Jeevan Pragati is a regular premium payment Endowment Insurance Non Linked With Profit Plan.
Optional Rider: This plan is available with an optional rider to provide better protection to policyholder
Best suited for the person aged between 12 years to 45 years.
Maturity Benefit: At the end of policy term policyholder will get Basic Sum Assured with Total vested reversionary bonus and Final Additional Bonus (as applicable)
Increasing Death Sum Assured: Its biggest advantage over and above the all other available life insurance products in market is Increasing Death Sum Assured. Up to 15 year term natural death sum assured will be increased by 25% to 50% In interval of every 5 years.
Loan Facility: Allowed (After 3 Full years premium payment) will be 90% of Surrender value for inforce policies and 80% for paid-up policies.
Tax Benefits: Policy holder can avail income tax benefit u/s 80C of I.T. Act for the premiums paid and all maturity proceeds will be Tax free u/s 10(10D) of I.T. Act.
|Modes||Yearly, Half Yearly, Quarterly, Monthly (SSS or ECS)|
|Yearly Premium For 1000000 Sum Assured|