If you’re looking for LIC Jeevan Pragati endowment insurance plan, you’re at right place. This article will give you all details about LIC Jeevan Pragati.

LIC Jeevan Pragati Introduction

LIC’s Jeevan Pragati Plan is a non-linked, with – profits plan which offers a combination of protection and savings. This plan provides for automatic increase in risk cover after every five years during the term of the policy. In addition, this plan also takes care of liquidity needs through loan facility.

LIC Jeevan Pragati Eligibility

  1. Minimum Basic Sum Assured : Rs. 1,50,000
  2. Maximum Basic Sum Assured : No Limit

(The Basic Sum Assured shall be in multiples of Rs. 10,000/-)

  1. Policy Term : 12 to 20 years
  2. Minimum Age at entry : 12 years (completed)
  3. Maximum Age at entry : 45 years (nearer birthday)
  4. Maximum Maturity Age : 65 years (nearer birthday)

LIC Jeevan Pragati Death Benefit

LIC Jeevan Pragati
LIC Jeevan Pragati

In case of death during the policy term, provided all due premiums have been paid, Death benefit, defined as sum of “Sum Assured on Death “, vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where “Sum Assured on Death” is defined as the higher of 10 times of annualised premium or Absolute amount assured to be paid on death i.e. 100% of the Basic Sum Assured during first 5 policy years, 125% of the Basic Sum Assured during 6th to 10th policy years, 150% of the Basic Sum Assured during 11th to 15 th policy years and thereafter 200% of the Basic Sum Assured.

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This death benefit shall not be less than 105% of all the premiums paid as on date of death.



Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premium, if any.

LIC Jeevan Pragati Maturity Benefit

“Sum Assured on Maturity” equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

LIC Jeevan Pragati Bonus

The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in force. The Bonuses shall be declared on the Basic Sum Assured.

Final Additional Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity.

LIC Jeevan Pragati Policy Document

You may download the policy document from here.

LIC Jeevan Pragati | Features and Benefits
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