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If you're seeking a secure investment plan with substantial returns, the LIC Jeevan Pragati Policy might be the right option for you. This LIC scheme allows you to create a large fund by investing a small daily amount, making it accessible and manageable for most people.

Key Details of the LIC Jeevan Pragati Policy

The Jeevan Pragati Policy from LIC is designed for individuals looking to accumulate a large corpus over time with a small daily contribution. Here’s how it works:

Minimum Investment Age: 12 years

Maximum Investment Age: 45 years

Daily Investment: ₹200 (or ₹6,000 per month)

Maturity Benefits: How ₹200 Daily Grows to ₹28 Lakhs

By investing ₹200 daily, your monthly contribution is ₹6,000, or ₹72,000 annually. Over a 20-year period, the total investment will be around ₹14,40,000. At maturity, this policy can provide a fund of approximately ₹28 lakhs, including accumulated benefits and bonuses.

Benefits of LIC Jeevan Pragati Policy

Long-Term Savings: Consistent savings accumulate into a substantial amount.

Flexible Entry: Suitable for anyone between 12 and 45 years of age.

Life Coverage: The policy also provides a life cover, ensuring security for your family.

How to Apply for the LIC Jeevan Pragati Policy

To start with this plan, you can visit the nearest LIC branch or consult with a licensed LIC agent. Ensure you review the terms, conditions, and potential benefits specific to this policy to make an informed decision.

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