Jeevan Dhara-2 Plan 872
Jeevan Dhara-2 Plan 872: LIC of India has introduced Jeevan Dhara-2 plan 872, a new individual, savings, deferred annuity (pension) plan. LIC Jeevan Dhara-2 Plan 872 is available for sale from 22nd, January 2024. The annuity is guaranteed from inception and 11 annuity options are available to prospective policyholders. There is higher annuity rates at higher ages and life cover will be available during the deferment period.
Introduction: Why Retirement Planning Matters in India
Retirement planning is no longer optional—it’s a necessity. With increasing life expectancy, rising medical costs, and limited social security, having a guaranteed income source after retirement is critical. While younger investors focus on wealth creation through mutual funds, SIPs, or stocks, retirees seek stability, safety, and regular income.
This is where LIC Jeevan Dhara 2 Plan 872, launched in February 2025, becomes an attractive choice. It is designed as a non-linked, non-participating, deferred annuity plan that provides guaranteed pension for life after a deferment period chosen by the policyholder.
In this blog, we’ll cover:
- Key features of LIC Jeevan Dhara 2
- Eligibility & policy details
- Pension options and deferment choices
- Benefits with tabular examples
- Multiple investor scenarios with calculations
- Analyst opinions & insights
- Real investor-style examples
- Frequently asked questions (FAQs)
- Final verdict: Should you invest?
What is LIC Jeevan Dhara 2 (Plan 872)?
LIC Jeevan Dhara 2 is a Deferred Annuity Pension Plan, meaning you pay premiums today and start receiving regular pension after a chosen deferment period (e.g., 5, 10, or 15 years).
It is:
- Non-linked: Not linked to stock market, hence no risk of volatility.
- Non-participating: No bonus or profit-sharing, but annuity is fixed & guaranteed.
- Deferred Annuity: Pension starts after a gap (deferment period) chosen by you.
This plan suits working professionals (30–55 years) who want to build a guaranteed retirement income stream for the future.
Key Features of LIC Jeevan Dhara 2
| Feature | Details |
|---|---|
| Plan Name | LIC Jeevan Dhara 2 (872) |
| Type | Deferred Annuity, Non-Linked, Non-Participating |
| Entry Age | 20 to 80 years |
| Vesting (Annuity Start) Age | 35 to 85 years |
| Premium Payment | Single or Regular |
| Deferment Period | Minimum 5 years, Maximum 15 years |
| Annuity Payout Options | Monthly, Quarterly, Half-Yearly, Yearly |
| Minimum Premium | ₹10,000 (varies by mode) |
| Guaranteed Pension | Fixed for lifetime |
| Loan Facility | Available after lock-in |
| Surrender Value | Allowed under certain conditions |
Benefits of LIC Jeevan Dhara 2
- Guaranteed Lifetime Income – Pension continues for as long as you live.
- Flexibility in Annuity Options – Choose single life or joint life annuity.
- Return of Purchase Price (ROP) – On death, nominee receives the invested corpus.
- Tax Benefits – Premiums eligible under Section 80C, pension taxed as income.
- Loan Facility – Available in case of financial emergency.
- Security for Family – Joint life option ensures pension continues for spouse.
- Multiple Premium Modes – Single premium or regular contributions.
LIC Jeevan Dhara 2 – Annuity Options
LIC offers different choices depending on retirement needs:
- Single Life Annuity with ROP – Pension continues till policyholder’s death; nominee gets corpus.
- Joint Life Annuity with ROP – Pension continues till spouse’s death; nominee gets corpus.
- Deferred Annuity with ROP – Pension starts after deferment, nominee gets purchase price on death.
- Guaranteed Annuity for Fixed Period (e.g., 10/15/20 years) – Pension guaranteed even if policyholder dies early.
LIC Jeevan Dhara 2 – Tabular Example (Illustration)
Case 1: Immediate Annuity (Single Life with ROP)
| Entry Age | Premium Paid | Pension Start Age | Annual Pension (Approx.) | Nominee Benefit (ROP) |
|---|---|---|---|---|
| 50 years | ₹10,00,000 | 50 years | ₹70,000 per year | ₹10,00,000 |
| 60 years | ₹10,00,000 | 60 years | ₹74,000 per year | ₹10,00,000 |
Case 2: Deferred Annuity (10-Year Deferment)
| Entry Age | Premium Paid | Pension Start Age | Annual Pension (Approx.) | Nominee Benefit |
|---|---|---|---|---|
| 40 years | ₹10,00,000 | 50 years | ₹93,000 per year | ₹10,00,000 |
| 50 years | ₹10,00,000 | 60 years | ₹1,05,000 per year | ₹10,00,000 |
Case 3: Joint Life Annuity with Spouse
| Husband Age | Wife Age | Premium Paid | Pension Start Age | Annual Pension | Nominee Benefit (ROP) |
|---|---|---|---|---|---|
| 60 | 58 | ₹20,00,000 | 60 years | ₹1,48,000 | ₹20,00,000 |
| 65 | 63 | ₹20,00,000 | 65 years | ₹1,57,000 | ₹20,00,000 |
Multiple Investor Scenarios
Scenario 1: Young IT Professional (Age 30)
- Invests ₹5,00,000 (Single Premium).
- Chooses 15-year deferment.
- Pension starts at age 45: ₹55,000 annually, increasing if invested higher.
- Benefit: Early planning leads to higher returns due to compounding effect.
Scenario 2: Government Employee (Age 45)
- Pays annual premiums of ₹1,00,000 for 10 years.
- Pension starts at 55 with ₹1,20,000 per year.
- Benefit: Retirement-ready at 55, with stable lifelong pension.
Scenario 3: Retired Couple (Ages 62 & 60)
- Invest ₹20,00,000 as joint annuity.
- Pension: ₹1,50,000 per year till both are alive.
- Nominee (children) receives full ₹20,00,000 corpus.
Analyst Opinions on LIC Jeevan Dhara 2
- Financial Planners: Suitable for those seeking guaranteed income without market risk.
- Retirement Experts: Best as a pension component, not the entire retirement plan. Combine with PPF, NPS, or mutual funds.
- Insurance Analysts: More flexible than earlier versions like LIC Jeevan Akshay, since it offers deferment + joint life + ROP.
- Caution: Pension is taxable under income tax laws, so net returns may reduce.
Investor Insights & Comparisons
- Compared to FDs, Jeevan Dhara 2 offers lifetime income + nominee protection.
- Compared to NPS, Jeevan Dhara 2 gives guaranteed returns, while NPS depends on markets.
- Compared to Mutual Funds, Jeevan Dhara 2 is safer but lower return.
FAQs on LIC Jeevan Dhara 2 (Google-Friendly)
Q1. What is the minimum age to buy LIC Jeevan Dhara 2?
👉 20 years.
Q2. Can I buy this plan online?
👉 Yes, LIC offers online purchase option.
Q3. Is pension taxable?
👉 Yes, annuity (pension) is fully taxable under Income Tax Act, 1961.
Q4. What happens if the policyholder dies early?
👉 Nominee receives the purchase price (invested amount).
Q5. Is loan available under LIC Jeevan Dhara 2?
👉 Yes, after a lock-in period.
Q6. Can I surrender the policy?
👉 Yes, under specific conditions like critical illness or emergencies.
Final Verdict: Should You Invest in LIC Jeevan Dhara 2?
LIC Jeevan Dhara 2 (Plan 872) is a safe, reliable, and guaranteed pension plan for those who want financial security in old age. While the returns may not beat inflation drastically, it gives peace of mind with lifetime income and ensures nominee protection with ROP.
✅ Best For:
- Salaried professionals planning for retirement.
- Retired individuals with lump-sum savings.
- Couples looking for joint pension security.
❌ Not Ideal For:
- Young aggressive investors aiming for high growth.
- Those who want tax-free pension (since pension is taxable).
In conclusion, LIC Jeevan Dhara 2 is like planting a mango tree today for enjoying fruits every year of your life after retirement.
