What is LIC Jeevan Pragati Plan?
The LIC Jeevan Pragati Plan is a special policy introduced by Life Insurance Corporation (LIC), one of India’s leading insurance companies. Under this scheme, if you invest ₹200 daily, you can receive up to ₹28 lakhs at the end of the policy period of 20 years. The plan offers not only life insurance but also risk protection, ensuring the security of your investment.
The primary goal of this scheme is to provide financial security for your future. Additionally, regular premium payments entitle policyholders to death benefits, offering financial protection for their families.
Key Features of the LIC Jeevan Pragati Plan
- Plan Name: LIC Jeevan Pragati Plan
- Insurance Company: LIC
- Initial Investment: ₹200 per day (₹6000 per month)
- Policy Duration: 12 to 20 years
- Maturity Refund: ₹28 lakhs
- Beneficiaries: All citizens of India
Benefits of LIC Jeevan Pragati Plan
By investing ₹200 daily, you contribute ₹6000 per month, and over 20 years, the total investment would be around ₹14,40,000. Upon the policy’s maturity, including the scheme’s benefits, you will receive a lump sum of ₹28 lakhs.
Additionally, the scheme provides a gradual increase in risk coverage every 5 years. In case of the policyholder’s death, the nominee will receive the insurance amount, regular benefits, and final bonuses.
Required Documents for LIC Jeevan Pragati Plan
- Aadhar Card
- PAN Card
- Two Passport-size Photos
- Active Mobile Number
- Email ID
How to Apply for LIC Jeevan Pragati Plan?
Online Application Process
- Visit the official LIC website from the provided useful links.
- Click on the “Buy Online” option on the homepage.
- Select the LIC Jeevan Pragati Plan from the list.
- Review the complete details of the plan.
- Choose your preferred policy duration.
- Fill in the required details in the application form and upload the necessary documents.
- After completing all steps, confirm your purchase.
- Upon successful purchase, you will receive a confirmation message via email and SMS, along with PDF documents for your reference.
Offline Application Process
For offline applications, you need to contact a nearby LIC agent. The agent will provide detailed information about the plan, fill out the application form on your behalf, and guide you through the entire process. After the completion, the agent will hand over the necessary documents related to your policy.
Frequently Asked Questions (FAQs)
Q. What is LIC Jeevan Pragati Plan?
A. The LIC Jeevan Pragati Plan offers returns of ₹28 lakhs on a daily investment of ₹200 over a period of 20 years.
Q. What is the investment duration for LIC Jeevan Pragati Plan?
A. You can invest in this plan for a period of either 12 or 20 years.
Q. Who is eligible for LIC Jeevan Pragati Plan?
A. The plan is available for individuals aged between 12 to 45 years.
