LIC is introducing, LIC’s JEEVAN PRAGATI which is a non-linked, with – profits plan that offers a combination of protection and savings. This plan provides for automatic increase in risk cover after every five years during the term of the policy. In addition, this plan also takes care of liquidity needs through loan facility. “Sum Assured on Maturity” equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.
The Plan is available from ages 12 years to 45 years. Minimum Maturity Sum Assured is Rs. 150,000/- with Maximum Basic Sum Assured having no limit. The Policy term will be for 12 to 20 years.
