Many people in the country view LIC as a reliable and safe investment option. For this reason, many schemes of LIC are very popular across the country. LIC is running many great schemes considering different income groups. In this series, today we are going to tell you about a very special plan of LIC. The name of this scheme of LIC is the Jeevan Pragati Plan. In this scheme, you can avail the benefit of Rs 28 lakh by saving just Rs 200. It is a non-linked, with benefit plan that offers you both protection and savings. In this scheme, the risk cover of investors increases every five years. In this series, let us understand the mathematics of investment with the help of which you can accumulate Rs 28 lakh by saving just Rs 200.
If you save Rs 200 daily after registering in the LIC Jeevan Pragati Plan. In such a situation, you will have about Rs 6 thousand in a month. At the same time, you will collect Rs 72 thousand annually.
You have to invest Rs 72 thousand in LIC's Jeevan Pragati Plan on an annual basis. If you invest in this scheme for 20 years. In this case, you will get Rs 28 lakh at the time of maturity. Apart from this, you will also get the benefit of risk cover.
Under LIC Jeevan Pragati Plan, if the policyholder dies. In such a situation, the insurance amount, simple reversionary bonus, and final bonus are combined and paid together.
Many people in the country are investing in LIC's Jeevan Pragati Plan. If you are looking for a good scheme to invest. In such a situation, LIC's Jeevan Pragati Plan can prove to be a good option for you.
(PC: iStock)
