Annuity rates are guaranteed at policy inception, subject to the selected option and policy terms.

This Plan is a deferred annuity plan designed to help you build a reliable income stream for your retirement years. You can choose to pay premiums regularly or make a single premium payment, select a deferment period, and receive annuity payments after the deferment period according to your chosen annuity option.

Annuity rates are guaranteed at policy inception, subject to the selected option and policy terms.

Receive annuity payments after the selected deferment period.

Choose Regular Premium or Single Premium, subject to eligibility.

Select an option designed to provide annuity income for one individual.

Choose an eligible option that provides for a second annuitant.

Select monthly, quarterly, half-yearly or yearly annuity payments, subject to plan conditions.

Increase the annuity through an eligible additional premium during the deferment period.

Benefits depend on the selected annuity option and the circumstances of death.



The annuity rates are guaranteed at policy inception, according to the selected option and applicable policy terms. After the deferment period, annuity payments begin in arrears and continue according to the chosen option.
Whether you are planning for retirement or seeking a structured source of future income, LIC’s New Jeevan Dhara-II offers options to help you plan for your financial needs.
| Particulars | Details |
|---|---|
| Plan Name | LIC’s New Jeevan Dhara-II |
| Plan Type | Non-Participating, Non-Linked, Individual Savings, Deferred Annuity Plan |
| Minimum Entry Age | 18 years, last birthday |
| Minimum Vesting Age | 30 years, last birthday |
| Premium Options | Regular Premium and Single Premium |
| Deferment Period | 2–15 years for Regular Premium; 1–15 years for Single Premium |
| Annuity Options | Single Life and Joint Life options, as available |
| Annuity Payment Modes | Monthly, quarterly, half-yearly and yearly |
| Minimum Annuity | ₹1,000 monthly; ₹3,000 quarterly; ₹6,000 half-yearly; ₹12,000 yearly |
| Top-up Facility | Available during the deferment period, subject to conditions |
| Maximum Premium | Subject to LIC's applicable rules and underwriting requirements |
The maximum entry age, vesting age and other eligibility conditions vary according to the selected annuity option and deferment period.
LIC’s New Jeevan Dhara-II offers two premium payment options to suit different financial preferences.
| Feature | Regular Premium | Single Premium |
|---|---|---|
| Premium Payment | Premiums payable regularly | One-time lump-sum premium |
| Deferment Period | 2 to 15 years | 1 to 15 years |
| Annuity Commencement | After the selected deferment period | After the selected deferment period |
| Suitable For | Individuals who prefer paying premiums over time | Individuals who prefer investing a lump sum |
| Conditions | Subject to plan rules | Subject to plan rules |
The actual premium or purchase price and annuity amount depend on the selected option, age, deferment period, payment frequency and applicable incentives.
The plan offers different annuity options designed to meet varying retirement and family financial needs.
| Option | Annuity Type | Key Benefit |
|---|---|---|
| Option 1 | Single Life | Life annuity |
| Option 2 | Single Life | Life annuity with return of premium |
| Option 3 | Single Life | Life annuity with 50% return of premium after attaining age 75 |
| Option 4 | Single Life | Life annuity with 100% return of premium after attaining age 75 |
| Option 5 | Single Life | Life annuity with 50% return of premium after attaining age 80 |
| Option 6 | Single Life | Life annuity with 100% return of premium after attaining age 80 |
| Option 7 | Single Life | Life annuity with 5% return of premium after attaining specified ages from 76 to 95 |
| Option 8 | Joint Life | Life annuity for joint lives |
| Option 9 | Joint Life | Life annuity with return of premium for joint lives |
| Option | Annuity Type | Key Benefit |
|---|---|---|
| Option 10 | Single Life | Life annuity with return of purchase price |
| Option 11 | Joint Life | Life annuity with return of purchase price |
Important: The benefits and annuity amount vary by option. Review the official policy document before selecting an option, as the annuity option cannot subsequently be changed under the plan.
| Eligibility Criteria | Details |
|---|---|
| Minimum Entry Age | 18 years, last birthday |
| Minimum Vesting Age | 30 years, last birthday |
| Maximum Entry Age | Varies by annuity option and deferment period |
| Regular Premium Deferment | 2–15 years |
| Single Premium Deferment | 1–15 years |
| Joint Life Eligibility | Available for specified eligible relationships under policy conditions |
| Minimum Premium/Purchase Price | Depends on the selected option and applicable LIC rules |
Eligible Joint Life relationships and maximum age limits should be confirmed against the official LIC brochure for the chosen option.
After completion of the deferment period, annuity payments begin according to the selected annuity option and payment mode.
Depending on the option selected, the annuity may be payable for the lifetime of a single annuitant or continue for the surviving annuitant under an eligible Joint Life option.
Generally, no annuity payments are made during the deferment period. Benefits payable if the annuitant dies during this period are governed by the applicable policy provisions.
The death benefit depends on the selected annuity option and when the death occurs.
| When Death Occurs | Benefit Overview |
|---|---|
| During Deferment Period | The applicable death benefit is determined under the selected option and policy provisions. |
| After Annuity Commencement | The benefit, if any, depends on the selected annuity option. |
| Return-of-Premium Option | Premiums may be returned according to the option's specified conditions. |
| Return-of-Purchase-Price Option | The purchase price may be payable according to the option's specified conditions. |
Under applicable provisions, settlement may be available as a lump sum, instalments or an annuity, subject to the plan's rules and available settlement choices.
Refer to the official policy document for the exact calculation and settlement conditions.
The Top-up Annuity facility allows eligible policyholders to increase their annuity by paying an additional single premium during the deferment period while the policy is in force.
| Particulars | Details |
|---|---|
| Facility | Top-up Annuity |
| Minimum Additional Premium | ₹50,000 per top-up, subject to official plan terms |
| Availability | During the deferment period |
| Annuity Calculation | Based on applicable rates and conditions at the time of top-up |
This facility may be useful for individuals who want to increase their planned retirement income, subject to the plan's conditions.
The plan provides specified liquidity provisions under which an eligible policyholder may receive a lump-sum amount in exchange for a reduction in annuity payments or other benefits, as applicable.
The availability, amount and conditions of this facility depend on the selected option and the policy provisions. Review the terms carefully before exercising any liquidity facility.
Eligible policyholders may qualify for incentives under applicable LIC rules.
| Incentive Category | Description |
|---|---|
| Higher Premium or Purchase Price | Incentives may apply at eligible premium or purchase-price levels. |
| Existing LIC Policyholders | Eligible policyholders may qualify for specified incentives. |
| Eligible Nominees or Beneficiaries | Incentives may be available under applicable LIC provisions. |
Incentives are subject to eligibility and the rates and conditions applicable under the plan.
The tax treatment of premiums and annuity payments depends on prevailing income-tax laws and individual circumstances. Tax benefits are subject to applicable legal conditions and should not be assumed automatically.
LIC’s New Jeevan Dhara-II may be worth considering for individuals who:
Want to plan for a future retirement income.
Prefer annuity rates guaranteed at policy inception.
Want a choice between Regular Premium and Single Premium.
Need a Single Life or eligible Joint Life Annuity option.
Want to compare return-of-premium or return-of-purchase-price options.
The suitable option depends on your age, retirement goals, premium budget, liquidity requirements and family needs.