• Apply Now
  • About Policy

Features of LIC Jeevan Pragati :


• This is an investment plan with increased focus on life cover.
• Life cover keeps automatically increasing every 5 years.
• Sum Assured with Accrued Simple reversionary bonus and Final Additional Bonus (only if the policy term is 15 years or more)gets matured or claim occurs after 15 years from date of commencement) will
be paid as maturity lumpsum at the end of the policy term.

LIC Jeevan Pragati Eligibility Conditions :


Minimum

Maximum

Sum Assured (in Rs.) 1,50,000 -
Policy Term (in years) 12 yrs to 20 yrs
Premium Payment Term(in yrs) Equal to Policy Term
Entry Age of Policyholder 12 45
Age at Maturity 65
Payment modes Yearly, Half-yearly, Quarterly and Monthly (only through ECS)


Benefits of LIC Jeevan Pragati :


Maturity Return – At the maturity of the policy, the insured will get Sum Assured + Accrued Bonus + Final Addition Bonus (only if the policy term is 15 years or more).

Death Benefit - In case of death of the Life Insured, the nominee will receive 100% of Basic Sum Assured if the claim is within 5th policy year, 125% of Basic Sum Assured if the claim is between 6th to 10th policy year, 150% of Basic Sum Assured if the claim is between 11th to 15th policy year, 200% of Basic Sum Assured if the claim is on 16th policy year or later.

Income Tax Benefit – Available under Section 80 C for Premiums paid and under Section 10 (10D) for returns.
Loan on Policy - Available after payment of 3 full year premium.
Housing Loan Surity- Available

Calculate Premium & Maturity Returns

Sum Assured

 

Policy Plan



Click here to check plans of other Insurers
Policy Term (Yrs)
Double Accident Benefit

Name



Mobile

+91
Verification code may be sent to this Number

Date of Birth



   I agree to your Terms & Conditions and Privacy Policy

Jeevan Pragati



Jeevan Pragati is an investment plan with the life insurance cover increasing automatically every five years. The life cover will be 100% of the Basic Sum Assured during the first 5 policy years, 125% of the Basic Sum Assured during 6th to 10th policy years, 150% of the Basic Sum Assured during 11th to 15th policy years and 200% of the Basic Sum Assured from 16th policy year onwards.

Sum Assured with Simple reversionary bonus and Final Additional Bonus (if any) shall be payable at the end of the policy term as maturity benefits.

An Accidental Death and Disability Benefit rider is available with payment of Rs.100/- per 1 Lakh sum assured per year. This is an optional rider, which if opted, twice the sum assured will be paid to the nominee in case of any accidental death.

Service Tax is applicable on the premium paid for this policy, at the rate of 4.5% for the 1st year premium and 2.25% from 2nd year onwards.