LIC's New Jeevan Dhara-II

How it works

LIC's New Jeevan Dhara-II is a lic & life insurance product from Life Insurance Corporation of India, in the guaranteed category: fixed by contract. A deferred annuity with regular or single premiums, where you choose when the pension starts — up to 15 years later.

Because the return type is guaranteed, the questions that matter most are: Is the rate fixed for the whole tenure, or revised during it? Who is actually promising to pay, and what happens if they don't?

• Building a pension while still earning
• Choosing a start date for retirement income

Key facts

What can go wrong

• A long deferment means the money is committed for years.
• The annuity is fixed in rupees and loses value to inflation.
• Taking the liquidity option permanently reduces the pension.

Before you decide anything

• The deferment period you can commit to
• What a top-up contribution does to the eventual annuity

These are questions to take to the provider, not a checklist that makes a product suitable. Whether something fits your situation is a decision only you — or an adviser you choose — can make.

Official sources

• LIC — plan details↗
• IRDAI — policyholder rights↗

These link to the regulator or provider where the rules for this type of product are set out. They are the pages worth checking before you act, because they are the ones that get updated.