LIC is the largest life insurance company in India. Even children know about this. It is quite reliable, that’s why people have been investing in it for years and they get the benefit of it with tremendous returns. There are many such schemes of LIC, in which you can become a millionaire by just depositing some money. By the way, 200 rupees is nothing in today’s time, if you save so much money daily, then in a few years you will become the owner of lakhs of rupees. Actually, the name of this scheme giving tremendous returns is LIC Jeevan Pragati Plan. The special thing is that in this scheme, the insured also get insurance cover. In future, if anything untoward happens to the depositor, his/her nominee gets the full benefit of insurance.
The policy term of LIC Jeevan Pragati plan is minimum 12 years and maximum 20 years. In this scheme, you will have to deposit 200 rupees per day i.e. six thousand rupees every month. If this amount is deposited continuously for 20 years, then on maturity you will get 28 lakh rupees.
LIC Jeevan Pragati plan is an individual plan i.e. only one person has to take the plan. The special feature of this plan is that you can choose monthly, quarterly, half-yearly and yearly options for premium payment.
If we talk about the death benefit of this plan, if the insured dies within five years of taking the policy, then the nominee will get 100% of the sum assured and if the insured dies within 6-10 years then the nominee will get 125% of the sum assured, on the death of the insured within 16-20 years of the policy, the nominee will get 200 times the sum assured.
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