LIC Jeevan Dhara II Plan 872 Calculator | Best for long term stability
The Life Insurance Corporation of India, popularly known as LIC, is one of the most reliable names in India’s insurance and retirement planning sector. Over the years, LIC has introduced several plans designed to
This is an indicative calculator. Actual annuity rates may vary based on LIC official rates.
The plan was launched on 22 January 2024 and withdrawn on 1 January 2025.
GST and applicable taxes are extra.
Annuity payments are made in arrears throughout lifetime of annuitant(s).
• Deferred annuity pension plan
• Single premium & regular premium options
• 11 annuity choices available
• Guaranteed annuity rates from inception
• Monthly / Quarterly / Half-Yearly / Yearly payout modes
• Life cover available during deferment period
What is LIC Jeevan Dhara II Plan 872?
The Life Insurance Corporation of India, popularly known as LIC, is one of the most reliable names in India’s insurance and retirement planning sector. Over the years, LIC has introduced several plans designed to provide long-term financial stability and guaranteed retirement income. One such recently introduced pension solution was the LIC Jeevan Dhara II Plan 872, a deferred annuity plan created to help individuals build a secure income source after retirement.
Introduction to LIC Jeevan Dhara II Plan 872
LIC Jeevan Dhara II Plan 872 is a non-linked, non-participating, individual savings deferred annuity policy that was officially launched on 22 January 2024. The primary objective of this plan was to offer policyholders a dependable and guaranteed pension after the completion of a chosen deferment period.
This retirement-focused plan is designed for people who want a stable and predictable income in their later years without taking market-related risks. During the deferment period, the invested amount remains protected while gradually building the future annuity benefits. Once the deferment period ends, the policy starts providing regular annuity payouts for lifetime based on the selected option.
Another major advantage of the LIC Jeevan Dhara II Plan 872 is its flexibility. Policyholders get the option to choose between single premium and regular premium payment modes. In addition, the plan also offers different annuity choices such as single life annuity and joint life annuity, making it suitable for both individuals and couples planning their retirement finances.
Key Highlights of LIC Jeevan Dhara II Plan 872
What Makes LIC Jeevan Dhara II Plan 872 Different?
Some important features that made this plan attractive for retirement planning include:
- Guaranteed annuity rates fixed at policy inception
- Flexible premium payment choices
- Lifetime pension income option
- Availability of single life and joint life annuity variants
- Financial protection during the deferment period
- Stable returns without market-linked risk
- Suitable long-term retirement planning solution
Important Dates Related to LIC Jeevan Dhara II Plan 872
When Was LIC Jeevan Dhara II Plan 872 Launched?
The plan was officially introduced by LIC on 22 January 2024.
Is LIC Jeevan Dhara II Plan 872 Still Available?
No, the plan was withdrawn from sale on 1 January 2025. However, policies purchased before withdrawal continue to remain active as per the original policy conditions and benefits.
Who Should Buy LIC Jeevan Dhara II Plan 872?
Is LIC Jeevan Dhara II Plan 872 Suitable for Retirement Planning?
This plan can be a suitable choice for individuals aged 20 years and above who want to build a reliable retirement income source in advance. It is especially beneficial for people looking for guaranteed pension income without depending on stock market performance.
The policy may also suit:
- Salaried individuals planning early retirement
- Self-employed professionals seeking stable pension income
- Couples looking for joint life annuity benefits
- Conservative investors preferring guaranteed returns
- Individuals wanting life cover during the deferment period
Why Did Many Investors Prefer LIC Jeevan Dhara II Plan 872?
What Are the Main Benefits of Choosing LIC Jeevan Dhara II?
Many investors preferred this plan because it combined retirement savings with guaranteed lifelong annuity benefits. The assurance of fixed annuity rates from the beginning of the policy provided clarity and financial confidence for future retirement planning.
Additionally, the flexibility in deferment period selection and annuity payout structure made it easier for policyholders to customize the plan according to their long-term financial goals.
Eligibility Criteria for LIC Jeevan Dhara II Plan 872 Calculator
Before using the LIC Jeevan Dhara II Plan 872 Calculator, it is important to understand the eligibility conditions associated with the plan. The plan comes with flexible entry age limits, multiple annuity choices, and different premium payment options suitable for retirement planning.
| Eligibility Criteria | Details |
|---|---|
| Minimum Entry Age | 20 years |
| Maximum Entry Age | Depends on annuity option and deferment period |
| Minimum Vesting Age | 35 years for most options and 31 years for Options 10 & 11 |
| Deferment Period | 1 year to 15 years |
| Premium Payment Mode | Single premium or regular premium |
| Plan Type | Individual deferred annuity savings plan |
| Available Annuity Options | 11 different annuity choices |
What Are the Main Features of LIC Jeevan Dhara II Plan 872?
LIC Jeevan Dhara II Plan 872 was designed as a deferred annuity pension plan that starts providing pension benefits after a selected deferment period. The plan offers multiple premium payment choices along with guaranteed annuity benefits.
Important Features of LIC Jeevan Dhara II Plan
- Deferred annuity pension plan for retirement income
- Single premium and regular premium payment options available
- Multiple annuity choices including single life and joint life options
- Entry age starts from 20 years
- Flexible deferment period ranging from 5 to 15 years
- Life cover protection available during deferment period
- Guaranteed annuity rates fixed at policy inception
- Monthly, quarterly, half-yearly, and yearly pension payout options
- Certain annuity variants offer survival benefits after a specified age
How Does LIC Jeevan Dhara II Plan Work?
In this plan, the policyholder pays premiums during the deferment period, which acts as the accumulation phase. After the completion of the selected deferment duration, regular pension payments begin and continue according to the chosen annuity option.
One of the biggest advantages of the plan is that the annuity rates are guaranteed from the beginning. This means the future pension amount does not depend on market performance or fluctuations.
What Are the Available Annuity Options in LIC Jeevan Dhara II?
LIC Jeevan Dhara II offers 11 annuity choices to suit different retirement needs and financial goals. Some of the commonly selected options include:
Popular Annuity Options
- Option 1: Single Life Annuity without Return of Purchase Price
- Option 2: Single Life Annuity with Return of Purchase Price
- Option 3: Single Life Annuity with 50% Survival Benefit at Age 75
- Option 4: Single Life Annuity with 100% Survival Benefit at Age 75
- Option 5: Single Life Annuity with 50% Survival Benefit at Age 80
- Joint Life Annuity Options for spouses or secondary annuitants
Each annuity option is designed for different financial objectives such as higher pension income, nominee protection, or survival benefits.
How Does the LIC Jeevan Dhara II Plan 872 Calculator Help?
The LIC Jeevan Dhara II Calculator helps users estimate their future pension benefits easily by entering basic policy details. It simplifies retirement planning by showing estimated annuity payouts based on selected inputs.
What Can You Calculate Using This Tool?
- Estimated monthly pension amount
- Expected yearly annuity income
- Total premium amount paid
- Survival benefit details
- Death benefits during deferment period
This makes financial planning easier before purchasing the plan.
What Are the Benefits of LIC Jeevan Dhara II Plan 872?
LIC Jeevan Dhara II Plan 872 offers several retirement-focused benefits that make it a preferred option for individuals seeking guaranteed pension income.
Major Benefits of LIC Jeevan Dhara II
- Guaranteed fixed pension after deferment period
- Flexible premium payment and deferment choices
- Wide entry age eligibility
- Life insurance protection during deferment period
- Multiple annuity variants for different financial needs
- Government-backed security through LIC
- Potential tax benefits under prevailing tax laws
How to Use LIC Jeevan Dhara II Plan 872 Calculator?
Using the LIC Jeevan Dhara II Calculator is simple and helps users estimate future pension income quickly.
Step-by-Step Process to Use the Calculator
- Enter your current age
- Select premium payment type
- Enter the premium amount
- Choose premium payment term
- Select deferment period
- Choose preferred annuity option
- Click calculate to view estimated pension benefits
The calculator instantly displays estimated monthly or annual pension income.
Example of LIC Jeevan Dhara II Plan Calculation
Suppose a 40-year-old individual chooses a yearly regular premium of ₹1,20,000 for 15 years with a deferment period of 15 years. In this case, pension payments would begin at age 55. Based on the selected annuity option, the calculator estimates the expected monthly or yearly pension amount.
The calculator also shows nominee benefits and death benefit conditions according to the chosen annuity variant.
Why Do Many Investors Prefer LIC Jeevan Dhara II Plan 872?
Many investors preferred LIC Jeevan Dhara II because it provided guaranteed retirement income with flexible pension options and protection benefits.
Reasons to Choose LIC Jeevan Dhara II
- Guaranteed annuity rates from the start
- Flexible premium payment structure
- Joint life annuity options available
- Life cover during deferment period
- Return of premium choices for nominees
- Reliable retirement planning solution backed by LIC
Important Points to Remember About LIC Jeevan Dhara II Plan 872
Before purchasing or evaluating the plan, policyholders should keep some important points in mind.
Key Things You Should Know
- The plan was withdrawn from sale on 1 January 2025
- Existing policyholders continue to receive benefits as per policy terms
- Annuity rates remain fixed throughout the policy term
- Inflation may affect future purchasing power
- Choosing the right annuity option is important for long-term planning
- Tax rules may change over time
Frequently Asked Questions About LIC Jeevan Dhara II Plan 872
What is LIC Jeevan Dhara II Plan 872?
It is a deferred annuity pension plan offered by LIC that provides guaranteed regular pension income after a selected deferment period.
When Was LIC Jeevan Dhara II Plan 872 Introduced?
The plan was launched on 22 January 2024.
Is LIC Jeevan Dhara II Plan 872 Still Available?
No, the plan was withdrawn from sale on 1 January 2025, although existing policies continue normally.
What Is the Deferment Period in LIC Jeevan Dhara II?
The deferment period can range from 5 years to 15 years depending on the chosen option.
Does LIC Jeevan Dhara II Offer Tax Benefits?
Yes, premium payments may qualify for tax deductions according to prevailing tax regulations.
Is the Pension Amount Guaranteed?
Yes, the annuity amount is fixed and guaranteed at the beginning of the policy.
Can I Pay the Premium in One Installment?
Yes, the plan allows both single premium and regular premium payment options.
Conclusion
LIC Jeevan Dhara II Plan 872 was introduced as a reliable deferred annuity pension solution aimed at providing guaranteed retirement income with flexible annuity choices. Even though the plan is no longer available for new purchases after January 2025, existing policyholders continue to receive all policy benefits as per the original conditions.
With guaranteed pension income, multiple annuity options, life cover during deferment, and flexible premium structures, the plan became a popular retirement planning option among conservative investors. The LIC Jeevan Dhara II Calculator further helps individuals estimate future pension benefits and make better financial decisions before investing.
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