As we all know human life is full of uncertainties and no one can guess what will happen here. In such a situation, to keep yourself financially secure in the future, invest part of your earnings in a place where you get good returns, if you are looking for such a scheme, then LIC's LIC Jeevan Dhara Policy is perfect for you, let's know the complete details about it.
Premium Payment Options
Premium Payment Type:
Regular Premium or Single Premium.
Payment Frequency: Annual, Half-Yearly, Quarterly or Monthly.
Payment Period:
For Regular Premium: Premium can be paid in a period of 5-15 years.
For Single Premium: Premium can be paid for 1-15 years.
Grace period: There is a grace period within which policyholders can choose to make payments during the policy's moratorium period.
Joint life annuity option: Policyholders can also opt for a joint life annuity plan, which covers two people, providing financial support to the surviving person in the event of the other's death.
Single life annuity option:
The annuity is payable during the lifetime of the policyholder.
Premiums paid for one person provide a lifetime annuity to the policyholder.
Plans offering 50% or 100% premium returns for specific age groups.
Options 8 and 9: These options provide annuity for two people, ensuring that the surviving member continues to receive benefits even after the other's death.
Premium return on death: In some options, if the annuitant dies during the policy term, the policy may provide a return of premiums paid, providing additional financial security.
Policy Benefits
Death Benefit: In case of death of the policyholder, a percentage of the total premiums paid is refunded to the beneficiary.
Lump Sum Payment Option: Policyholders opting for a joint life annuity can choose to receive a lump sum payment after the death of the first holder, providing additional financial flexibility.
Premature Return of Premium: Some options allow premature withdrawal of premiums under specific circumstances.
No Annuity Payment in Case of Death: If the policyholder dies during the policy term, no further annuity payment is made, but the beneficiary will receive the death benefit.
-
ABP Exclusive | Priyadarshan, Akshay Kumar Team Up For 8th Film After Bhooth Bangla; Promise ‘Something Entirely Comic’
-
Hafiz Saeed’s close aide Sheikh Yousaf Afridi shot dead in Pakistan
-
Who Gets Invited To The Met Gala And Why It Matters?
-
Uber Black For A First Date, Designer Bags On Credit: As A Gen Z, I Am Not Even Surprised
-
Manu Bhaker Asked About Vaibhav Sooryavanshi, Triggers Social Media Backlash
