Life Insurance coverage Company (LIC) Chairperson Siddhartha Mohanty launched a brand new particular person saving and annuity plan known as Jeevan Dhara II.
The non-participating plan, obtainable on the market from January 22, pertmits a minimal entry age of 20 years.
What are advantages of Jeevan Dhara II plan?
Annuity from inception
Underneath LIC’s Jeevan Dhara II plan, annuity is assured from inception. Jeevan Dhara II coverage holders can select from 11 choices supplied by the LIC.
Larger annuity for increased ages
The plan gives increased annuity charges at increased ages.
Life cowl
Life cowl will probably be obtainable in the course of the deferment interval, in line with the company.
Mortgage facility
Potential coverage holders can take loans throughout or after the deferment interval beneath annuity choices with return of the premium or buy worth. The deferment interval is between 5 and 15 years for normal premium and between one and 15 years for single premium.
Dependable financial savings plan
Since Jeevan Dhara II is a non-linked, non-participatory plan, it’s resistant to market volatility and its efficiency just isn’t affected by inventory market fluctuations.