LIC Jeevan Pragati policy: You keep receiving insurance plans from the Life Insurance Corporation of India that offer both substantial returns and live coverage. Because of this, even decades later, no private insurance provider has come close to eclipsing LIC’s market dominance. A somewhat short-term plan called the LIC Jeevan Pragati policy is also offered by LIC.

The LIC Jeevan Pragati policy offers good insurance coverage as well as good profits when it matures. Within a few years, this LIC policy plan can bring in lakhs for you.

LIC Jeevan Pragati policy

A person must invest in the LIC Jeevan Pragati Bima Yojana for a period of time ranging from 12 to 20 years.

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After 20 years, if you invest Rs 200 per day, or Rs 6,000 per month, you will have earned Rs 28 lakh.

You also get lifetime security because of this. This money is equivalent to Rs. 72,000 annually.

The insured person’s insurance sum increases yearly under this LIC policy. After someone passes away, the beneficiary receives the funds.

According to this programme, if someone purchases a Rs. 4 lakh insurance coverage, the insurance sum will increase to Rs. 5 lakh after 5 years. The sum will be Rs 6 lakh after 10 to 15 years, and Rs 7 lakh after 20 years.

Those between the ages of 12 and 45 can purchase this policy.

The minimum amount assured is Rs. 1.5 lakh, and there is no upper limit on the total amount.

The Life Insurance Company is the most well-known insurance brand, with the largest market share. So, we’ve gone over the top LIC policies for 2023 in this article.

Here are the list of top 5 LIC policies to invest in 2023:

LIC Jeevan Labh: Proper investments in the Life Insurance Corporation of India (LIC) are considered prudent. The money invested in this policy is safe.

LIC New Jeevan Anand scheme: LIC New Jeevan Anand LIC provides people with term, endowment, pension, and whole life insurance plans.

LIC Jeevan Umang Policy: The LIC Jeevan Umang Policy can provide a good return on a small investment. To begin, this policy is available to anyone between the ages of 90 days and 55 years.

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New Jeevan Shanti LIC: You must pay a single premium for this scheme. The policyholder can select between single life and joint life deferred annuities

LIC Tech-Term Plan: LIC Tech-Term is a non-linked, profitless protection plan. This Scheme provides financial security to the nominee family member in the event of the policyholder’s death.

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