LIC Jeevan Pragati Plan 838 – Protection & Savings Plan

LIC Jeevan Pragati Plan, Table No 838 is the new LIC policy launched in 2016. LIC Jeevan Pragati is a typical non-linked endowment plan with profit plan. This is like a traditional Lic endowment plan with a little difference in feature, that is your sum assured value will get increased every after 5th year completion. Find more information about this policy below. This page is created to share every details about lic jeevan Pragati plan key features & details, lic jeevan Pragati plan 838 maturity benefits, lic jeevan Pragati plan premium calculator, lic jeevan Pragati plan review, lic jeevan Pragati plan survival benefits, lic jeevan Pragati plan no 838 return calculation and more details.

LIC Jeevan Pragati Plan

LIC Jeevan Pragati Plan Key Features, Details

Min Age at Entry 12 years
Max Age at Entry 45 years
Max age at maturity 65 years
Mode of premium payment Yearly, ½ Yearly, ¼ yearly, monthly
Min basic sum assured Rs 1,50,000
Max Sum assured No limit
Min Policy Term 12 years
Max Policy Term 20 years
Minimum Accident Benefit Sum Assured 10,000

LIC Jeevan Pragati Plan Maturity Benefits & Death Benefits

In case of survival till the policy end you will get maturity value as “Sum Assured on Maturity + Simple Reversionary Bonus + Final Additional Bonus (if any)”.

The death benefit of this value will depend up on as when the death occur. Check out the cases under which the death benefit amount will be as below.

  • During first 5 years of policy : 100% sum assured value + bonus
  • From 6th to 10th policy year : 125% of sum assured + bonus
  • From 11th to 15th policy year : 150% of sum assured + bonus
  • From 16th to 10th policy year : 200% of sum assured + bonus

Remember that the death benefit will not be less than 105% of the sum assured value at any time.

LIC Jeevan Pragati Plan Premium Calculator & Return Calculation

This part will be updated soon with some example to show how much one can get by investing in LIC Jeevan Pragati Plan 838. Keep a track of this page for more updates.

For more details please visit the LIC Jeevan Pragati Plan Official page.

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