LIC offers many such policies from which huge amount can be raised even with less investment. LIC’s Aadharshila Policy is very beneficial for low and middle class women. In this, women can get a return of lakhs of rupees at the time of maturity by investing only 58 rupees every day.
Thane Delhi. Life Insurance Corporation of India (LIC), the country’s largest insurance company, offers a variety of insurance policies for people of all income groups. LIC’s Aadhaar Shila policy is specially designed keeping in mind the low and middle income group women. Through this policy, huge funds can be raised even with less investment.
Like other policies of LIC, Aadharshila Policy is also a long term policy. Its minimum amount is Rs 7 thousand and maximum Rs 3 lakh. In this policy, you can set aside a nominal amount on a daily basis. Let us know what other special things are there in this policy.
What is LIC Aadhaar Shila Policy
This insurance policy is specially designed keeping in mind the needs of low and middle income women. The policy term is minimum 10 years and maximum 20 years. Women aged 8 to 55 can invest in this plan. At the same time, its maximum maturity age is 70 years. Under this plan, the basic sum assured is minimum Rs 75 thousand and maximum Rs 3 lakh.
Understand the investment and returns of this policy in this way,
if you are 20 years old and you start investing in this policy every day at Rs 58, then your annual investment will be Rs 21918. In this way after 20 years your investment amount will be Rs 429392. While at the time of maturity you will get Rs 794000 with interest. That is, a small savings every day can give you a return of lakhs of rupees in a few years.
Savings along with security
By investing in LIC’s cornerstone policy, you get the benefit of savings along with security. In case of unfortunate death of the policyholder, his family is given a cover of seven times the annual premium of the insurance and 110% of the total sum assured. This plan is one of the best policies for women to secure their future with small savings. In this plan, you can pay the premium on monthly, quarterly, half yearly or yearly basis.
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