LIC Aadhaar Shila Plan: Life Insurance Corporation of India brings a variety of plans for the different needs of the customers. In this series, LIC’s foundation policy is a better investment option for people with low income group.
LIC Aadhaar Shila Plan: Life Insurance Corporation of India brings a variety of plans for the different needs of the customers. In this series, LIC’s Aadharshila policy is a better investment option for low-income people. However, this scheme is only for women. LIC Aadharshila plan is a non-linked, personal life insurance plan exclusively for women. In this plan, a fixed payout is made at maturity and financial assistance is given to the family in case of unfortunate death of the policyholder during the policy term.
Why is this scheme special for women?
Only women with Aadhaar card are eligible to invest in this scheme. In this, the minimum age is 8 years and the maximum age is 55 years. That is, this policy can also be taken in the name of an 8-year-old girl child. The policy term is between 10 to 20 years. The sum insured under this scheme ranges from Rs 2 lakh to a maximum of Rs 5 lakh. Loan service is available after 3 years in this policy.
How to get 6.5 lakhs on maturity?
Suppose if a girl takes Jeevan Aadhaar Shila plan at the age of 21 for 20 years, then she will have to deposit Rs 18,976 annually as premium. Means about 1600 rupees will have to be deposited every month. In this way, about 3 lakh 80 thousand rupees will be deposited in a period of 20 years and 6 lakh 62 thousand rupees will be received on maturity. There will be 5 lakh basic sum assured and 1,62,500 loyalty addition.
Calculation
The calculation of premium and maturity given here is tentative. This calculation will be different if you take a plan for an 8-year-old girl. Then in this case the premium amount will be reduced. For more details you can contact LIC office. Another special feature of this policy is that if the policyholder wishes, he can also take the maturity money in installments every year on maturity.
Nominee gets money
In this scheme, on the death of the policyholder, the sum assured is given to the nominee. This money can be up to 7 times the annual premium or 110 percent of the sum assured. At the same time, loyalty addition is also available in this plan along with sum assured on maturity.
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