LIC Jeevan Dhara Scheme : The Life Insurance Corporation of India (LIC) has always been a trusted name when it comes to safe and reliable investment schemes. Among its many plans, the LIC Jeevan Dhara Scheme is now gaining massive attention due to its attractive guaranteed return of up to 16%. This pension-oriented policy is turning out to be a hidden financial gem, especially for those planning long-term income security post-retirement.
Let’s explore everything you need to know about this scheme – from features and eligibility to returns and benefits.
What is LIC Jeevan Dhara Scheme?
LIC Jeevan Dhara is a deferred annuity plan designed to provide a guaranteed pension after a specified term. The scheme allows policyholders to invest during their working years and receive a fixed monthly income after retirement. The longer the deferral period, the higher the returns – making it one of the most beneficial LIC schemes in the market today.
Key Highlights:
- Deferred annuity plan with guaranteed pension
- Ideal for long-term retirement planning
- Guaranteed returns up to 16%
- Multiple payout options available
- Offers both single and regular premium modes
Benefits of LIC Jeevan Dhara Scheme
Here are the key advantages that make LIC Jeevan Dhara an attractive investment option:
- Guaranteed fixed monthly pension
- Long-term income security
- Tax benefits under Section 80C
- Flexibility in annuity options
- Death benefits to nominee
- Option to add riders for extra protection
LIC Jeevan Dhara Scheme Eligibility
The scheme comes with simple eligibility conditions, making it accessible to a wide range of investors.
| Particulars | Details |
|---|---|
| Minimum Entry Age | 20 years |
| Maximum Entry Age | 65 years |
| Vesting Age (Annuity Start) | 40 to 75 years |
| Minimum Premium | ₹15,000 per year |
| Policy Term | 10 to 40 years |
| Premium Payment Modes | Yearly, Half-Yearly, Quarterly |
| Annuity Modes | Monthly, Quarterly, Half-Yearly |
Investment Example: How Much Will You Get?
Let’s understand the potential return from the LIC Jeevan Dhara Scheme through a sample investment scenario.
| Investment Amount | Policy Term | Premium Payment | Annuity Start Age | Monthly Pension (Approx.) |
|---|---|---|---|---|
| ₹5,00,000 | 20 Years | Single Premium | 60 Years | ₹6,500 |
| ₹10,00,000 | 25 Years | Single Premium | 60 Years | ₹13,000 |
| ₹15,00,000 | 30 Years | Single Premium | 65 Years | ₹20,500 |
| ₹1,00,000/year | 20 Years | Regular Premium | 60 Years | ₹8,000 |
| ₹50,000/year | 25 Years | Regular Premium | 60 Years | ₹5,000 |
| ₹75,000/year | 15 Years | Regular Premium | 55 Years | ₹6,000 |
| ₹2,00,000/year | 10 Years | Regular Premium | 50 Years | ₹12,000 |
Note: The monthly pension amount varies based on annuity rates, policy term, and chosen annuity mode.
Annuity Options Under Jeevan Dhara
LIC provides flexibility in annuity payment under this scheme. You can choose the option that suits your financial needs post-retirement.
- Annuity for Life: Pension is paid until the policyholder’s death.
- Annuity for Life with Return of Purchase Price: Pension is paid until death, after which the invested amount is returned to the nominee.
- Annuity Guaranteed for 5/10/15/20 Years: Fixed pension is paid for the guaranteed period even if the policyholder passes away.
- Joint Life Annuity: Pension continues for the spouse after the policyholder’s death.
Who Should Invest in LIC Jeevan Dhara?
This scheme is suitable for:
- Salaried individuals planning retirement
- Business owners seeking long-term pension
- Parents looking for future income security
- NRIs (Non-Resident Indians) looking for guaranteed returns in India
Comparison with Other LIC Schemes
| Scheme Name | Type | Returns | Best For |
|---|---|---|---|
| LIC Jeevan Dhara | Deferred Annuity | Up to 16% | Long-term pension seekers |
| LIC Jeevan Akshay | Immediate Annuity | ~6-7% | Immediate income requirement |
| LIC New Jeevan Anand | Endowment + Life | 5-7% | Lump sum + Life Cover |
| LIC Tech Term Plan | Pure Term Insurance | No returns | Pure risk coverage |
Tax Benefits of LIC Jeevan Dhara
Investors in this scheme can enjoy significant tax savings:
- Premium paid qualifies for deduction under Section 80C of the Income Tax Act
- Pension received is taxable as per income slab
- No TDS on annuity payments up to the limit
The LIC Jeevan Dhara Scheme is indeed a hidden treasure for those who want a guaranteed pension with a safe, government-backed investment. With assured returns of up to 16%, flexible payout options, and long-term financial security, this plan is perfect for building a stress-free retirement life.
However, as with all financial products, it is advisable to consult with a LIC advisor or certified financial planner before investing, based on your goals and risk profile.
What are the key features of LIC's Jeevan Dhara Scheme?
Guaranteed 16% return, hidden treasures unveiled.
How does LIC Jeevan Dhara Scheme provide a 16% guaranteed return?
By offering a hidden treasure with lucrative returns.
How can investors benefit from the hidden treasure within LIC Jeevan Dhara Scheme?
By exploring the scheme's 16% guaranteed return and unique features.
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