LIC’s Aadhaar Shila Plan is one such policy, which is specially designed for women. A woman of 8 to 55 years can invest in this plan of LIC and the age of maximum maturity is 70 years.
New Delhi. In today’s time, life insurance is necessary for every person. On getting insurance, you get life cover along with your savings. Life Insurance Corporation of India (LIC), the country’s largest life insurance company, has introduced different insurance policies according to the needs of the people.
LIC’s Aadhaar Shila Plan is one such policy, which is specially designed for women. Let’s know everything about it…
How much to invest
Under LIC Aadhar Shila plan, the basic sum assured minimum is Rs 75000 and the maximum is Rs 3 lakh. The policy tenure is minimum 10 years and maximum 20 years. A woman of 8 to 55 years can invest in LIC’s plan and the maximum maturity age is 70 years. The premiums in the plan are paid on monthly, quarterly, half yearly or yearly basis.
How to get Rs 4 lakh on maturity?
Suppose if you are 31 years old and deposit Rs 29 daily for 20 years, then in the first year you will get Rs 10,959. There will be 4.5 percent tax in this. Next year you will have to pay Rs 10,723. These premiums can be deposited on monthly, quarterly, half yearly or yearly basis. In this way you will have to deposit Rs 2,14,696 in 20 years and get Rs 3,97,000 at the time of maturity.
Who can take this policy
>> The minimum age limit for investment in this scheme is eight years.
>> A woman of maximum 55 years can take this policy.
>> At the same time, the age of the policyholder should not be more than 70 years at the time of maturity.
>> This policy provides savings as well as life cover.
>> On the maturity of this policy, the policyholder gets a lump sum amount.
>> However, in the event of the death of the policyholder, the family gets the assistance amount.
What are its benefits
LIC’s Aadhaar Shila Plan is a guaranteed return endowment plan. This is not a market linked scheme. In this, you are given the benefit of bonus facility. LIC’s Aadhar Shila plan offers you savings as well as protection at the same time. This plan provides financial assistance to your family in case you are no more before maturity.
