The age limit for investing in this scheme is 45 years. Talking about the calculation of Jeevan Pragati policy, if you invest Rs 200 every day i.e. Rs 6,000 per month, then you will get Rs 28 lakh fund in the coming 20 years.
If you are also planning to invest and want to make a lot of money in the coming time through a little everyday investment, then this LIC scheme can be beneficial for you. It is considered safe to invest in this scheme. Along with this, you are also given insurance cover in this. LIC guarantees savings and safety, giving you the opportunity to accumulate funds worth lakhs. Jeevan Pragati policy is one of the policies of LIC, here you can invest Rs.200 per day and get 28 lakhs on maturity.
Insurance cover in LIC Jeevan Pragati policy
Although insurance cover is given in many policies of LIC, but if you want to take insurance under Jeevan Pragati policy, then you have to pay premium regularly. In case of any untoward incident with the investor, funds are given according to the amount invested by him. Although the insurance cover for this policy is for five years, but if the investor wants to extend it further, then it can be extended.
100% of the Basic Sum Assured is paid on the death of the policyholder for 5 years from the date of taking the policy. Apart from this, accident insurance and disability riders can also be included in this plan with a small payout.
What is to be paid in Jeevan Pragati policy The payout
- Will be 125% on the death of the policyholders for 6 to 10 years.
- Between 11 to 15 years will have to pay up to 150%.
- Between 16 and 20 years, up to 200% has to be paid.
The age limit for investing in this scheme is 45 years. Talking about the calculation of Jeevan Pragati policy, if you invest Rs 200 every day i.e. Rs 6,000 per month, then you will get Rs 28 lakh fund in the coming 20 years. But for this, you have to pay the premium continuously for 20 years. You can start this scheme from the age of 12.
