LIC offers strong policies, but the choices we make are crucial. We need low premiums and high returns. And guess what? It’s achievable! Let me introduce you to the LIC Aadhaar Shila policy. This policy provides a substantial lump sum amount and is exclusively designed for women.
Key Features
The LIC Aadhaar Shila Scheme is a non-linked individual life insurance plan. Here’s how it works:
- Death Benefit: If the policyholder passes away, the nominee receives the full insurance amount.
- Maturity Benefit: If the policyholder is alive at the end of the policy term, they can get back the same amount they invested.
Benefits
This policy offers two types of benefits, depending on whether the policyholder survives or not.
Eligibility
To be eligible for this plan, you need to be between 8 and 55 years old. The policy term can range from 10 to 20 years, based on your preference.
Coverage
You must choose a minimum insurance amount of Rs. 75,000, and you can go up to a maximum of Rs. 3 lakhs. For instance, if you’re 30 years old and opt for a 3 lakh policy, your monthly premium would be around Rs. 900.
Daughter’s Insurance
If you’re interested in insuring your daughter under this policy, there’s an extra premium. For a 15-year-old daughter with a 20-year tenure, the monthly premium would be Rs. 870. At maturity, this could mean over 3 lakhs. For a higher coverage of 6 lakhs, the monthly premium would be Rs. 1570.
Getting More Information
For a complete understanding of this policy, you can reach out to an LIC agent or explore the details online. The LIC Aadhaar Shila policy offers a smart way for women to secure their financial future.