A New Deferred Annuity Plan, Jeevan Dhara II, is Unveiled by LIC: Verify Specifics

At older ages, annuity prices will increase, and life insurance is offered throughout the deferral period.
An incentive in the form of increased annuity rates for existing policyholders, nominees, and company beneficiaries will be applied for high premiums or purchase prices for online sales.

By paying an additional premium as a single payment, you may enhance the Annuity (Top-up Annuity) under the coverage at any point throughout the deferral period and as long as the policy is in force.

Policyholders will have the choice of receiving funds as annuitization, in installments, or as a lump amount.
Policyholders will get various advantages offered under annuity choices with the return of premium/purchase price, as well as a liquidity option to obtain a lump-sum amount in exchange for a decrease in annuity payments.

The loan facility will be offered with annuity alternatives, with the opportunity to refund the purchase price or premium at any point throughout the deferral period.

Options for LIC Jeevan Dhara II Plan
Two types of premiums: standard and single.
Annuities for a single life and a combined life.
Deferment periods are available for single premiums of one year to fifteen years and regular premiums of five years to fifteen years.
Annuity payment schedule (annual, semi-annual, quarterly, and monthly). An annuity choice cannot be modified after it has been chosen.

How should one apply?
LIC states that this plan may be bought directly from the www.licindia.in website or offline via agents or other middlemen.