The Life Insurance Corporation of India develops program for people of all economic levels, including specific offerings for women. The LIC Aadhaar Shila Plan is one such scheme, aimed to provide high long-term returns with a low commitment of just Rs.87 each day. Here’s what you need to know if you’re interested in this scheme:
The LIC Aadhaar Shila Scheme is a non-linked individual life insurance plan designed specifically for women. This plan provides a fixed payout upon maturity and financial support to the policyholder’s family in the event of the policyholder’s untimely death during the policy term.
This scheme is only open to women who have an Aadhaar card. To be eligible, the woman’s age must be between 8 and 55 years old. The policy period can be set between 10 and 20 years, with a maximum maturity age of 70 years. For example, if a lady is 55 years old, she can choose a 15-year policy term. The sum promised under this scheme ranges between Rs 2 lakh and Rs 5 lakh.
If you want to save Rs 11 lakh when your LIC Aadhaar Shila policy matures, you can do it by investing Rs 87 every day. This equates to a Rs 31,755 annual premium. Your entire deposit during a 10-year period would be Rs 3,17,550. If you elect to withdraw the accrued cash at the age of 70, you can receive Rs 11 lakh.
This LIC scheme offers women a simple and practical approach to ensure their financial future while reaping the advantages of life insurance coverage. It’s an excellent opportunity to invest in your financial stability and that of your family.
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