LIC Scheme: For those who want to take advantage of both Saving and Insurance, investing in LIC’s insurance policy is a very good option for them.
LIC Jeevan Pragati Bima Yojana: As the new year begins, common people start searching for various investment options to increase their income. But now you do not need to find any plan. In such a situation, investing in LIC’s insurance policy is a very good option for those who want to take advantage of both savings and insurance. Because Life Insurance Corporation of India is the largest and oldest life insurance company in the country. It has crores of customers across the country.
Let us tell you that LIC keeps coming up with different schemes for every section of the country. By investing in these schemes, you can get strong returns. You can become the owner of a strong fund in a few years by investing in LIC’s Jeevan Pragati Bima Policy. People between the age of 12 years to 45 years can invest in this policy.
In this scheme, you can pay the premium on the basis of every month, three months and 6 months. In this scheme, the policy holder will get a minimum sum assured of Rs 1.5 lakh. At the same time, there is no limit on the maximum sum assured. You can buy this policy for a period of 12 to 20 years.
This is how you will get the benefit of 28 lakhs
- By investing in LIC’s Jeevan Pragati plan, you can get a full corpus of Rs 28 lakh.
- If you invest Rs 200 every day, then you will have to invest Rs 6,000 every month.
- In this case, your annual investment will be of 72 thousand rupees.
- On investing in this scheme, the risk cover increases after every 5 years.
- In this case, if you have bought a policy for Rs 4 lakh, then after 5 years you will get a cover of Rs 5 lakh instead of Rs 4 lakh.
- After 10 years it will increase to 6 lakhs and after 15 years it will give a cover of 6 lakhs. At the same time, after 20 years, this policy will give a cover of 7 lakhs.
If a policyholder dies before the completion of the policy, then in this situation his family is given the sum assured as well as the bonus amount. In such a situation, on completion of 20 years of the scheme, you will get the benefit of a total amount of Rs 28 lakh along with interest, bonus.
