Amazing plan with LIC where you can pay Rs 200 and get upto Rs 28 Lakhs
In today’s time there is more awareness among people about saving for future. But many people are skeptical in understanding exactly which scheme will give them the highest maturity. If you also have doubts then this post is for you.
Yes friends in today’s post we are going to know complete details about LIC Jeevan Pragati Policy. So read this post completely and know who can save in this LIC Jeevan Pragati Policy, how much can be saved and what benefits are available if you save.
LIC Jeevan Pragati Policy in English :
LIC’s Jeevan Pragati Plan is a non-linked, savings and profit generating plan. Under the Jeevan Pragati Scheme (No.838) the death sum assured increases once every five years.
You have to invest in this policy for 12 – 20 years. You can pay the premium amount of this Pragati policy in annual, half-yearly and quarterly amounts. If not, you can pay monthly.
LIC Jeevan Pragati Policy Eligibility in English :
Any Indian citizen between the ages of 12 to 45 can join this scheme. You have to invest in this policy for 12 – 20 years. That means you can have a maximum age of 65 years when the policy matures.
Benefits of LIC Jeevan Pragati Plan:
That means if you pay 6000 rupees per month at the daily rate of 200 rupees of this Pragati scheme, you can get 28 lakh rupees as maturity benefit after 20 years. In this you have both accident insurance and death insurance.
In other words, accident insurance covers a minimum of Rs 10,000 and a maximum of Rs 1 crore.
It increases every 5 years. That means – 100% of the basic cover in the policy for 0 – 5 years, -125% of Basic Sum on 5 – 10 year policy, -150% of Basic Sum Assured on policy for 11 – 15 years, -200% of Basic Sum on 16 – 20 year policy This Pragati policy has incapacity and rider policy facility. This Pragati policy offers 2% discount on annual premium and 1% premium and discount on semi-annual payments.