Best LIC Scheme for Investment : Exploring LIC’s Jeevan Pragati Plan for Secure Investments

Best LIC Scheme for Investment
Best LIC Scheme for Investment

Best LIC Scheme for Investment : When it comes to financial investments, one name that stands out is LIC. In India, many people prefer to invest in LIC due to its reliability and various popular schemes. Today, let’s delve into one of LIC’s fantastic schemes that offer excellent returns when invested wisely.

Understanding the Jeevan Pragati Scheme

The Jeevan Pragati Scheme by LIC has garnered significant attention from investors. This scheme ensures complete security for investors’ funds, making it an attractive option for those looking to invest. Let’s discuss how this scheme works and how much one should invest to reap its benefits.

Investment Details

  1. Investment Period: The scheme requires investors to invest for a minimum of 20 years. Investors need to deposit Rs. 6,000 every month, which translates to Rs. 200 per day.
  2. Age Limit: To invest in this scheme, the investor’s age must be between 12 and 45 years.
  3. Required Documents: Investors need essential documents such as a bank passbook, Aadhar card, PAN card, and mobile number for linking to the Jeevan Pragati Plan.

How to Accumulate Rs. 28 Lakhs?

Let’s calculate the savings under this scheme. Assuming the investor deposits Rs. 200 daily, they will save Rs. 6,000 monthly and Rs. 72,000 annually. Over 20 years, this totals Rs. 14,40,000, helping the investor accumulate Rs. 28 lakhs, including interest.

Application Process

To avail of this benefit, investors must apply for the Jeevan Pragati Scheme at LIC’s office. They need to obtain an application form, fill it accurately, attach all necessary documents, and submit the form along with the investment amount to LIC’s office.

Why Choose Jeevan Pragati?

  1. Security: LIC ensures the security of invested funds, providing peace of mind to investors.
  2. Regular Savings: With daily deposits, investors develop a disciplined saving habit, leading to substantial savings over time.
  3. High Returns: The scheme offers attractive returns, making it a lucrative investment option.
  4. Tax Benefits: Investors may also avail of tax benefits under applicable tax laws, enhancing their savings.

Investing in LIC’s Jeevan Pragati Scheme can be a game-changer for those looking for secure and profitable investments. By adhering to the scheme’s guidelines and investing regularly, investors can build a substantial corpus over time, ensuring financial stability and growth.

In conclusion, the Jeevan Pragati Scheme is a beacon of financial security and growth, offering investors a reliable path towards achieving their investment goals. With its disciplined approach and attractive returns, this scheme stands out as one of the best LIC schemes for investment in today’s market.

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