LIC Jeevan Pragati Plan: If you are thinking of investing somewhere, then government schemes are the best option. Because this secure investment is known for good returns. If you are also thinking of investing money, then LIC will prove to be a great option for you.
Today we are telling you one such great plan of LIC, in which you can earn bumper profits. We are talking about LIC’s Jeevan Pragati Plan. Let us know what are the features of this scheme…
Know what is LIC Jeevan Pragati Plan
LIC’s Jeevan Pragati plan gives you strong profits. The biggest feature of LIC Jeevan Pragati plan is that it follows the rules of the Insurance Regulatory and Development Authority of India (IRDAI). The government helps the investors who invest money under this scheme in many ways. In this scheme, investors also get risk cover. Along with this, on the death of the investor, the family will also get the death benefit, which increases on the duration of every 5 years. This amount depends on the time at which you have taken the policy.
Investment in LIC’s Jeevan Pragati policy can be started from the minimum age of 12 years. While the maximum age to invest has been fixed at 45 years. Under this scheme, you have to invest money for 20 years. In this you will have to invest 200 rupees per day.
These are the specialty of LIC Jeevan Pragati Policy
After the death of the policy holder, 100 percent of the Basic Sum Assured will be paid to the family for 5 years.
In case of death of the investor between 6-10 years of the policy being active, 125% will be paid, 150% between 11-15 years and 200% between 16-20 years.
The policy holder will be given the benefit of accident benefit and disability rider.
On maturity of the Jeevan Pragati plan, the investor will be paid Rs 28 lakh.