New Delhi: The LIC Jeevan Dhara II is a promising life insurance policy designed to provide policyholders with financial security and stability. This plan is particularly beneficial for individuals looking to ensure a steady income stream during their retirement years or to safeguard against any unforeseen circumstances. The policy combines the advantages of both life insurance and an annuity, offering a comprehensive financial solution.
LIC Jeevan Dhara Policy
LIC Jeevan Dhara II is a non-linked, with-profit, life insurance plan that provides a regular income to the policyholder or their family after a certain period. The policyholder can choose the income option, which ensures a steady and predictable cash flow, making it an ideal choice for retirees or those seeking financial stability. Additionally, this plan also includes a life cover component, providing financial protection against the risk of death during the policy term.
Key Features
One of the standout features of LIC Jeevan Dhara II is its flexible premium payment options. Policyholders have the choice to pay premiums on a yearly, half-yearly, quarterly, or monthly basis, accommodating different financial planning needs. The policy also offers the option to receive income payouts annually, half-yearly, quarterly, or monthly, allowing policyholders to align the income stream with their expenses and requirements.
The plan comes with a bonus facility, enhancing the benefits of the policy. The bonuses are added to the policy and contribute to the overall corpus, boosting the final payout amount. In addition to the regular income, the policy provides a lump sum amount on the death of the policyholder during the policy term, ensuring that the financial needs of the policyholder’s family are met.
Eligibility and Benefits
The LIC Jeevan Dhara II policy is available to individuals within the age range of 30 to 70 years, with a minimum policy term of 5 years and a maximum of 20 years. The policyholder can select the income amount based on their financial goals and requirements.
In summary, LIC Jeevan Dhara II offers a robust solution for those seeking a blend of life insurance and a steady income stream. With its flexible premium and payout options, along with the added benefit of bonuses, it provides a secure and reliable financial foundation for policyholders and their families.
LIC Jeevan Dhara II offers a robust blend of life insurance and regular income, making it ideal for retirees and those seeking financial stability. With flexible premium payments and income options, this plan ensures a steady cash flow and financial protection for policyholders and their families. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
