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Jeevan Pragati (Plan- 838)

LIC's Jeevan Pragati plan is a non-linked, with profits Endowment Assurance Plan wherein the risks cover automatically increases after every five years during the term of the policy.
Premium payment be made Monthly (by ECS), Quarterly, Hallf yearly and Yearly as suits you better.
Gifts available for Yearly payers by us.

Term: Minimum 12 and maximum 20 years.

Entry Age: Minimum 12 years and maximum 45 years. Maximum Maturity age 65 years.

Minimum Sum can be Assured Rs.1,50,000/-

Accidental Death & Disability Benefit Rider available upto age 65.

Policy Benefits :

On Death :

Provided all due premiums have been paid, the following death benefit shall be paid:

• Sum Assured + Vested Bonus + Final Additional Bonus (Loyalty)

On Survival :

Basic Sum Assured + Vested Bonus + Final Additional Bonus (Loyalty)

Surrendered Value :

The policy can be surrendered after at least three full years premiums have been paid.

Loan :

Loan Facility is available after payment of premiums for at least 3 full years.

Income Tax Benefit :

• Premium paid under this plan is eligible for deduction under section 80C of Income Tax Act, 1961.

• Maturity under this plan is free under section 10(10D) of Income Tax Act, 1961.

For more details............