LIC Scheme: You can get Rs 28 lakh by saving just Rs 200, know about this scheme!

PC: amarujala

Many people in the country consider LIC (Life Insurance Corporation) as a reliable and safe investment option. Due to this, many of LIC's plans have gained popularity across the country. In this series, we will discuss a unique plan offered by LIC known as the “Jeevan Pragati Plan”. In this scheme, you can avail a total benefit of Rs 28 lakh by saving just Rs 200. It is a non-linked, with a benefit plan that offers both protection and savings. The risk cover for investors in this scheme increases every five years. Let us understand the mathematics of investment, through which you can deposit Rs 28 lakh by saving just Rs 200.

After registering in the LIC Jeevan Pragati Plan, if you save Rs 200 daily, you will have around Rs 6,000 a month and Rs 72,000 annually.

PC: amarujala

You will have to invest Rs 72,000 annually in the LIC Jeevan Pragati Plan. If you invest in this scheme for 20 years, you will get Rs 28 lakh on maturity. Besides, you will also get the benefit of risk cover.

Under LIC Jeevan Pragati Plan, if the policyholder dies, the sum assured, simple reversionary bonus and final bonus are paid as a lump sum.

PC: amarujala

Many people in the country are investing in LIC's Jeevan Pragati Plan. If you are looking for a good investment plan then LIC's Jeevan Pragati Plan can be a great option for you.