LIC Jeevan Pragati Plan 838 Details, Features, Policy Term, Objective, Beneficiary, Application Process.
LIC Jeevan Pragati Plan 838
The LIC is the largest Government Insurance Company in India. The LIC Insurance Corporation has policies ranging from children to senior citizens. The citizen of every age can buy LIC Policy. You can secure your future. Just list this there is a new policy of the LIC. The name of this policy is Jeevan Pragati Plan. If any policy holder invests 200 rupees per day in this Jeevan pragati plan of life insurance corporation of India, then on maturity they will acquire Rs. 28 lakh. In the below article, you will get the LIC Jeevan Pragati Plan Details via this article.
The LIC Jeevan Pragati Yojana has been released by the Insurance Company Life Insurance Corporation. In this plan, a person will get up to 28 lakhs on maturity by investing Rs. 200 every day. This policy will give a person a benefit of risk along with life cover. due to this it will be safe to invest in this policy. The person will also get death benefit, on paying regular premiums in LIC Jeevan Pragati Plan.
Overview of the LIC Jeevan Pragati Plan
| Article About | LIC Jeevan Pragati Plan 838 Details |
| Year | 2023 |
| Initiated By | Life Insurance Corporation of India |
| Objective | Death Benefit on Payment of Regular Premium |
| Beneficiary | Those citizens who buy the Policy |
| Policy Term | Minimum 12 years Maximum 20 years |
| Application Process | Offline |
By taking the LIC Jeevan Pragati Plan, a person can also acquire excellent lifetime protection on investment. If any policy holder invests 200 rupees per day under this plan, then 6000 rupees will have to be invested in a month. This means that you will have to deposit 72,000 rupees annually. and if the policy holder invests in this yojana for twenty years, then on the completion of the maturity, the investor will acquire Rs. 28 lakh amount. Besides this, risk cover will also be available. Jeevan Pragati Policy can be initiated from 12 years. In this the maximum age limit for investment is 45 years.
Increased Risk cover in 5 years
The risk cover in the LIC’s Jeevan Pragati Policy increases every five years which means that the amount you get increases in five years. and about the death benefit, after the death of the policy holder, the policy amount is provided to the investor’s family together by adding simple reversionary bonus and final bonus. LIC’s Jeevan Pragati Policy has a minimum term of twelve years and a maximum of twenty years. People from 12 years to 45 years can buy Jeevan Pragati Plan. The premium for this policy can be paid on quarterly, half yearly and yearly basis.
The Minimum sum assured of Jeevan Pragati Plan in 1.5 lakh rupees and there is no limit on the maximum. If someone has bought a policy of two lakh rupees then the death benefit will remain normal for the first five years. After this, for six years to ten years, this benefit will be 2.5 lakh rupees. In the same 10 to 15 years, the coverage will increase to 3 lakh rupees. This is how the coverage of the policy holder will increase.
Features
- On investing in Jeevan Pragati Plan, 100 percent of the basic sum assured will be paid on the death of the policy holder for five years from the date of taking the policy.
- if the policy holder dies during this policy, 125% of the sum assured will be paid between six to ten years.
- Between 11 to 15 years 150% and between 16 to 20 years then 200% will be paid on the death of the policy holder.
- The policy holder will acquire accident advantage of disability rider benefit during this plan.
- On the maturity benefit of the LIC Jeevan Pragati Plan, the investor will acquire Rs. 28 lakh.
- LIC’s Jeevan Pragati Policy has a minimum term of 12 years and maximum term of 20 years.
- People from twelve years to forty five years can buy Jeevan Pragati plan.
- The premium for this policy can be paid on quarterly, half yearly and yearly basis.
Apply for LIC Jeevan Pragati Plan
In order to buy the plan, a person have to contact their nearest LIC Office Agent. And after going there they have to tell that they want to invest in LIC Jeevan Pragati Plan. After that, the agent will tell them the term related to LIC Jeevan Pragati Plan. they have to select the policy between 12 to 20 years as per their wish. Then they have to provide all the asked details and documents to the agent. after that, their application form will be filled by the agent. This is how a person can apply under the LIC Jeevan Pragati Policy Plan.
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