide returns up to 16%.
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