Premium and Benefit Calculator – LIC Jeevan Pragati – Plan 838. LIC Jeevan Pragati – Plan 838 – is an endowment assurance type of plan with an additional benefit of automatically increasing risk coverage after every five years during the term of the policy. Premium and Benefit calculator for the plan will give you a clear idea on the what you have to pay for the plan as per your age and other details. It can also give you the benefits available from the plan, such as insurance coverage, maturity benefit, income tax benefit etc.
LIC Jeevan Pragati – plan 838 – Key features
- Endowment Assurance type of plan with a term of 12 years to 20 years to choose as per the need of the policy holder.
- Risk coverage increases by 25% on completion of every block of 5 years during the term of policy.
- Maturity benefit includes Basic Sum Assured, vested bonus and final addition bonus and shall be paid at the end of the term.
- Maturity benefit is tax free u/s 10(10D) and the premium paid will be exempted from tax u/s 80C.
- Loan and surrender available after three full years of premium payment.
Note# The illustration of benefits shown above is as per the latest bonus rates declared for the plan by LIC of India. Please remember that the actual returns can vary as per the experiences of LIC of India. Illustration given below is intended just to provide you a general idea on the insurance coverage and other benefits of the plan.