• LIC New Jeevan Dhara-i Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    The New Jeevan Dhara – I Plan from Life Insurance Corporation of India is a deferred annuity, ‘with-profit’, pension plan that will provide a steady source of income to the policyholder at the completion of the policy tenure. The key benefit of this plan is that the policyholder is provided a risk cover during the policy tenure, and if the life assured were to pass away during this time, a death benefit will be paid to the nominee.

    Further, at maturity of the policy, the policyholder can claim a certain portion of the benefit amount as a lump sum and the other part as annuity payments. Policyholders can claim income tax benefits, as per prevailing tax laws.

    Sum Assured and Premium Range - What you get and what it costs?

    Sum Assured

    The sum assured is the minimum amount of money that will be paid to you or your nominee based on the eventuality. Thus, this sum of money is guaranteed to you by the insurer. Your sum insured is linked to the premium payable. Make sure to consider your needs and financial goals at the time of purchasing the policy.


    The premium is a certain fee that one pays to purchase the plan from the insurer. Post purchase, premiums will have to be paid regularly as per the premium payment mode to keep the policy from lapsing.

    Premium Payment Mode
    • Yearly
    • Half-Yearly
    • Quarterly
    • Monthly
    • Single Premium
    Premium Amount Will vary based on the sum assured, age at entry, riders opted for, etc.

    * Premiums vary based on age, location, plan term, GST, and other factors.

    Plan Coverage - What the New Jeevan Dhara – I Plan covers?

    Death Benefit Upon the death of the policyholder, the insurer will return all premiums paid throughout the policy tenure with the accumulated interest rate to the nominee.
    Maturity Benefit At maturity of the policy, the policyholder can encash a maximum of 25% of the maturity benefit. The remaining will be provided to the policyholder in the form of annuity payments. The policyholder can choose any one of the following annuity options:
    • Lifetime annuity payment
    • Lifetime annuity payment with a guaranteed period of 5,10, 15, or 20 years
    • Joint life and last survivor annuity
    • Lifetime annuity payment with return of purchase price upon the death of the policyholder
    • Annuity payments increasing at the rate of 3% per annum

    Riders/Add-On Plans – Additional coverage under the LIC New Jeevan Dhara – I Plan

    Policy buyers who are purchasing the LIC New Jeevan Dhara – I Plan can avail additional benefits by purchasing riders that the company offers. However, one will have to pay an additional premium for these riders.

    Exclusions - What the LIC New Jeevan Dhara – I Plan doesn’t cover?

    Exclusions as per the policy brochure will be applicable.

    Other Key Features of the LIC New Jeevan Dhara – I Plan

    Bonuses Under this policy, the policyholder is eligible to receive a Simple Reversionary Bonus and a Final Additional Bonus. The Simple Reversionary Bonus will be declared at the end of every financial year, while the Final Additional Bonus will be paid after the policy has been active for a certain predefined period.
    Surrender Value The policyholder can surrender a policy if he/she has had the policy for a minimum of 2 years. Upon surrendering the policy, the insurer will pay the policyholder either the Guaranteed Surrender Value or the Special Surrender Value, based on whichever is the higher of the two.

    Tax Benefits – How you can save with the LIC New Jeevan Dhara – I Plan?

    Policyholders are eligible to claim tax benefits under the prevailing laws of the Income Tax Act, 1961 for premiums. The nominee can also claim tax benefits under Section 80D of the same Act, if he/she receives a death benefit payout from the insurer.

    Other Benefits – How you can save with the LIC New Jeevan Dhara – I Plan?

    • Premium Calculator: Policyholders can calculate an estimate of the premium through the insurer’s website, by keying-in the name of the plan and certain other particulars.
    • Online Applications: Certain policy can be purchased directly through LIC’s official website. Thus, one will not have to visit the insurer’s office or go through an agent.
    • Premium Payment: Policyholders can pay their premium through the cash counter at the insurer’s branch via cash, cheque, or DD. Customers can also choose to pay the premiums online, via net banking, credit card, or debit card, through authorised banks, franchisees, or merchants.
    • Policy Status: Policyholders can also check the status of their policy and view key information about the policy through the insurer’s website.

    Why you should buy the New Jeevan Dhara – I Plan from Life Insurance Corporation of India?

    The New Jeevan Dhara – I Plan from LIC is a retirement/annuity plan that can guarantee financial security during the policyholder’s post-retirement years. In addition to providing a comprehensive risk cover, this plan also guarantees a lump sum maturity benefit and annuity payments.

    Coming to the insurer, Life Insurance Corporation of India (LIC) is a leading insurance firm in India. The company has a range of insurance plans on offer for both individuals and groups. LIC has reported a high claim settlement ratio (CSR) over the past few years, with a 98.33% CSR reported for FY15-16.

    Note: This plan has been withdrawn by LIC.

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