Life Insurance Corporation of India’s (LIC) “Jeevan Pragati” plan is an attractive investment option, which provides big benefits from small savings. In this plan, you can get a lump sum of ₹ 28 lakh by investing ₹ 200 daily.
Key points of the plan:
Investment period and age limit:
The policy term can be a minimum of 12 years and a maximum of 20 years.
This policy can be taken by people between the age of 12 to 45 years.
Investment and Returns:
By investing ₹200 daily, ₹6000 will be accumulated per month.
₹72,000 will be deposited annually, resulting in a total investment of ₹14,40,000 in 20 years.
Adding all the benefits under the scheme, a total fund of ₹ 28 lakh will be available.
Risk Cover and Benefits:
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In this policy the risk cover increases every five years.
Death benefits include Sum Assured, Simple Reversionary Bonuses, and Final Bonus paid together on the death of the policyholder.
Increasing coverage:
If you have taken a policy of ₹2 lakh, the coverage will be normal for the first five years.
The coverage will increase to ₹2.5 lakh over six to 10 years.
In 10 to 15 years the coverage will increase to ₹ 3 lakh and the coverage will keep increasing like this.
Under this plan, you can get financial security for life with a guaranteed and long-term investment. Contact LIC branch or agent to get more information about this plan.
