Utility: LIC launches special scheme for women, start investing from just Rs 58!

If you are a woman and want to save big by investing less money, and want to earn lakhs of rupees in a few years, then you must know about this scheme of the Life Insurance Corporation of India ie 'LIC'. This is also a safe investment option, the name of this scheme is 'LIC's Foundation Plan'. Today we are going to tell you what is this plan.

If you are looking to invest in LIC plans, then LIC's 'Aadhaar Plan' is the best option for you. Women can easily get good returns by investing a small amount daily in this scheme. For this, you have to invest only Rs.58 per day.

However, you will get a huge amount on maturity. Under this scheme of LIC, women between the age of 8 years to 55 years can invest. Under this plan, the entire money is given to the nominee even after the death of the policyholder.

Features of the Aadharshila Scheme

LIC Aadhaar Shila's plan is specially designed for women.

- Minimum policy term is 10 years and the maximum is 20 years.

The maximum age of maturity of this scheme is 70 years.

- On the death of the policyholder after 5 years of taking the policy, the family will get the facility of loyalty addition on maturity.

A lump sum amount will also be available at the end of the policy term.

Under the scheme, you can invest a minimum of Rs 75000 and a maximum of Rs 3 lakh.

There is an option to pay the premium for this plan on a monthly, quarterly, half-yearly, or yearly basis.

Understand the whole math here

Suppose, at the age of 30, you deposit Rs 58 per day in this scheme for 20 consecutive years, then the total amount deposited by you in the first year is Rs 21918. You will also have to pay tax at the rate of 4.5 percent. After that in the second year, you will have to pay Rs 21446. Thus, you will be paying this premium on a monthly, quarterly, half-yearly, or yearly basis. After paying the premium every year, you will accumulate a total of Rs 429392 in 20 years. After this, at the time of maturity, you will get a total of Rs 794000.