LIC Jeevan Pragati policy: However, the government has notified the rule to calculate the interest of PF contribution before putting it in the interest account.
With this rule, you can also know whether the correct amount has come from your account or not. But before that it is important to know that how much amount is thLife Insurance Corporation of India (LIC) offers many great investment options for investors who want to invest their money in schemes that provide effective and safe returns.
In LIC’s Jeevan Pragati Policy, investors can invest their hard earned money to build a corpus for their retirement or old age. Investors have to invest every month in LIC’s Jeevan Pragati policy.
Apart from offering bumper returns on maturity, this scheme also offers death insurance benefits to the investors. The policy has been approved by the Insurance Regulatory and Development Authority of India (IRDAI).
LIC Jeevan Pragati Policy: How To Get Rs.28 Lakh On Maturity
In LIC Jeevan Pragati Policy, which is a non-linked, savings cum protection endowment plan, investors need to invest around Rs 6000 per month to get Rs 28 lakh at the time of maturity. To invest Rs.6000 per month in LIC Jeevan Pragati policy, you need to save at least Rs.200 per day.
LIC Jeevan Pragati Policy Life Insurance Benefits
In case of death of the investors of LIC Jeevan Pragati policy, the sum assured on death is credited to the account of the nominee. If the investor dies within five years after signing up for the policy, the nominee gets 100% of the Basic Sum Assured. The Sum Assured increases every five years and during the 16th-20th year of investment, the nominee gets 200% of the Basic Sum Assured.
LIC Jeevan Pragati Policy: Maturity Details
Investors need to invest for at least 12 years to get maximum benefits from LIC Jeevan Pragati policy. Investors can invest in LIC Jeevan Pragati policy for a maximum tenure of 20 years.
