LIC launches a new pension plan-Jeevan Dhara

Siddhartha Mohanty, chairman Life Insurance Corporation(LIC) launched Jeevan Dhara, a non-linked, non-participating, individual, savings, deferred annuity plan. It has option to take death claim proceeds as lump-sum, in the form of annuitisation or in instalments. Minimum Age for buying Jeevan Dhara is 20 years (last birthday) and maximum age for entry is 80,70,65 years minus deferment period depending upon the annuity option chosen.