LIC (Life Insurance Corporation of India) offers many schemes of better return on investment. There is a similar scheme for women as well. With this scheme of LIC, the objective of making women self-reliant can be fulfilled. In this scheme, LIC is giving an opportunity to increase money in one stroke. The name of the scheme is Aadhar Shila, in which women aged 8 to 55 years can invest. Investors can take a return of around Rs 4 lakh by depositing a minimum amount of money in this scheme. Know how you can take advantage of this scheme…
Apart from the returns, LIC also provides protection coverage in the plan. For example, if the investor dies before the completion of the plan, then the insurance company will give financial assistance to the family. The minimum sum assured in LIC Aadhar Shila plan is Rs 75000 while the maximum is Rs 300000.
Women can invest in this scheme for a minimum period of 10 years and a maximum of 20 years. Aadhar card will be required to open an account in LIC Aadhar Shila Yojana. If you want to take advantage of the scheme, then contact investment can be made in LIC agent or nearest branch.
To increase the investment to Rs 4 lakh, the investor will have to deposit Rs 10,959 every year with 4.5% tax for 20 years. If we talk about daily, then every day your savings will be around Rs 29.
LIC will have to deposit Rs 214696 in the next 20 years. However, LIC will refund you Rs 4 lakh on maturity. The investor can deposit his premium on a monthly, quarterly or half-yearly basis.
That is, there is a double benefit of investing in LIC. First, you will get better returns and second, if you die before the completion of the policy, then you will also get its cover.
