Protect Life against Increasing Risk with Jeevan Pragati
It is inevitable that risk increases when age progresses. Hence it is important for any individual to protect their life against increasing Risk. LIC's Jeevan Pragati takes care of your life against increasing risk in a perfect manner while your estate is building.
If an Individual aged 40 opted for Jeevan Pragati by paying a monthly premium of ₹4590 his life cover will be ₹10 Lakhs at the beginning of the policy term, it Covers 100% of the Life cover during first 5 policy years, 125% of the Life cover during 6th to 10th policy years, 150% of the Life cover during 11th to 15 th policy years and thereafter 200% of the Life cover till maturity.
That means policy holder will have life cover of ₹1250000 starting from 46 Years, life cover of ₹1500000 starting from 50 Years and life cover of ₹2000000 starting from 55 Years till 60 (maturity).
|Level of Protection||₹1,50,000 - No Limit|
|Policy Term:||12 to 20 years|
|Minimum Age at entry:||12 Years|
|Maximum Age at entry:||45 Years|
|Maximum Maturity Age:||65 Years|
|Premiums Mode:||Yearly, Half-Yearly, Quarterly or Monthly|
|Optional Riders:||Accidental Death & Disability Benifit Rider, Term Insurance Rider|
|Premium Mode Rebate:||Yearly mode - 2%, Half-yearly mode - 1%|
|Payment of Benefit:||at the time of maturity or When Risk Occurs|