LIC's Jeevan Dhara is a deferred annuity plan that allows the policyholder to make provision for regular income after the selected term.
Features
• Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions throughout the term of the policy or till earlier death.
• Single premium option is also there, i.e. premium can be paid in one lump sum
• The premiums paid under New Jeevan Dhara I qualify for tax relief under Section 88.
• These are with-profit plans and participate in the profits of the Corporation’s annuity / pension business & policies get a share of the profits in the form of bonuses
• Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year & they form part of the guaranteed benefits of the plan.
• Additional Bonuses may also be payable provided policy has run for a certain minimum period.
Benefits
Death Benefit
