The LIC Aadhaar Shila plan is a unique savings and insurance benefits package. The strategy helps the family amass wealth over time and offers financial protection in the event of an emergency.
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LIC Aadhaar Shila policy:
LIC Aadhaar Shila is an endowment plan that provides savings and life protection. If the policyholder passes away during the policy term, the plan provides financial protection for the family.
If the insured lives through the policy’s whole term, the plan provides them with maturity benefits. Additionally, it addresses liquidity requirements by providing a lending facility and the option of motor insurance. This plan is created especially for women.
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LIC Aadhaar Shila policy: Benefits
- Maturity benefit
- Death benefit
- Surrender benefit
- Loyalty additions
- Policy loan
- Tax benefits
- Payments of premium
LIC Aadhaar Shila policy: Eligibility
All females who are between the age of 8 and 55 are eligible to apply for the policy.
The policy will mature between 10 and 20 years. The maturity age is 70 years.
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LIC Aadhaar Shila policy: Calculator
For example, you deposit Rs 87 per day from the age of 15 till the time you are 25. It will need a full year to accumulate Rs. 31,755. However, if you make consistent investments for ten years, you will deposit Rs 3,17,550. It will mature in 70 years, at which point you would receive a total payout of approximately Rs 11 lakh.
