Jeevan Pragati, this is the name of the New life insurance plan of Life Insurance Corporation of India, Table No. 838. It is going to be launched on 03/02/2016. Jeevan Pragati is a non linked, with profit endowment assurance plan, where death sum assured automatically increases after every five years during the term of the policy. Unique Identification number of Jeevan Pragati Plan is 512N306V01.
Table of Contents
On the death of the Life assured during the policy term, death benefit equals to “Sum Assured on Death” along with vested simple reversionary bonus and Final Additional Bonus (FAB) if any will be payable.
Here “Sum Assured on Death” is defined as the higher of
Death benefit mentioned here will not be less than the 105% of total premium paid up to the death of life assured.
Premium mentioned here will not include any taxes, extra amount in the policy due to underwriting decisions and rider premium if any.
On survival to the end of the policy term, “Sum Assured in Maturity” along with vested simple reversionary bonus and Final Additional Bonus, if any, will be payable. “Sum Assured in Maturity” mentioned here is equal to Basic sum assured in the policy.
To know about the premium rates of Jeevan Pragati please Click Here. For ready reckoner please Click Here
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Nice
nice
V.good
Great. Need to check the maturity benifits.
very nice plan