In short (tl;dr)
Jeevan Dhara II is a deferred annuity. Entry starts at age 20 and the deferment period runs up to fifteen years.
About LIC Jeevan Dhara II
Jeevan Dhara II (Plan 872) is a non-linked, non-participating deferred annuity. The entry age starts at 20 — far younger than LIC's other pension products — which lets someone build a guaranteed retirement income decades in advance.
Deferment runs from 5 to 15 years, and the annuity rate is guaranteed at inception. The plan offers both single life and joint life options, with and without return of purchase price, and pays higher rates to people with disabilities under its incentivised rate structure.
Because the deferment can be longer than New Jeevan Shanti's twelve years, and the entry age much younger, Jeevan Dhara II is the plan to use when the retirement date is a long way off and you want the rate fixed now.
Key features
- Entry age from 20 years — the youngest of LIC's annuity plans
- Deferment period of 5 to 15 years
- Single life and joint life options, with or without return of purchase price
- Annuity rate guaranteed from inception
- Higher annuity rates available for people with disabilities
Jeevan Dhara II at a glance
- Plan number
- 872
- Category
- Pension & Annuity
- Entry age
- 20 to 65 years
- Minimum purchase price
- ₹1,00,000
- Maximum maturity age
- 100 years
- UIN
- 512N364V01
LIC publishes a page for this plan. It does not state the plan number or UIN on the page itself, so treat those two rows here as unconfirmed. Check it on licindia.in
Benefits under Jeevan Dhara II
Death benefit
Under the return of purchase price options, the purchase price plus accrued additions is paid to the nominee. Under the life-only options nothing is payable after the annuity has commenced.
Vesting
None. The annuity vests at the end of the deferment and continues for life.
Who it suits
Someone in their thirties or forties who wants to lock a pension rate decades ahead of retirement.
What to watch out for
Locking a rate for fifteen years cuts both ways. If rates rise, you are stuck with today's. Consider staggering purchases across several years rather than committing everything at once.
How this calculator works
Jeevan Dhara II is priced here on its own parameters, not a generic formula. We build the plan's full cash-flow schedule — the death benefit in each policy year, every survival payout, and the maturity value — and discount it on a basis calibrated to a reference premium for this plan. That reference is checked two ways: against LIC's published tabular rate, and against the return the plan's own benefits imply for the policyholder.
- Reference premium
- Published annuity rates at age 50
- Discount basis
- 35.00% a year, on LIC (2012-14) Ultimate mortality
- GST
- Nil. Individual life insurance premiums have been exempt from GST since 22 September 2025, so the instalments shown are what you actually pay.
Bonus rates are declared annually and are not guaranteed; only the sum assured and any contractual guaranteed additions are. Read our editorial and methodology policyfor the full basis, and confirm every figure with LIC before you buy.
Check the source:Jeevan Dhara II on licindia.inLIC valuation and bonus declarationsIRDAI regulations
LIC Jeevan Dhara II — frequently asked questions
What is the minimum entry age for Jeevan Dhara II?
20 years, which is the lowest of any LIC annuity plan. The maximum is 65.
What deferment periods does Jeevan Dhara II allow?
5 to 15 years. That is longer than New Jeevan Shanti's maximum of 12, which makes Jeevan Dhara II the choice when retirement is further away.
Does Jeevan Dhara II offer higher rates for people with disabilities?
Yes. The plan includes an incentivised annuity rate structure for annuitants who are persons with a benchmark disability, subject to the documentation LIC specifies.
Related calculators
Plans people usually weigh up against Jeevan Dhara II before deciding.
New Jeevan Shanti
No. 758Buy the pension now, start drawing it up to twelve years later at a locked-in rate.
Open calculatorJeevan Akshay-VII
No. 857Hand over a lump sum, start drawing a guaranteed income immediately, for life.
Open calculatorSmart Pension
No. 879LIC's newest immediate annuity, with liquidity features the older plans lack.
Open calculatorJeevan Umang
No. 7458% of the sum assured every year for life once premiums finish, and cover to age 100.
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