Skip to main content

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 :)
Labels:

Comments

Post a Comment

Need some help? Just comment here, we will be glad to help you. :)

Popular posts from this blog

LIC Launches One more Child Plan - Jeevan Tarun - 834

LIC launched One more child plan.  The name of the plan is Jeevan Tarun and No is 834. In this plan, you have the option to choose money back from kids age of 20. Here's are the salient features of the plan -  AGE: 0 - 12 Min SA: ₹75000 TERM: (25 - Age at Entry) PPT: (20 - Age at Entry) PWB Available. MATURITY : AGE 25. LAST 5 YEARS OPTIONAL MONEY BACK. Option:  SB (Last 5 yrs): Maturity: 1:          No SB.             100% SA 2:          5% SB.             75% SA 3:          10% SB.           50% SA 4:          15% SB.           25% SA.  All other features such as loan and surrender are available by default. Income Tax Benefit – Available under Section 80 C for premiums paid and Section 10 (10D) for Maturity returns. Ne...
2 comments
Read more

Child Insurance Plans: Are they really useful?

Along with the overwhelming happiness, parenthood also comes with great responsibility. Towards that end, such dreams need money. Your plan has to meet the increasing educational and other needs of growing children. It requires well-thought-on financial planning to analyze the expenses involved at every step of bringing up a child. Here are some other points accumulated from around the web about the need of Child Insurance Plans. The Rising Cost of Education. Disciplined Savings Income Protection for Your Child Collateral for Loans Untimely Death of a Parent Customized payouts Sources: Economic Times - Why you must have a child insurance plan Daily Bhaskar  - No kidding: 6 reasons why child insurance is important Policy Bazaar  - Importance of Child Insurance These site have really explained well about Child Insurance plans. Before you continue further make sure you have gone through at-least one of the Sources provided above. So...
Post a Comment
Read more

Now ULIPs are available from LIC too. New Endowment Plus (835) launched

Life Insurance corporation of India, on 19/08/2015, Wednesday, launching the ULIP plan after a gap of 20 months. It is the first of its kind from LIC after December, 2013. This plan, new Endowment plus, offers investment-cum-insurance during the term of the policy. Plan for your kids education or marriage with this plan. Policyholder has the option to choose anyone from below 4 funds to invest premiums initially and at the time of switching: Fund Type Investment in Government / Government Guaranteed Securities / Corporate Debt Short- term investments such as money market instruments Investment in Listed Equity Shares Details and objective of the fund for risk /return Bond Fund Not less than 60% Fund Not more than 40% Nil Low Risk Secured Fund Not less than 45% Not more than 40% Not less than 15% & Not more than 55% Steady Income -Lower to Medium risk Balanced Fund Not less than 30% Not more than 40% Not less than 30% & Not more than 70% Balanced Income and growth...
Post a Comment
Read more