Do you have the habit of buying things frequently, even when you don’t need them? There have been times when you decided to overcome this expensive habit of yours, but you never quite managed to succeed in getting rid of your shopaholic tendencies. This habit will most definitely not let you save anything for your future. And hence, you need a plan which will enable you to save some money, all-the-while letting you enjoy your habitual-spender status.Read more
An endowment plan is just what you need in this scenario. It will not only help you get a life cover, but will also help you develop the habit of saving, so you are able to get a lump sum amount once the policy matures. You can use this money to meet your different financial needs, such as your kids’ education, purchasing a house or even funding your retirement.
Jeevan Pragati (no. 838) is one of LIC's premium endowment plans, with a non - market linked policy and a risk coverage against inflation. This plan was launched on 3rd March 2016 and was designed to meet the characteristics of a savings plan, which also offers redefined protection throughout its policy term. It is equipped with both long term reversionary i.e., long-term returns, and final accumulated bonuses - giving an extensively increased sum assured on death, once every 5 years.
Thus, LIC Jeevan Pragati provides the insured person the surety of receiving a lump sum amount on its maturity, along with death and other exclusive benefits. This is why, it’s considered an ideal policy for people, who are looking for popular investment options in India option which can protect them against the consequences of a sudden accident /disability, or life after retirement.
If your objective is to look for a risk-free endowment plan where you can get the dual benefits of tax-savings as well as life insurance, LIC Jeevan Praagti Plan is going to be your best bet.
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