Money Saving Scheme : A housewife is dependent on her husband for her needs. Works 24×7 without pay. In such a situation, saving becomes even more important for them. So that we can help the family in future. LIC has been a trusted platform for investment for years. The insurance company is running a special scheme for women, named “Aadhaar Sheela Scheme”.
About the scheme
With the help of LIC Aadhaar Sheela Scheme, women can create a fund worth lakhs even with small savings. It also provides benefits of many facilities. Tax exemption facility is also available under Section 80C of the Income Tax Act. A free look period of 15 days is also available. You can also apply for loan after three years of investment.
If the investor dies before maturity, the policy benefits go to the nominee’s family. Not only this, accident benefits are also available. Women between the age of 8 years to 55 years can avail the benefits of the policy. The policy term ranges from 10 years to 20 years. Can make quarterly, half yearly and annual premium payments.
This is the calculation
If a woman at the age of 30 invests in the policy for 20 years, then she will have to deposit Rs 21,918 in this scheme annually. Accordingly, Rs 1834 will have to be invested every month. The woman will have to save about Rs 60 every day. Rs 7,94,000 is received during maturity, out of which the investors’ deposit amount is Rs 4,29,392.
