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Everyone is worried about their tomorrow. And why not? Tomorrow, when hands and legs will start giving up, all sources of income will gradually close, expenses on diseases will increase, and people will start becoming dependent on money, then whom will we turn to? Therefore, it is important that such a situation does not happen. Plan for tomorrow from today itself and protect old age in every aspect. To avoid financial crisis in old age, many people invest in various schemes. We are telling you about a scheme of Life Insurance Corporation of India, India’s largest government company, which will definitely provide support in old age.
Life Insurance Corporation of India (LIC) has launched the second edition of its most popular insurance plan Jeevan Dhara for retirement. LIC Jeevan Section-2 is an annuity plan with guaranteed income. This plan was launched last month on 22 January. LIC Jeevan Section 2 is a non-linked and non-participating annuity plan. Investment can be made in this both online and offline.
The minimum age to invest in LIC Jeevandhara-2 plan is 20 years. The maximum age limit is decided according to the annuity. The maximum age limit according to annuity can be 65, 70 and 80 years. LIC is offering 11 annuity options with this plan. The most special thing about LIC Jeevandhara-2 is its annuity guarantee. There are many benefits of LIC Jeevandhara 2 Pension Plan. Under Section 88 of Income Tax, LIC Jeevan Dhara Plan is eligible for tax benefits.
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What is annuity?
Annuity is a part of insurance. Under annuity, there is a contract between the insurance company and the insured. Under the contract, the insured invests a lump sum amount in the company. In future, instead, payment is made to the insured in the form of monthly, quarterly or annual installments. Annuity is mainly used for retirement. As long as the insured is alive, he will continue to receive a fixed amount. After his death the remaining amount is given to his heir.
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Tag: insurance policy, insurance policy, lic pension scheme, Life Insurance Corporation of India (LIC)
first published : February 15, 2024, 17:30 IST
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