LIC Plan: If you are also thinking of investing money in any LIC policy, then you can invest in the Jeevan Pragati plan. Let us provide you with more information about this plan:
LIC Jeevan Pragati Plan: LIC is presenting a special plan for you, in which you will get full 28 lakhs.. you can invest in the Jeevan Pragati plan). In this scheme, you can make a corpus of 28 lakhs every day by investing Rs 200. Along with this, you will also get lifelong security in this government scheme.
How much will you have to invest?
Investors in this insurance are required to make daily investments of Rs 200, totaling Rs 6000 each month. You would receive the full 28 lakhs upon maturity if you invest for 20 years (LIC maturity). You will also receive a risk cover in addition to this.
Risk cover increases in 5 years
If the depositor dies during the course of the policy, the policy money will be given to his nominee. The investors’ risk cover increases every five years, which is the most significant feature of the LIC Jeevan Pragati plan. In other words, your payment increases after five years.
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Let us explain the unique features of this plan:
The minimum and maximum terms of this policy are 12 and 20 years, respectively.
The maximum investment age of this policy is 45 years.
This plan gives the benefits of non-linked, savings and protection.
In this, you have to pay a premium on a yearly, quarterly, and half-yearly basis.
A minimum amount of Rs 1.5 lakh can be invested as Sum Assured.
The amount that can be invested in this is not capped.
Surrender value can also be taken
Let us tell you that if the policyholder has paid the premium for 3 years, then he can surrender the policy and he will get the surrender value.
how to die
BENEFITS Coming to the death benefits, the Sum Assured + Simple Reversionary Bonus (Accrued Bonus) + Final Additional Bonus (if any) is paid to the nominee on the death of the policyholder.
How does coverage increase?
Suppose an investor takes a policy of Rs 2 lakh, then the coverage for the death benefit will remain the same for the first 5 years. The coverage for 6 to 10 years will cost Rs 2.5 lakh at the same time. In addition, in 10 to 15 years, the coverage will rise to 3 lakh. On the other hand, if someone dies between 16 to 20 years after taking the policy, then he will be given a coverage of Rs 4 lakh.
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