LIC Jeevan Dhara II (Plan 872) was a deferred annuity plan sold from 22 January 2024 to 1 January 2025. You paid regular premiums over a 5 to 15-year deferment, or a single premium, and the pension rate was locked in at the start. A 45-year-old paying ₹50,000 a year for 15 years under Option 2 gets about ₹86,740 a year for life from age 60.
Jeevan Dhara II 872 Pension Calculator
Your estimate
from age 60, for life
per instalment in the payout mode chosen
- Vesting age
- 60 years
- Total premium paid
- ₹7,50,000
- Yearly pension as % of premiums
- 11.10%
- Death benefit during deferment (max)105% of premiums paid till death
- ₹7,87,500
- Paid to nominee on death after vesting
- ₹7,50,000
- Survival benefits (money back)
- ₹0
- Total premium paid₹7,50,00026%
- Pension received till age 85₹20,81,70074%
Premium paid vs pension received (cumulative)
| Age at entry | Premium paid | Pension received | Survival benefits (money back) |
|---|---|---|---|
| 60 years | ₹7,50,000 | ₹0 | ₹0 |
| 65 years | ₹7,50,000 | ₹4,16,340 | ₹0 |
| 70 years | ₹7,50,000 | ₹8,32,680 | ₹0 |
| 75 years | ₹7,50,000 | ₹12,49,020 | ₹0 |
| 80 years | ₹7,50,000 | ₹16,65,360 | ₹0 |
| 85 years | ₹7,50,000 | ₹20,81,700 | ₹0 |
| 90 years | ₹7,50,000 | ₹24,98,040 | ₹0 |
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is LIC Jeevan Dhara II Plan 872?
LIC Jeevan Dhara II (Plan 872, UIN 512N364V01) is a non-linked, non-participating, individual savings deferred annuity plan. You build up the policy during a deferment period, and from the vesting date LIC pays a pension for life at a rate that was guaranteed when you bought the policy.
LIC launched the plan on 22 January 2024 and withdrew it on 1 January 2025, so it was on sale for less than a year. If you hold one, your annuity rate is locked in; the calculator helps you estimate the pension and payout pattern. It carries forward the idea of the older New Jeevan Dhara I (Plan 148), but with guaranteed rates from day one.
Jeevan Dhara II at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 872 / 512N364V01 |
| Sold | 22 January 2024 to 1 January 2025 |
| Premium type | Regular (during deferment) or single |
| Deferment | 5 to 15 years (regular), 1 to 15 years (single) |
| Annuity options | 11 (Options 1 to 9 regular, 10 and 11 single) |
| Minimum premium | ₹12,000 a year (₹1,000 a month) |
| Entry age | From 20 years; maximum depends on option and deferment |
| Minimum vesting age | 35 years (31 for Options 10 and 11) |
| Pension modes | Yearly, half-yearly, quarterly, monthly |
| Death in deferment | 105% of premiums paid |
How the pension is estimated
The calculator uses published illustration rates for each option and deferment period and interpolates for years in between:
- Regular premium: yearly pension ≈ annual premium × the option’s rate for your deferment.
- Single premium: yearly pension ≈ purchase price × the rate for Option 10 or 11.
- Payout mode: monthly pension is slightly lower in total than yearly, because LIC pays in arrears more often.
The rates reflect entry around age 45. Actual rates also vary with age, so treat results as estimates.
Worked examples
| Scenario | Yearly pension | Pension starts |
|---|---|---|
| Age 45, ₹50,000 a year × 15 years, Option 2 | ₹86,740 (₹6,939 a month in monthly mode) | Age 60 |
| Age 40, ₹1 lakh a year × 15 years, Option 1 | ₹2,01,012 (₹16,751 a month) | Age 55 |
| Age 50, ₹10 lakh single premium, 10-year deferment, Option 10 | ₹1,21,728 (₹10,144 a month) | Age 60 |
In the first example you pay ₹7,50,000 in total. The pension of ₹86,740 is about 11.6% of that each year, and on death after vesting Option 2 returns the full ₹7,50,000 to the nominee.
Tip: Option 1 pays the highest pension but nothing to your family after vesting. If leaving a lump sum matters, Option 2 costs roughly 17% of the pension in the example above.
The 11 annuity options in brief
- Option 1: life annuity for a single life.
- Option 2: life annuity with return of premiums on death.
- Options 3 and 4: 50% or 100% of premiums paid back at age 75, with the balance on death.
- Options 5 and 6: the same at age 80.
- Option 7: 5% of premiums paid back each year from 76 to 95.
- Option 8: joint-life annuity, continuing to the surviving spouse.
- Option 9: joint-life with return of premiums after the second death.
- Options 10 and 11 (single premium): single or joint life with return of purchase price.
Death benefit
During deferment the nominee receives 105% of premiums paid till death. After vesting, what the family gets depends on the option: nothing under Options 1 and 8, total premiums under Options 2 and 9, the purchase price under 10 and 11, and the unreturned part of premiums under Options 3 to 6.
Tax treatment
Premiums qualify under Section 123 of the Income-tax Act, 2025 (earlier Section 80CCC) (within the overall ₹1.5 lakh cap, old regime). The pension is taxable as income under your slab. Since 22 September 2025 there is no GST on premiums for individual annuity policies; earlier receipts may show GST.
What to consider now
Because the plan is closed, the questions for holders are practical: keep paying through the deferment so the guaranteed rate applies to the full corpus, and choose the payout mode that suits your cash flow. If you are shopping for a new pension, compare New Jeevan Shanti 758 or use the pension calculator.
How to use this calculator
Pick the premium type and option, enter your age, deferment and premium or purchase price, and choose the payout mode. You get the yearly pension, instalment amount, vesting age, total premiums, death benefit and a table of premium paid versus pension received up to age 90.
Frequently asked questions
Is LIC Jeevan Dhara II still available?
No. Plan 872 was launched on 22 January 2024 and withdrawn on 1 January 2025. Existing policies continue with their guaranteed annuity rates. New buyers can look at LIC's other annuity plans, such as New Jeevan Shanti for a deferred pension.
How much pension will I get from Jeevan Dhara II?
It depends on premium, deferment and option. For example, ₹50,000 a year for 15 years from age 45 under Option 2 gives about ₹86,740 a year from age 60. Under Option 1, a 40-year-old paying ₹1 lakh a year for 15 years gets about ₹2,01,012 a year.
What is the deferment period in Jeevan Dhara II?
The deferment is the gap between buying the policy and the first pension. It is 5 to 15 years for regular premium policies, during which you keep paying, and 1 to 15 years for single premium policies.
What happens if the policyholder dies during the deferment period?
The nominee receives 105% of the premiums paid up to the date of death. Under joint-life options the benefit is paid on the death of the last survivor.
Is the Jeevan Dhara II pension taxable?
Yes. Premiums count for the Section 123 (earlier 80CCC) deduction within the overall ₹1.5 lakh limit in the old regime, but the pension itself is taxed as income in the year you receive it.
Which annuity option returns my premiums?
Options 2 and 9 return total premiums on death after vesting, Options 10 and 11 return the purchase price, and Options 3 to 7 pay part or all of the premiums back while you are alive, at 75, 80 or in yearly 5% instalments from 76 to 95.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.