Jeevan Suraksha is a Deferred Annuity plans from LIC 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 Suraksha 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:

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

It is an Immediate Annuity plan from LIC's , which can be purchased by paying a lump sum amount. The plan provides for annuity (pension) payments of a declared amount throughout the life time of the annuitant. The type and mode of payment of annuities comes in various options.

Type of Annuity:
• Annuity payable for life at a uniform rate.
• Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive.
• Annuity for life with return of purchase price on death of the annuitant.
• Annuity payable for life increasing at a simple rate of 3% p.a.
• Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
• Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
You may choose any one. Once chosen, the option cannot be altered.

Annuity can be paid monthly, quarterly, half yearly or yearly intervals. Any mode of payment of Annuity can be opted.