If you are searching for a risk-free and high return offering investment plan to secure your future, then what’s better than trusting the LIC scheme? Life Insurance Corporation of India introduces profitable schemes now and then. These schemes are highly beneficial for its investors. One such scheme that was introduced recently is the LIC Aadhaar Shila Plan. This investment plan offers an opportunity to contribute a mere ₹87 daily and get ₹11 lacks at maturity. Let’s dig into more details.
What is the LIC Aadhaar Shila Plan?
LIC has introduced Aadhaar Shila Plan exclusively for women as a non-linked, individual life insurance scheme. This investment is designed to offer a fixed sum after maturity and financial assistance to the family of policyholders in case of sudden demise during the policy term.
Who Can Invest in This Scheme?
Only women aged 8 to 55 years with an Aadhaar card are eligible to invest in LIC Aadhaar Shila Plan. The maturity period of this scheme can be between 10 to 20 years, and when the policy gets matured, the maximum age of a woman can be 70 years. “For instance, if a woman is 55 years old, she can opt for a policy term of 15 years. The sum assured under this scheme ranges from Rs 2 lakh to a maximum of Rs 5 lakh,” mentioned DNA India.
“If you aim to accumulate Rs 11 lakh upon maturity through the LIC Aadhaar Shila policy, you can achieve this by investing Rs 87 per day. This translates to an annual premium of Rs 31,755. Over ten years, your total deposited amount would be Rs 3,17,550. At the age of 70, if you decide to withdraw the accumulated amount, you can receive a fund of Rs 11 lakh,” further wrote.
This scheme is highly beneficial for women, as they can financially secure their future while contributing ₹87 per day. This plan clearly shows the advantage of life insurance coverage.