New plan Jeevan Pragati from LIC with increasing Risk Cover

LIC launches yet again another new plan of the year - Jeevan Pragati (T. No. 838), which is an endowment plan with increasing risk cover:

Here are the salient features of this plan:

With Profit
Non Linked
Endowment Plan with
Increasing Risk Cover as below:

Term (in Years)	Risk Cover
0-5	100% of Basic Sum Assured
6-10	125% of Basic Sum Assured
11-15	150% of Basic Sum Assured
16-20	200% of Basic Sum Assured

What is the speciality and beauty of this plan?

Its premium remains same over the term. So at the same premium, you will get double the risk cover from 16th year.
As your age increases, its necessary to increase your risk cover.
No new policies are to taken to increase your risk cover in future

Eligibility criteria for the plan is:

Minimum age of entry : 12 years
Maximum age of entry: 45 years
Minimum Sum Assured: 1.5 Lakhs.

Policy benefits include:

Death Benefit: Death Sum Assured as mentioned above table along with Bonus, if any.
Survival Benefit: Basic Sum Assured + Revisionary Bonus + Final Additional Bonus

Tax Benefit:

Under section 80C, and maturity amount is totally tax free U/s 10(10D).

Why wait for more time, call us for financial plan today.

Need more info on this plan? Contact us for more details :)

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