At a time when the entire world is in the grip of Coronavirus, people want to earn and invest some money for the future to secure their lives and that of their family members. There are different means by which money can be invested. Life Insurance Corporation of India (LIC) of the government also has number of policies that help you to get financial security.
LIC guarantees savings and protection, which is not only giving you a chance to become a millionaire, but also provides risk cover.
Jeevan Pragati Policy, is one of the policies of LIC, where you can invest just Rs 200 daily to get 28 lakhs on maturity.
Investors get Life Cover in LIC Jeevan Pragati Policy
On paying regular premiums in LIC’s Jeevan Pragati plan, you also get a death benefit, which increases every 5 years. This amount depends on the number of years your policy has been active.
Choice of Accident Insurance and Disability Rider
100% of Basic Sum Assured is paid on the death of the policyholder for 5 years from the date of taking the policy. Accident Insurance and Disability Riders can also be included in this plan, for which a small extra payment will have to be made.
How much will have to be paid in LIC Jeevan Pragati Policy
125% on the death of policyholders for 6 to 10 years.
Between 11 to 15 years, up to 150% will have to be paid.
Between 16 to 20 years, up to 200% will have to be paid.
LIC Jeevan Pragati Policy age limit for investing is 45 years
According to media reports, after the maturity benefit of Jeevan Pragati Yojana, you will get 28 lakh rupees. For this, you have to invest in this project for 20 years. Investors will have to invest a cost of 6 thousand rupees every month in this policy, that is, 200 rupees daily. This policy can be started from 12 years, in which the age limit to invest is 45 years.
Ms Kalinga
Jevan Pragati policy had withdrawn fews year back. Check your facts and then write articles.