LIC New policy: The Life Insurance Corporation of India (LIC) consistently brings forth insurance policies that combine life insurance coverage with substantial returns. This is why, even after many years, no private insurance company comes close to competing with LIC’s market share.
LIC also operates short-term plans such as the Jeevan Pragati policy in comparison. Accumulating a fund of 28 lakhs, individuals opting for this special LIC policy not only receive excellent returns on their investment but also lifelong security. Under this scheme, if any policyholder invests Rs. 200 daily, they would invest Rs. 6000 in a month.
From this perspective, the annual deposit sum will amount to 72,000 rupees. Over a period of 20 years of continuous deposits into this scheme, your cumulative investment will be rupees. Meanwhile, you will be entitled to receive a fund of around 28 lakhs rupees, encompassing all the benefits.
Highlights of LIC Jeevan Pragati
Within the framework of the LIC Jeevan Pragati plan, should the policyholder expire, the insurance sum, coupled with the simple reversionary bonus and final bonus, is issued concurrently.
Understand Mathematics
Under this plan, if someone purchases a 4 lakh rupees insurance policy, the insurance amount will increase to 5 lakh rupees after 5 years. Subsequently, after 10 to 15 years, this sum will reach 6 lakh rupees, and after 20 years, it will be 7 lakh rupees.
This policy is accessible to individuals aged between 12 and 45 years. There is a minimum insurance amount of 1.5 lakh rupees, with no maximum limit on the insured sum.
