LIC LIC's Jeevan Dhara II (Plan No. 872): Full Guide, Eligibility & Premium

LIC's Jeevan Dhara II belongs to LIC's endowment plans family. In one line: deferred annuity with guaranteed rates

Eligibility at a glance — entry age 20 to 80 years; sum assured Based on purchase price; policy term Deferment of 5 to 15 years. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: Annuity rates guaranteed at inception Eleven annuity options including joint life Liquidity option to withdraw a part of the purchase price Higher annuity rates for large purchase prices Those are the contractual features; bonus or market-linked components, where they apply, are declared by LIC each year and are not guaranteed in advance.

Who it suits: People in their 40s and 50s planning a fixed retirement income. If that does not describe your situation, there is usually a better-fitting plan in the same family, and it costs nothing to ask.

Before you sign, run LIC's Jeevan Dhara II through the premium calculator on this site with your own age, sum assured and term. Seeing the yearly outgo next to the projected maturity value is the fastest way to know whether the plan fits your cash flow — and the fastest way to spot a mis-sold recommendation.

Buying, servicing and claiming are three different jobs. We help with all three free of charge, including for policies you bought elsewhere, from our office at Fort, Mumbai and online across India.