LIC is the largest insurance company in India. Today it is present in every house of the country. By investing in this scheme of LIC, you can get a profit of Rs 28 lakh.
Life Insurance Corporation of India always brings some new insurance policy keeping in mind its customers. The main objective of these insurance policies is to provide life cover and huge returns. This is the reason why even after decades no private insurance company is even close to capturing the market share of LIC. LIC also runs comparatively shorter term plans like LIC Jeevan Pragati Policy.
LIC Jeevan Pragati Policy not only provides a good insurance cover, but it also gives good returns to the people after maturity. This policy plan of LIC can earn you lakhs in a few years.
Under LIC Jeevan Pragati Bima Yojana (LIC Jeevan Pragati Bima Yojana), a person has to invest between 12 years to 20 years.
If you invest Rs 200 per day, which is Rs 6,000 per month, you can get Rs 28 lakh after the maturity period of 20 years. It also gives you lifetime protection. This amount is Rs 72,000 per year.
Under this policy of LIC, the sum insured of the insured person increases every five years. The nominee of a person gets the money after his death.
Under this scheme, if someone has bought an insurance policy of Rs 4 lakh, then after 5 years the sum insured will be Rs 5 lakh. After 10 to 15 years it will be Rs 6 lakh and after 20 years this amount will be Rs 7 lakh. It is known that those people whose age is between 12 to 45 years can take advantage of this policy. The minimum sum assured is Rs 1.5 lakh. However, there is no cap on the maximum amount.
