LIC Jeevan Dhara II Calculator (Plan No. 872)

Although the LIC Jeevan Dhara II plan has now been withdrawn by LIC of India, existing policyholders can continue to enjoy the promised benefits and use the LIC Jeevan Dhara Pension calculator for accurate calculations.

Read on to know more about the LIC Jeevan Dhara II plan 872 calculator.

What is LIC Jeevan Dhara II calculator?

The LIC Jeevan Dhara II calculator is a digital tool by LIC of India, which you can use to calculate the amount of pension under the Jeevan Dhara LIC plan. It removes the complexity of figuring out annuity payments and provides you better understanding of your financial future. If you have a Jeevan Dhara pension plan 872, this tool is very helpful in assessing various situations. Besides that, it will also help you understand the important parts of the Jeevan Dhara LIC policy that will help you take the next step in decision-making. Policyholders of LIC Jeevan Dhara II (Plan No. 872) can also use it to compare benefits and understand the changes in the newer version.

How Does the LIC Jeevan Dhara II Calculator Work?

The LIC Jeevan Dhara policy calculator for plan 872 works by taking a few key inputs related to your investment in the Jeevan Dhara LIC plan and then estimating your pension under the LIC Jeevan Dhara pension plan.

• You start by entering your age, as per the eligibility defined in the Jeevan Dhara LIC policy details.

• Then, you select the premium type, either single or regular, depending on how you want to invest in the Jeevan Dhara policy of LIC.

• Next, you enter the premium amount you plan to pay towards the Jeevan Dhara pension plan. If you opt for a regular premium, you also choose the number of years you want to pay, which forms part of the Jeevan Dhara LIC plan structure.

• After that, you select a deferment period between 5 and 15 years. This determines when your annuity will begin under both LIC Jeevan Dhara II and LIC Jeevan Dhara (Plan No. 872).

• Then, you choose an annuity option based on your preference and the available Jeevan Dhara LIC policy details.

• Finally, you click on calculate. The LIC Jeevan Dhara policy calculator processes all inputs and shows your estimated pension.

You can also use this LIC calculator to view your expected monthly or yearly income under the LIC Jeevan Dhara pension plan.

Sample Calculation Using LIC Jeevan Dhara II Calculator

For Regular Premium

Annual Premium : 50,000/- (excluding applicable taxes)

Age of Annuitant at entry: 45 years (Last Birthday)

Age of Secondary Annuitant at entry: 40 years (Last Birthday)

(applicable for Option 8 & 9)

For the above combination of premium amount and age(s) of annuitant, yearly annuity amount for different Deferment period are as follows:

For Single Premium:

Purchase Price: 5,00,000/- (excluding applicable taxes)

Age of Annuitant at entry: 45 years (Last Birthday)

Age of Secondary Annuitant at entry: 40 years (Last Birthday)

(applicable for Option 11)

For the above combination of purchase price and age(s) of annuitant, yearly annuity amount for different Deferment period are as under:

Benefits of LIC Jeevan Dhara II Calculator

Clear Retirement Income Estimates

The LIC Jeevan Dhara II calculator makes it simple to understand your future income under the Jeevan Dhara LIC plan. It removes guesswork and helps in financial planning with confidence.

Accurate Annuity Calculation

By entering age, premium amount, payment term, and deferment period, the LIC Jeevan Dhara policy calculator estimates your annuity. The LIC Jeevan Dhara pension calculator then shows expected monthly or yearly income under the LIC Jeevan Dhara pension plan.

Know Your Total Premiums

The calculator provides a clear view of total premiums paid into the Jeevan Dhara LIC policy. It also highlights survival benefits and death benefits as per the Jeevan Dhara LIC policy details.

Compare Annuity Options Easily

You can explore different annuity options within the Jeevan Dhara pension plan. Using the LIC Jeevan Dhara policy calculator multiple times helps identify the best fit, especially when comparing with LIC Jeevan Dhara (Plan No. 872).

Improved Transparency and Planning

The LIC Jeevan Dhara II calculator enhances clarity about your Jeevan Dhara LIC policy details. This allows smarter decisions and ensures your LIC Jeevan Dhara pension plan aligns with your retirement goals.

Wrapping up

The LIC Jeevan Dhara II calculator is a practical tool for anyone planning retirement through the Jeevan Dhara LIC plan. It simplifies calculations and gives you a realistic estimate of your pension. With a better understanding of Jeevan Dhara LIC policy details, you can confidently move towards a financially secure future.