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| LIC of India introduces three New Plans LIC's New Jeevan Dhara-II (Plan 892) LIC's Health Shield (Plan 907) & LIC's New Cancer Cover (Plan 908) | | |  Early Times Report
NEW DELHI, Oct 13: The CEO & MD of LIC of India, R. Doraiswamy launched three new plans today, LIC's New Jeevan
Dhara -II (Plan 892), LIC's Health Shield (Plan 907) & LIC's New Cancer Cover (Plan 908).
The salient features of these plans are as under.
LIC's New Jeevan Dhara -II (Plan 892, UIN: 512N398V01)
This is a Non-Par, Non-Linked, Individual, Savings, Deferred Annuity Plan that provides financial independence with guaranteed income after retirement.
The plan provides annuity payments for life after completion of the deferment period.
A wide range of annuity options are available to meet the diverse financial needs of annuitants.
It offers guaranteed annuity rates at the time of policy inception.
A unique feature of this plan is that Top-up Annuity facility is available by paying additional premium during the deferment period.
Flexibility to choose regular & single premium options and single-life and joint-life annuity options.
The minimum age at entry is 18 years (last birthday) and maximum age is 65/70 years (last Birthday) minus Deferment period as per annuity option exercised.
The Minimum Vesting age is 30 years (last birthday) for all annuity options while the maximum vesting age is 65/70 years (last birthday) depending on the annuity option selected.
Deferment Period is 2 to 15 years for Regular premium and 1 to 15 years for single premium.
Incentives are available for High Premium/Purchase Price, and also for existing Policyholders, Nominees/Beneficiaries of deceased policy holders of LIC.
LIC's Health Shield (Plan 907 UIN : 512N369V01)
13.10.2026 - PAN INDIA
This is a Non-Par, Non-linked, Health, Individual, Pure Risk Plan that provides fixed benefit coverage against specified health risks.
The plan offers comprehensive health coverage for the entire family.
It provides fixed "Daily Hospital Cash Benefit" during hospitalization and offers Lump-sum Payouts for major surgeries and critical illnesses.
Premiums are guaranteed throughout the policy term.
The minimum and maximum age at entry for the Principal Insured is 18 years and 65 years respectively (age last birthday).
Children aged 90 days (completed) and 20 years (last Birthday) are eligible for coverage as other insureds. |
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