If you’re looking to make a secure investment as well, this information on the LIC Jeevan Pragati Plan is for you. In reality, there is a lot of danger in the stock market along with great returns. If you wish to make money in this case without taking any risks, the LIC’s strategy can work out better for you. Today, we’re going to tell you about a LIC programme that is quite profitable and has a similar structure.
Superhit LIC scheme.
Importantly, Life Insurance Corporation of India (LIC) ensures your protection and savings. The LIC Jeevan Pragati Plan is a unique insurance that adheres to the regulations of the Insurance Regulatory and Development Authority of India, or IRDA. By investing in it, you may become a billionaire and get risk insurance as well. This strategy was introduced on February 3, 2016.
will profit from death.
Regular premiums must be paid for the Life Insurance Corporation of India’s Jeevan Pragati plan. You also receive a life insurance benefit (Death Benefit) from this policy, and it grows every five years. Depending on how long your policy has been in effect, this sum.
Be familiar with the policy’s characteristics.
• For a period of five years following the date the policy was purchased, 100% of the Basic Sum Assured (Basic Sum Assured) is paid in the event of the policyholder’s death.
• In addition, 125% of the death benefit is paid between 6 and 10 years after the insurance is purchased, 150% between 11 and 15 years, and 200% between 16 and 20 years.
This plan also offers a disability rider and accident benefit. You must pay an additional sum for this.
• You will receive Rs. 28 lakh as the Jeevan Pragati plan’s maturity benefit.
How much will you need, and how will you acquire it?
20 years of investment are required. The investor must put up 6,000 rupees every month, or 200 rupees per day. This policy may be initiated at age 12 or older. The maximum age for investing in this is 45.