You can invest in this scheme of LIC from 200 rupees. In a few years, you will get a fund of Rs 28 lakh from this investment.
What happened in LIC, where the investment remains safe, it also gives good returns. LIC has such a policy coverage in which good profits are also available. By investing in these schemes, you can build a good retirement corpus. However, for this scheme you have to make long term investment which gives profit. Today we are going to tell you about LIC’s Jeevan Pragati Bima Yojana, from which you can earn lakhs.
Invest from Rs 200
If a person invests Rs 200 per day in LIC Jeevan Pragati Bima Yojana (LIC Jeevan Pragati Bima Yojana), then he can create a fund of lakhs at the time of maturity. The term of Jeevan Pragati plan is between 12 to 20 years.
So if you invest Rs 200 daily, which is Rs 6000 per month, you would have invested Rs 72,000 per year. One of the advantages of this policy is that the risk cover increases with the length of time you stay invested. Hence the risk cover and sum insured keep on increasing every year.
For example, if you have invested Rs 4 lakh in a policy, then after five years this amount will become Rs 5 lakh. After 15 years this amount will be Rs 6 lakh and after 20 years this amount will be Rs 7 lakh. In case of death of the policy holder, this amount will be given to the nominee of the person.
People in the age group of 12 to 45 years can invest
If you invest Rs 6000 every month, you will get Rs 28 lakh after 20 years. People between the age of 12 to 45 years can invest in this policy. The minimum sum assured is Rs 1.5 lakh and there is no limit on the maximum.