Latest News | LIC Launches Jeevan Dhara II Plan

New Delhi, Jan 19 (PTI) Life Insurance Corporation of India (LIC) on Friday announced the launch of a new saving and annuity plan Jeevan Dhara II.

Available for sale from Monday, this individual, savings, deferred annuity plan permits a minimum entry age of 20 years.

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The annuity is guaranteed from inception and 11 annuity options are available to prospective policyholders, LIC said in a statement.

Unveiled by LIC Chairman Siddhartha Mohanty, the non-participating plan provides life cover during deferment period and offers higher annuity rate at higher age, it said.

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Loan facility shall be available during or after the deferment period under annuity options with return of premium/ purchase price, it added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)