LIC Jeevan Pragati

LIC Jeevan Pragati

LIC Jeevan Pragati

LIC Jeevan Pragati Plan Features and Benefits

BUY ONLINE LIC'S JEEVAN PRAGATI PLAN

BUY ONLINE LIC’S THIS PLAN

LIC Jeevan Pragati (LIC Table No 838) is non-linked assurance plans that have been prepared to offer adequate risk cover for a huge number of individuals. This plan is completely independent on share market and the risk cover keeps on increasing every 5  years.One of the major benefits of this assurance plan is it offers coverage for inflation prevention as the year passes. This plan is extremely suitable for those individuals who are looking for savings along with  protection for family. To make better if you can opt for the accidental benefit rider.



LIC Jeevan Pragati Policy Parameters

AGE Min. age :  12 years Max. age: 45 years
Policy Term Min. Term  :12 years Max. Term : 20 years
Sum Assured Min SUM ASSURED: Rs. 1,50,000/-Max. SUM ASSURED: No Limit
Premium Paying Mode Monthly (SSS, ECS), Quarterly, Half yearly, Yearly

The death benefit under Jeevan Pragati Plan-838

In this “jeevan pragati plan”if the policy holder expire during the policy term then, Sum assured +simple revisionary bonuses along with the final additional bonus will be paid to the  nominee.The sum assured on death increases every 5 years. This sum assured is 10 times greater than annualized premium or the absolute amount which shall be paid on death to the nominee.

In the first five year policy, any nominee shall receive 100% of total basic sum assured, in case of 6th to 10th policy years, nominee shall receive 125% of total basic sum assured. While in case of 11th to 15th year 150% of basic sum assured shall be paid and if the policy term is for 16-20 years, nominee shall receive 200% of basic sum assured.

Maturity benefit Jeevan Pragati Plan-838

If the policy holder survives till the end of this policy, the maturity amount shall be paid to the policy holder“overall amount paid on maturity along with revisionary bonuses and additional bonuses if any. The sum assures that is provided on maturity is similar to the basic sum assured. If the policy is paid up, then final additional bonuses are not paid.The commencement date of risk within Jeevan Pragati shall be immediately from insurance policy date. 

Premium Payment Mode in Jeevan Pragati plan.

In LIC Jeevan Pragati premium payment mode that is allowable is monthly, quarterly, half yearly and annually. The grace period is 30 days shall be offered for quarterly, half-yearly and annually and 15 days for monthly mode. In case the death takes place within grace period but that is before the premium, then that policy shall be treated as inforce and all benefits shall be paid in full.

The policy shall lapse if premiums are not paid within expiry date of grace. The grace period is also applicable for rider premiums along with premiums of base plan.

LIC Jeevan Pragati Plan 838 Rebates

There are two rebates that are offered within this plan, these are given below;

Mode Rebate

              Yearly              – Table premium 2%

              Half yearly     – Table Premium 1%

Sum Assured Rebate

Sum Assured Rebate
From Rs. 1,50,000/- to Rs. 2,90,000/- NIL
From Rs. 3,00,000/- to Rs. 4,90,000/- For every  1,000 Rs./- Sum Assured  1.50 Rs/- rebate
From Rs. 5,00,000/- to Rs. 9,90,000/- For every  1,000 Rs./- Sum Assured  2.00 Rs/- rebate
From Rs. 10,00,000/- and above For every  1,000 Rs./- Sum Assured  2.25 Rs/- rebate

Benefit example for LIC jeevan pragati plan 838

An example of VINOD who is purchasing this Plan with following details.

Sum Assured: Rs.5,00,000
Policy Term: 20 Years
Policy Purchase Year: 2016
Age: 25 Years
Yearly Premium: Rs. 24870

Premium Calculator-LIC Jeevan Pragati Plan 838

Please Select Only Plan No-838

Maturity Details

If policy holder survives the policy term ( i.e. 20 years ), Maturity will be as under.

Maturity Year Age at Maturity Maturity Amount(approx)
2036 45 955000

Year-wise Death Claims as under.

Year Age Risk Cover Normal Risk Cover Accidental Premium Tax Saved Net Premium Amount Received
2016 25 521000 1021000 24870 7200 17670 0
2017 26 542000 1042000 24435 7200 17235 0
2018 27 563000 1063000 24435 7200 17235 0
2019 28 584000 1084000 24435 7200 17235 0
2020 29 605000 1105000 24435 7200 17235 0
2021 30 751000 1251000 24435 7200 17235 0
2022 31 772000 1272000 24435 7200 17235 0
2023 32 793000 1293000 24435 7200 17235 0
2024 33 814000 1314000 24435 7200 17235 0
2025 34 835000 1335000 24435 7200 17235 0
2026 35 981000 1481000 24435 7200 17235 0
2027 36 1002000 1502000 24435 7200 17235 0
2028 37 1023000 1523000 24435 7200 17235 0
2029 38 1044000 1544000 24435 7200 17235 0
2030 39 1075000 1575000 24435 7200 17235 0
2031 40 1348500 1848500 24435 7200 17235 0
2032 41 1372000 1872000 24435 7200 17235 0
2033 42 1395500 1895500 24435 7200 17235 0
2034 43 1424000 1924000 24435 7200 17235 0
2035 44 1455000 1955000 24435 7200 17235 0
2036 45 0 0 0 0 0 955000

Additional Information about Jeevan Pragati Policy

Risk Coverage:End of the Policy Term.

Date of Commencement of Risk: Imidiate

Locking period: 3 years.

Loan Facility: Available.

Income Tax Benefit – Income Tax Benefits available on Paid Life Insurance Premium U/Sec 80C and Maturity Benefit will also be tax free under section 10(10)D.

Loan:Loan is available.

Riders available: Accidental Benefits is available .

Policy Revival: Policy can be revived before 2 years from the date of first unpaid premium.

Proposal Forms : Proposal Form no. 300, or 340 will be used under this plan.

Cooling-off Period: If a policyholder is not satisfied with the Terms and Conditions of the policy, he/she may return the policy within 15 days from the date of receipt of the policy.

Back-dating interest: The policies can be dated back within the same financial year.

Assignments/Nominations: assignment and nominations is possible under this plan.

BUY ONLINE LIC'S JEEVAN PRAGATI PLAN

BUY ONLINE LIC’S THIS PLAN

      Services that I offer

  • New LIC Policy Quotes and Completion
  • Complete guidance1
  • Doorstep Premium Collection Service
  • Personalized Policy Recommendations
  • Renewal / Revival of Lapsed Policies
  • Human Life Value Calculation
  • Life Time Services

FOR MORE INFORMATION PLEASE CONTACT -:

BASPA NAND PANCHOLI

CON.9891009400

Emailbasupancholi@gmail.com

To know about more LIC Plans please visit our website

www.licbestplan.in

Office Address:-25,KG,Marg,Jeevan Prakash Building.

LIC of India,Branch Unit-117.

3rd floor,C.P. New Delhi-110001.

ENDOWMENT PLAN                                

LIC New Endowment

LIC New Jeevan Anand

LIC Jeevan Lakshya

LIC New Jeevan Labh Endowment

LIC Jeevan Pragati

LIC New Limited Premium Endowment

LIC’s Jeevan Rakshak Plan Table no 827



11 thoughts on “LIC Jeevan Pragati

  1. Pingback: एलआईसी जीवन लाभ प्लान हिंदी में - Call-9891009400-LIC Best Plan

  2. Pingback: एलआईसी जीवन लाभ प्लान हिंदी में - Call-9891009400-LIC Best Plan

  3. Pingback: APOLLO MUNICH HEALTH INSURANCE PLAN - Call-9891009400-LIC Best Plan

  4. Pingback: LIC न्यू बीमा बचत 816 - Call-9891009400

  5. Pingback: एलआईसी जीवन लाभ प्लान हिंदी में - Call-9891009400

  6. Pingback: एलआईसी जीवन लाभ प्लान हिंदी में - LIC BEST PLAN,Call-9891009400

  7. Pingback: प्रधान मंत्री वय वंदना योजना - LIC BEST PLAN,Call-9891009400

  8. maneesh singh

    Ths website is very helpful to choose life insurance plans

    Reply
  9. Pallavi gupta

    i want to purchase best plan of lic for my brother of age 20 years ….pls help

    Reply
  10. Mansi gupta

    – i want to invest 3k per month…help me findng the grt plan for ths …and how much profit i will get on maturity

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *