If you are also planning a safe investment, this news is for you. Indeed, profits are high in the stock market, but so is risk. In this case, if you want to make a profit without risk, LIC’s plan may prove to be better for you. Today we are telling you about one such scheme of LIC which has bumper profit.
LIC Superhit Plan
Significantly, the Life Insurance Corporation of India (LIC) guarantees you savings and security. IRDA is the LIC Life Progress Plan, a special policy that complies with the rules of the Insurance Regulatory and Development Authority of India. By investing in it you not only become a millionaire but also come with risk cover. The plan was launched on February 3, 2016.
Will get death benefit
In Life Insurance Corporation of India’s Life Progress Plan, regular premium has to be paid. In this policy, you also get Death Benefit, which increases every 5 years. This amount depends on how long your policy has been active.
Features of the policy
- Basic Sum Assured i.e. 100% of the basic sum assured is paid for 5 years from the date of taking the policy on the death of the policyholder.
- At the same time, 125% is paid on the death of the policyholder between the ages of 6 to 10 years, 150% between the ages of 11 to 15 years and 200% between the ages of 16 to 20 years.
- Accident Benefit and Disability Rider can also be availed in this plan. You will have to pay some extra for this.
- After maturity benefit of Jeevan Pragati Yojana, you will get an amount of Rs. 28 lakhs.
How much and how much will you get?
You have to invest in it for 20 years. The investor has to invest Rs 6,000 per month i.e. Rs 200 per day. This policy can be started from the age of 12 years. The maximum investment age is 45 years.