LIC Aadhaar Shila offers women both savings and insurance benefits, ensuring financial protection and wealth accumulation.
The LIC Aadhaar Shila plan is a unique offering that combines savings and insurance benefits to help individuals and their families build wealth over time while ensuring financial protection during unforeseen events.
LIC Aadhaar Shila policy overview:
The LIC Aadhaar Shila policy is an endowment plan designed to offer both savings and life protection. In the unfortunate event of the policyholder's demise during the policy term, the plan provides crucial financial support to the family. Conversely, if the insured individual survives the entire policy term, they will receive maturity benefits. Furthermore, this policy caters to liquidity needs by offering a loan facility and the option to add motor insurance. It is specifically designed with the needs of women in mind.
Benefits of LIC Aadhaar Shila policy:
Maturity Benefit: Receive a payout upon policy maturity.
Death Benefit: Provide financial protection to your family in case of your demise.
Surrender Benefit: Choose to surrender the policy under certain conditions.
Loyalty Additions: Enjoy loyalty additions to enhance your savings.
Policy Loan: Access a loan facility based on your policy's value.
Tax Benefits: Avail tax benefits as per prevailing tax laws.
Premium Payments: Make premium payments as per your convenience.
Eligibility for LIC Aadhaar Shila policy:
This policy is available to all females between the ages of 8 and 55. The policy matures between 10 and 20 years, with a maximum maturity age of 70 years.
LIC Aadhaar Shila policy: A savings example:
For instance, if you invest Rs 87 per day from the age of 15 until you reach 25, it will take a full year to accumulate Rs 31,755. However, by consistently investing for ten years, you will have deposited Rs 3,17,550. This amount will mature when you turn 70, providing you with a total payout of approximately Rs 11 lakh.
The LIC Aadhaar Shila plan is a versatile and beneficial savings and insurance solution designed to secure your financial future while offering peace of mind to your loved ones.
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