LIC Aadhaar Shila: The LIC Aadhaar Shila plan is a one-of-a-kind product that combines savings and insurance benefits to assist individuals and families in accumulating wealth over time while assuring financial security in the event of unforeseen events.
The LIC Aadhaar Shila policy is an endowment plan designed to provide both life insurance and investments. The plan provides vital financial support to the policyholder’s family in the unfortunate event that the policyholder dies during the policy term. In contrast, if the insured individual survives the entire policy term, maturity benefits will be paid. In addition, this policy meets liquidity requirements by providing a loan facility and the option to include auto insurance. It is designed specifically with women’s requirements in mind.
LIC Aadhaar Shila policy benefits:
- Receiving a reimbursement upon the policy’s expiration.
- Provide financial protection for your family in the event of your death.
- Choose to surrender your policy under certain conditions and receive a surrender benefit.
- Take advantage of loyalty additions to increase your savings.
- Access a loan facility based on the value of your policy.
- Utilise tax benefits in accordance with the applicable tax laws.
- Premium Payments: Pay your premiums at your convenience.
Policy eligibility for LIC Aadhaar Shila
This policy is accessible to all women between the ages of eight and fifty-five. With a maximal maturity age of 70 years, the policy matures between 10 and 20 years.
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An investment example of the LIC Aadhaar Shila policy
For example, if you invest Rs 87 per day between the ages of 15 and 25, it will take you an entire year to accumulate Rs 31,755. However, after ten years of consistent investment, you will have accumulated Rs 3,17,550. This quantity will mature when you turn 70, providing you with approximately Rs 11 lakh in total payout.
The LIC Aadhaar Shila plan is a flexible and advantageous savings and insurance solution designed to safeguard your financial future and provide you and your loved ones with peace of mind.
