If you are looking for a lic plan where you can write off huge funds with less investment then we suggest you to invest in lic jeevan pragati plan as this plan is available for 12 year olds to 45 year olds where the policy holder in this plan You can invest 200 rupees per day and get a lump sum of around 28 lakh rupees on maturity. Your money will be safe in this plan because in this plan you get the benefit of investment growth along with life insurance coverage. LIC Jeevan Pragati Plan
In this post you will know in detail about methods and benefits of investing in lic Jeevan Pragati Yojana If you are thinking of investing in lic Jeevan Pragati Yojana then it will be important for you to know what is the maturity date of who can invest in this plan How its fund is collected What is the risk cover and how the coverage increases you need to read the article completely.
LIC Jeevan Pragati Yojana is a special scheme of the country's largest insurance company Life Insurance Corporation of India which returns funds up to ₹ 28 lakh on every maturity of the policy holder with an investment of ₹ 200 per day if you through small savings. If you are trying to grow, we suggest you to opt for lic Jeevan Pragati Yojana
This plan is available for everyone from kids to old age in which you can invest up to Rs 200 per day and get a sum of up to Rs 28 lakhs on maturity you can get a good amount under this plan so if you are thinking of buying a policy then better for you. There is an option
Age limit of LIC Jeevan Pragati Yojana
LIC Jeevan Pragati Plan is a very good option for investors as it offers great benefits in which investors also get risk cover. The minimum age limit of this plan is 12 years to maximum 45 years
How will the contribution be collected in LIC Jeevan Pragati?
- For your information let us tell you that investing in the Jeevan Pragati Yojana provided by the Life Insurance Corporation of India gives excellent returns to the policyholder and lifetime protection if we talk about how a fund of Rs 28 lakhs is invested in this 31 The policy holder invests Rs 200 per day under this scheme
- Every month Rs 6,000 is invested in the plan and hence Rs 72,000 is invested annually If you want to buy this plan for a period of up to 20 years then you have to invest approximately Rs 14 lakh forty thousand on top of all the benefits available under the plan By adding you will get a total fund of 28 lakh rupees
Risk cover will increase in LIC Jeevan Pragati Yojana
You should know that in lic Jeevan Pragati Yojana the risk core gets every five years which means the amount you get will increase in five years. If we talk about death benefit then after the death of the policy India the lump sum including simple reversionary bonus and final bonus will be given to the nominee of the policy holder.
How does coverage increase in Jeevan Pragati Yojana of LIC?
What you need to know is that the maturity of this plan is maximum 20 years so you can take this policy from minimum 12 years to maximum 20 years This policy can be purchased for people aged 12 years to 45 years and the premium is paid quarterly, half yearly and annually. Let us tell you that the police amount is Rs 1.5 lakh and no maximum limit is fixed.
Suppose you can buy this policy for ₹ 2 lakh, then the death benefit will be normal for the first five years, after six years to 10 years, the coverage will be Rs 2.5 lakh, while in 10 to 15 years, the coverage will increase to Rs 3.5 lakh. Will increase in five years
How to buy LIC Jeevan Pragati Plan?
- To buy Jeevan Pragati plan you have to go to your nearest LIC office and contact an agent
- After this you have to tell the agent that you are interested in buying LIC Jeevan Pragati plan after which you will be provided with all the information related to Jeevan Pragati plan.
- And you will be asked to buy a maximum 20 year plan from outside? You can plan according to your convenience by choosing the maturity period.Premium can be paid quarterly, semi-annually or annually.
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