There is currently a lot of upheaval in global politics, which is directly affecting the stock market. In this environment, investing in stocks and mutual funds carries significant risks. Additionally, inflation is rising rapidly. If you have savings and are looking for a safer investment option, we want to introduce you to an excellent LIC scheme where you can start with just Rs 200 and potentially accumulate a substantial fund of Rs 28 lakh.
This scheme is called the Jeevan Pragati Plan, and it has attracted many investors across the country. Let’s explore the details of LIC’s Jeevan Pragati Plan:
Individuals aged between 12 and 45 can participate
1. Investing in LIC’s Jeevan Pragati Plan offers numerous benefits.
2. You can start investing in this plan at the age of 12.
3. The upper age limit for investment is set at 45 years.
4. This scheme provides lifetime security along with attractive returns.
5. The risk coverage for investors increases every five years.
How can you accumulate Rs 28 lakh?
1. If you open an account in this scheme and save Rs 200 daily, along with investing Rs 6,000 each month, you will contribute Rs 72,000 in a year.
2. You will need to deposit Rs 72,000 annually for 20 years.
3. This means you will have a total contribution of Rs 14,40,000.
4. When you factor in all the benefits of the Jeevan Pragati Plan, the total amount can reach Rs 28 lakh.
Premium Payment
The LIC Jeevan Pragati Plan has a minimum term of 12 years and a maximum of 20 years. You can choose to pay your premium quarterly, semi-annually, or annually.
Desclimer : For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.
