LIC Jeevan Pragati Policy Details: Life Insurance Corporation of India (LIC) keeps bringing you insurance policies that offer both live cover and huge returns. This is why even after decades, no private insurance company is even close to capturing the market share of LIC. LIC also runs comparatively short term plans like Jeevan Pragati policy. The person who buys this special Jeevan Pragati policy of Life Insurance Corporation of India (LIC) gets lifetime security along with excellent returns on investment. If we look at the math of the fund collected under this scheme, then if any policy holder invests Rs 200 every day in this scheme, then he invests Rs 6000 in a month. In this context, the amount to be deposited annually will be Rs 72,000. Now if you deposit in this scheme for 20 years, you will invest a total of Rs 14,40,000. At the same time, you will get a fund of about Rs 28 lakh including all the benefits. Under LIC Jeevan Pragati Plan, if the policyholder dies, then the sum of insurance, simple reversionary bonus and final bonus are paid together. Under this scheme, if someone has bought an insurance policy of Rs 4 lakh, then after 5 years the insurance amount will become Rs 5 lakh. After 10 to 15 years, this amount will become Rs 6 lakh and after 20 years, this amount will become Rs 7 lakh. This policy can be availed by people whose age is between 12 and 45 years. The minimum sum assured is Rs 1.5 lakh; there is no limit on the maximum amount.This way a fund of 28 lakhs will be collected
Highlights of LIC Jeevan Pragati
Understand Mathematics
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