LIC’S JEEVAN PRAGATI PLAN (TABLE NO. 838)

LIC JEEVAN PRAGATI PLAN launched on 3rd February 2016.This is only of the lic plan where the sum assured on death increases every five year during the term of the policy.The minimum term is 12 year and maximum term is 20 year.

WHY CHOOSE THIS PLAN:

  • Sum Assured Increase every 5 year during the term.
  • Loan Facility Available.
  • Tax Benefit available under section 80C & 10(10D).
  • Accidental and Disability rider facility available.

BENEFITS OF PLAN:

ON DEATH: On death of insured during the policy term , nominee will get sum assured on death , vested simple reversionary bonuses and final additional bonus , if any , shall be payable. The death benefits shall not be less than 105% of all premium paid as on date of death.

ON MATURITY: On survival till the end of policy term , sum assured along with vested simple reversionary bonuses and final additional bonus , if any , shall be payable.

PLAN PARAMETERS

Age at Entry12 Years (Completed)
Maximum Age at Entry45 Nearest Birthday
Maximum Maturity Age65 Nearest Birthday
Premium Paying ModeYearly, Half Yearly, Quarterly, Monthly (ECS Only)
Policy Term12 to 20 Years
Sum Assured1,50,000 and above (in multiple of 10,000)
Premium Payment Mode rebate2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly
Rebate on High Sum Assured
(Per 1000 of Sum Assured)
0% up to 2,90,000

1.50% for 3,00,000 to 4,90,000

2.00% for 5,00,000 to 9,90,000

2.25% for 10,00,000 and above

LoanAfter 3 years
SurrenderAfter 3 years of full premium payment

 

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