The Life Insurance Corporation of India (LIC) has introduced New Jeevan Dhara-II, a deferred annuity plan designed for individuals who want to arrange a regular income for the future. The plan allows policyholders to invest in advance and receive annuity payments at a later stage, helping them plan for retirement and manage their future expenses.
New Jeevan Dhara-II is a non-linked, non-participating annuity product. Its benefits are governed by the policy terms and the annuity option selected at the time of purchase. Here is a closer look at its main features, premium payment choices and eligibility requirements.
Single Premium and Regular Payment Options
LIC New Jeevan Dhara-II offers different premium payment options to suit customers’ financial circumstances. Depending on the available choices under the plan, policyholders can pay a single lump-sum premium or make regular premium payments.
This flexibility allows individuals to plan their investment according to their financial resources and future income requirements. Before purchasing the policy, customers should review the applicable premium conditions and available options.
Regular Pension Income After Retirement
One of the main features of New Jeevan Dhara-II is the provision for receiving annuity payments in the future. The payout amount depends on the option chosen and the terms applicable when the policy is purchased.
Once the annuity payments begin, policyholders may receive income at different intervals, including monthly, quarterly, half-yearly or annually, subject to the options available under the policy.
This arrangement can help individuals plan their retirement income and meet regular expenses during their later years.
What Does Non-Linked and Non-Participating Mean?
New Jeevan Dhara-II is classified as a non-linked and non-participating plan. This means its benefits are not linked to stock market performance, and policyholders do not participate in LIC’s profits through bonuses.
The benefits payable are determined by the policy’s terms and the annuity option selected. Customers should carefully read the policy document to understand the payment conditions, benefits and other applicable provisions before investing.
Eligibility Criteria and Additional Coverage Options
According to the information provided, the minimum entry age for LIC New Jeevan Dhara-II is 18 years, while the maximum entry age is 65 years. Applicants must meet the applicable age requirements to purchase the policy.
The information also mentions LIC Health Shield and LIC New Cancer Cover as additional coverage options. Customers should confirm their availability, eligibility conditions and terms with LIC before making a decision.
LIC New Jeevan Dhara-II Launch Date
According to the article’s source information, LIC launched New Jeevan Dhara-II on October 15, 2026. A post shared by LIC on the social media platform X stated that the policy’s benefits would be available from October 19, 2026.
Individuals interested in the plan should consult LIC’s official website or an authorised LIC representative for the latest product details, current terms and conditions, and confirmation of the applicable dates.
Disclaimer: This article is intended for general informational purposes only and should not be considered financial or investment advice. Policy features, eligibility criteria, premium options and benefits are subject to LIC’s official terms and conditions. Prospective policyholders should review the official policy document and consult LIC or an authorised representative before making an investment decision.