LIC Scheme: The minimum term under LIC’s Jeevan Pragati Bima Yojana is 12 and 20 years. People from 12 to 45 years can buy this insurance scheme.
LIC Jeevan Pragati Plan: If you are interested in investing, then you can get good returns by investing in this insurance plan of LIC. Because Life Insurance Corporation, the country’s largest government insurance company, offers Insurance Scheme for every class of people.
In this, along with security, the option of investment is also available and a good amount is provided on completion of maturity. Life Insurance Corporation of India’s Jeevan Pragati Bima Yojana (LIC Jeevan Pragati Bima Yojana) can make you a millionaire in a few years. In this, by depositing Rs 200 every day, you can raise an amount of up to Rs 28 lakh on maturity.
If you are planning to invest in LIC, then you can buy Jeevan Pragati plan. Lifetime protection is given to people by investing in LIC’s Jeevan Pragati insurance plan. Also, if Rs 200 is invested in it on a daily basis, then Rs 6,000 will be deposited under this scheme in a month.
This means that 72 thousand rupees will be deposited annually. Then on completion of 20 years, you will get Rs 28 lakh in this scheme along with the bonus.
In this insurance plan, the risk cover keeps on increasing every five years. This means that every five years the sum assured will increase. Talking about death benefit, after the death of the policy holder, bonus and sum assured are given to his family or nominee.
These Are The Rules of The Scheme
- The minimum term under LIC’s Jeevan Pragati Bima Yojana is 12 and 20 years.
- People from 12 to 45 years can buy this insurance scheme.
- Under this scheme, the premium amount can be deposited on quarterly, half yearly and yearly basis.
- The minimum Sum Assured is 1.5 lakh and there is no limit on the maximum.
This is How You Will Get insurance Coverage
If someone has bought an insurance policy of Rs 4 lakh in this scheme, then after five years it will become Rs 5 lakh. After this, for 10 to 15 years, it will be Rs 6 lakh and in 20 years, this amount will be Rs 7 lakh. You will not get a better chance than this anywhere. Therefore, the sooner you take advantage of this scheme, the better the returns you will get.
