Jeevan Pragati Policy Details: LIC Jeevan Pragati Policy not only provides good insurance cover, but it also gives good returns to the people after maturity. This policy scheme of LIC can help you earn lakhs in a few years.
Jeevan Pragati Policy Details: Life Insurance Corporation of India (LIC) keeps bringing you insurance policies that offer both live cover and huge returns. This is the reason that even after decades, no private insurance company is even close to capturing the market share of LIC. LIC also runs comparatively short term plans like LIC Jeevan Pragati Policy.
LIC Jeevan Pragati Policy not only provides good insurance cover, but it also gives good returns to the people after maturity. This policy scheme of LIC can help you earn lakhs in a few years.
Investment will have to be made for 12 to 20 years
Under LIC Jeevan Pragati Bima Yojana, a person has to invest for 12 years to 20 years.
If you invest Rs 200 per day i.e. Rs 6,000 per month, then after the maturity period of 20 years you can get Rs 28 lakh.
This plan will also provide you lifetime protection. This amount comes to Rs 72,000 per year.
Under this policy of LIC, the sum assured of the insured person increases every five years. After the death of a person, his nominee gets the money.
Understand the mathematics:
If someone has purchased an insurance policy of Rs 4 lakh under this scheme, then after 5 years the insurance amount will become Rs 5 lakh. After 10 to 15 years this amount will become Rs 6 lakh and after 20 years this amount will become Rs 7 lakh.
Those people whose age is between 12 to 45 years can avail the benefit of this policy. The minimum sum insured is Rs 1.5 lakh; There is no limit on the maximum amount.
