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LIC Jeevan Pragati 9980940508

Plan838

LIC New Jeevan Pragati - Endowment Plan

LIC Jeevan Pragati
LIC's Jeevan Pragati plan provides for automatic increase in risk cover after every five years during the term of the policy.

LIC Jeevan Pragati Plan is a non-linked, endowment assurance plan in which Risk Cover keeps on increasing every 5 years. The increasing risk cover is an important feature which provides adequate risk cover against inflation as the years passes. Jeevan Pragati plan can be suitable for a person who is looking for a saving as well as adequate risk cover as protection for his/her family with LIC.

Key Features of LIC Jeevan Labh Plan
Increasing Life Cover
Premiums remains same even the risk cover increases.
100% of the Basic Sum Assured during first 5 policy years
125% of the Basic Sum Assured during 6th to 10th policy years
150% of the Basic Sum Assured during 11th to 15 th policy years
and thereafter 200% of the Basic Sum Assured.
Options to avail accidental benefit and term riders
Premiums paid towards this policy are exempted from income tax under 80C

Eligibility Conditions and Other Restrictions :
a) Minimum Basic Sum Assured :Rs. 1,50,000
b) Maximum BasicSum Assured :No Limit
(The Basic Sum Assured shall be in multiples of Rs. 10,000/-)
c) Policy Term/Premium Paying Term :12 to 20 years
d) Minimum Age at entry :[12] years (completed)
e) Maximum Age at entry:[45] years (nearest birthday)
f) Maximum Maturity Age : [65] years (nearest birthday)

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