Introducing:

LIC’s JEEVAN DHARA - II

(Plan No. 872)
(UIN: 512N364V01)

Non-Linked, Non-Participating, Individual, Savings, Deferred Annuity plan

**This material is for training purpose and internal circulation only

USPs:

• This is a Regular Premium Deferred Guaranteed Annuity plan

• Policyholder can choose Mode of Premium Payment, Deferment Period, Annuity Option and Mode of
Annuity Payment

• Annuity rates are guaranteed from the inception of the policy

• Single as well as Joint life option available (between any two lineal descendant/ascendant of a family [i.e.
Grandparent, Parent, Children, Grandchildren] or spouse or siblings or Parent-in-law)

• Additional Options of Annuity like never before: Option of Life annuity with 50% OR 100% Return of
Premium after attaining age 75 OR 80 years for Single Life and Option of Life annuity with 5% Return of
Premium every year after attaining age 76 years to 95 years for Single Life

• Top-up Annuity – On additional premium anytime during the deferment period

USPs continued:

• Deferment period range between 5 years to 15 years for regular premiums and 1 year to 15 years under
single premium

• Higher Annuity for higher premiums/purchase price

• Higher Annuity for people aged 55 and above

• Higher Annuity for EXISTING POLICYHOLDERS if taken through intermediaries

• Higher Annuity for Direct purchase of Single Premium from proceeds of existing Deferred Annuity /
Pension plans or Group Superannuation Schemes

• LIQUIDITY by way of lump-sum withdrawal in lieu of reduced annuity

• ADVANCE ANNUITY OPTION for Joint Life policies for 5 years

 Annuity Options:
Premium
Annuity Type Annuity Options
Payment
Option-1 Life annuity for Single Life

Option-2 Life annuity with Return of Premium for Single Life

Option-3 Life annuity with 50% Return of Premium after attaining age 75 years for Single Life
Single Life Option-4 Life annuity with 100% Return of Premium after attaining age 75 years for Single Life
Regular Annuity
Option-5 Life annuity with 50% Return of Premium after attaining age 80 years for Single Life
Premium
Option-6 Life annuity with 100% Return of Premium after attaining age 80 years for Single Life

Option-7 Life annuity with 5% Return of Premium after attaining age 76 years to 95 years for Single Life

Joint Life Option-8 Life annuity for Joint Life

Annuity Option-9 Life annuity with Return of Premium for Joint Life
Single Life
Option-10 Life annuity with Return of Purchase Price for Single Life
Single Annuity
Premium Joint Life
Option-11 Life annuity with Return of Purchase Price for Joint Life
Annuity
 Min Age at Entry 20 yrs last birthday
Max Age at Entry For Annuitant/Primary Annuitant
Annuity Option Age in years (last birthday)
Option: 1, 2, 8, 9, [10 & 11(Single 80 minus Deferment Period
premium)]
Option: 5, 6 & 7 70 minus Deferment Period
Option: 3 & 4 65 minus Deferment Period
For Secondary Annuitant
Option: 8 & 9 75 yrs last birthday
Option: 11 (Single premium) 79 yrs last birthday
Eligibility Minimum Vesting Age Option: 1 to 9 35 years (last birthday)
Option: 10 & 11 (Single premium) 31 years (last birthday)
Conditions
Maximum Vesting Age: For Annuitant/Primary Annuitant
Annuity Option Age in years (last birthday)
Option:1, 2, 8, 9, 10 & 11 80 yrs
Option:5,6 & 7 70 yrs
Option:3 & 4 65 yrs
Option Term
Deferment Period Option: 1 to 9 5 to 15 years
Option: 10 & 11 (Single premium) 1 to 15 years
Premium Payment Term: Regular Premium(Same as Deferment Period) and Single Premium
Premium Payment Mode Yearly, Half-yearly, Quarterly, Monthly(NACH or SSS) and Single Premium
Mode of Annuity Payment Yearly, Half-yearly, Quarterly, Monthly in arrears
Minimum Yearly Premium(Regular Premium):

Minimum Yearly Premium (Rs.) in case of Regular Premium

Annuity Deferment Period (10 to 15) Deferment Period (7 to 9) Deferment Period (5 to 6)

Option
Age 55 years & Age below 55 Age 55 years & Age below Age 55 years & Age below 55
above years above 55 years above years
Option-1 11,000 16,000 18,000 25,000 28,000 37,000
Option-2 14,000 17,000 24,000 27,000 37,000 40,000
Option-3 16,000 17,000 27,000 27,000 42,000 41,000
Option-4 18,000 18,000 31,000 29,000 50,000 44,000
Option-5 15,000 17,000 25,000 27,000 39,000 40,000
Option-6 16,000 17,000 27,000 27,000 44,000 40,000
Option-7 15,000 17,000 25,000 27,000 40,000 40,000
Option-8 16,000 17,000 26,000 27,000 39,000 40,000
Option-9 17,000 17,000 27,000 27,000 41,000 41,000
 Minimum Purchase Price for Single Premium:
Minimum Purchase Price (in case of Single Premium):
Deferment Period (10 to 15) Deferment Period (5 to 9) Deferment Period (1 to 4)
Annuity
Option Age 55 years Age below 55 Age 55 years Age below Age 55 years Age below 55
& above years & above 55 years & above years
Option-1 1,00,000 1,25,000 1,50,000 1,65,000 2,05,000 2,10,000
Option-2 1,25,000 1,30,000 1,70,000 1,70,000 2,15,000 2,15,000

Minimum additional Premium for Top-up Annuity:

Minimum Additional Premium for Topup Annuity Rs 50,000

No Limit for Maximum Premium

Minimum Annuity at the time of Vesting:

Minimum Annuity at the time of Vesting:

Annuity Mode MONTHLY QUARTERLY HALF-YEARLY YEARLY

Rs 1000 Rs 3000 Rs 6000 Rs 12000
Minimum Annuity per month per quarter per Half Year per annum
Top-up Annuity:

• Additional Premium can be paid any time during the deferment period, provided policy is in full
force

• Annuity will be based on the prevailing annuity rates

• Each top up will be treated as independent Single Premium and can be surrendered
independently of the base policy or other topup premiums. But, if base policy is surrendered, all the
topups will also be surrendered
Liquidity Option:

• Liquidity facility is for annuities with return of premium option only (Under Annuity Options 2, 9, 10 and 11)

• Option to receive portion of the premium/purchase price after 5 years from the commencement of the
annuity

• Annuity and other benefits will proportionately reduced

• Liquidity facility not applicable for topup payments

• Can be exercised maximum 3 times under the policy

• Cannot exceed 60% of total premiums paid

Advanced Annuity Option:

• Under Joint Life Annuity Options with Return of Premium (Option-9 and 11)

• On first death of either Annuitants, the surviving annuitant will have the option to withdraw
discounted cash flow (1% to 100%)of annuity payable during the “advance annuity period” as a
lumpsum

• Maximum advance annuity period is of 5 years

• Option can be exercised after end of deferment period, within 6 months of death of first annuitant
INCENTIVES to Customers:

Incentive for higher Premium (Rs.) Annuity increases for following slabs at increasing rates
Ages Upto entry age 54 yrs and Entry age 55 yrs and above

Annual Equivalent Premium Range (Rs.)

Annuity Option 1 to 9 50,000 75,000 1,00,000 Greater than

to to to or equal to
74,999 99,999 1,99,999 2,00,000

Single Premium Purchase Price (Rs.)

Annuity Option 10 and 11 3,00,000 5,00,000 10,00,000 Greater than

to to to or equal to
4,99,999 9,99,999 24,99,999 25,00,000
INCENTIVES to Customers:

Incentive for Online Sale/CIS:

Incentive by way of increase in Tabular yearly annuity rate per Rs. 1,000 Annual Equivalent Premium/Purchase
Price
Regular Premium Single Premium
Deferment Period Incentive (%) Deferment Period Incentive (%)
5 years 4.00%
6 to 10 years 3.50% 1 to 15 years 2%
11 to 15 years 3.00%

INCENTIVES to Customers:

Incentive for Direct purchase from proceeds of existing Deferred Annuity / Pension plans or Group
Superannuation Schemes:
2% increase in Tabular yearly annuity rate per Rs.1,000 Purchase Price
INCENTIVES to Customers:
Incentive for existing Policyholders/ Nominee/Beneficiary of the Corporation
Incentive by way of increase in Tabular yearly annuity rate per Rs. 1,000 Annual Equivalent Premium/Purchase Price
provided the new policy is taken through any Agent/Corporate Agent/ Broker/ Insurance Marketing Firm
Incentive (%)
Category of Policyholder Regular Premium Single Premium
In case an existing Policyholder having a policy with the Corporation which
has matured within one year before the submission of proposal under this
product and purchases this plan on his/her life and/or on the life of any of
the family members.

or

If this plan is purchased by Nominee/Beneficiary of the deceased 0.50% 0.25%

Policyholder where death claim is paid within one year before the
submission of proposal under this product.

or

If this plan is purchased by an existing Policyholder having an inforce policy

with the Corporation.
Death Benefit:
• (A)Single Life: (Options 1 to 7 and 10)
• Death During Deferment period:
• 105% of Total Premiums Paid upto the date of death shall be payable to nominee(s)

• Death After Deferment period: Annuity payment Ceases

• For Life Annuity without return of Purchase Price:(Option 1)
• No Death Benefit is payable and policy will Terminate

• For Annuity options with return of Purchase Price: (Options 2 and 10)
• 100% of Total Premiums Paid shall be payable to nominee(s)

• For Annuity options with return of Purchase Price after attaining ages 75/80/76 to 95 years:(Options 3 to 7)
• 100% of Total Premiums Paid Less Sum of Early Return of Premium already paid till the date of death, if any, shall be payable to
nominee(s)
Death Benefit (continued):
• (B)Joint Lives (Options 8,9 & 11)
• Death During Deferment period:
• On First Death (of either of the covered lives):
• No Death Benefit shall be payable and policy shall continue with payment of due Premiums, if any
• On death of the last survivor:
• Death Benefit equal to 105% of Total Premiums Paid upto the date of death shall be payable to nominee(s)
• Death After Deferment period:
• On First Death (of either of the covered lives): ( Options 8, 9 & 11)
• No Death Benefit shall be payable and 100% of the annuity amount shall continue to be paid as long as the last survivor is alive.
• On death of the last survivor: Annuity payment Ceases
• Option 8: Life Annuity without return of Purchase Price
• No Death Benefit is payable and policy will Terminate
• Option 9 and 11 with return of purchase price:
• 100% of Total Premiums Paid shall be payable to nominee(s)
Options available for payment of Death Benefit to nominee:

• Lumpsum Death Benefit

• Annuitisation of Death Benefit

• In Instalments, subject to minimum as below:

Mode of Installment payment Minimum installment amount

Monthly Rs. 5,000/-
Quarterly Rs. 15,000/-
Half-Yearly Rs. 25,000/-
Yearly Rs. 50,000/-
Surrender:
• Under Single Premium Policies: Can be surrendered, any time on payment of Purchase Price.
• Under Regular Premium Policies: Can be surrendered, any time during or after Deferment Period provided
premiums have been paid for at least two consecutive years.

Loan:
• Available under the options with Return of Premiums
• Within Surrender Value
• During or after the deferment period
• Maximum loan amount such that loan interest should not exceed 50% of the annual annuity payable, subject to
max 80% of the Surrender Value

Revival
• Can be done within a period of 5 consecutive years from the date of First Unpaid Premium
Why Customer should buy?

• For Guaranteed Annuity cash flow

• Higher incentives for existing customers

• Higher incentives for higher ages

• Flexible premium payment options of Single Premium and 5 to 15 years in regular premium

• Flexible deferment period to commence annuity

• Suitable for Professionals with high income earing capacity for a limited period like actors, sportsperson, etc.

• Suitable for retirement planning at younger ages

• Suitable for people with irregular incomes

• Liquidity options available

Why Agent should sell?

• Annuity help create cash flows independent of the customer’s age, job/profession and its earnings.

• Annuities cover the risk of living too long and the healthcare costs.

• Agents can help their customers with their retirement planning.

• Easy to sell as with simple underwriting

• Agents can offer higher annuity rates to all their existing customers like a loyalty reward

• Customers whose policies are maturing can be advised to invest in LIC’s Jeevan Dhara II and earn higher
annuity rates

• Broad target age segment from 20 years to 75 years of age

• Agents will earn trust and goodwill of their customers by providing right advice for life stage needs
For further details:
Refer to LIC’s Jeevan Dhara II brochure
Central Office
Meet your LIC Agent or visit www.licindia.in Marketing Dept.