Today we are going to tell you about the New Jeevan Dhara-II policy of Life Insurance Corporation of India (LIC), through which you can get a lifelong pension.

Today we are going to tell you about the New Jeevan Dhara-II policy of Life Insurance Corporation of India (LIC), through which you can get a lifelong pension.

The unique feature of this policy is that it offers different premium payment options. Individuals can choose between regular premium payments or a lump-sum premium payment, depending on their financial situation. LIC has set the minimum entry age for the policy at 18 years. The maximum entry age can be 65 or 70 years, depending on the pension option chosen and the moratorium period.

The minimum age for pension initiation is 30 years. Life Insurance Corporation of India (LIC) provides an annuity (pension) for life, as per the policy terms, after the moratorium period selected in this policy is completed. This can provide regular income support after retirement.

PC: Aaj Tak