LIC Aadhaar Shila Policy: Invest Rs 58, get funds worth lakhs, and know the terms and conditions

LIC Aadhaar Shila Policy: By investing only Rs 58 daily in this scheme, you can deposit a safe fund along with a life assurance plan.

Life Insurance Corporation of India (LIC) has policies for every section of society. This is the reason why it is the market leader in the insurance sector. It also has schemes for all income groups. LIC Aadhaar Shila Policy is for low and middle-income groups. This policy is for those earning a minimum amount of Rs 75,000 and a maximum of Rs 3 lakh annually. You can invest in LIC Aadhaar Shila Yojana for a nominal amount per day. It is a long-term investment like most LIC policies. With this policy, the person also gets death coverage. If a person invests Rs 58 every day, then he will get lakhs of rupees at the time of maturity. Let us know about the main features of the scheme.

Features of LIC Aadhar Shila Plan

LIC's Aadhaar Shila Policy is a non-linked, participating, individual, life assurance plan. It provides security as well as savings. It provides financial support to the family in the event of the unfortunate death of the policyholder and a lump sum amount at the time of maturity. A loan facility is also available in this.

• The Sum Assured on Death is seven times the Annualized Premium and 110% of the Basic Sum Assured.
• The minimum basic sum assured is Rs 75,000 and the maximum is Rs 3 lakh.
• The minimum age of entry is 8 years and the maximum age of entry is 55 years. The term of the policy is 10 to 20 years.
• This scheme is especially for women. The minimum plan term is between 10 to 20 years. The maximum age for maturity is 70 years. It also has a loyalty edition feature.
• The premium has to be paid in monthly, quarterly, half-yearly, and yearly modes.

If you are 20 years old and you invest at the rate of Rs 58 every day, then you would have invested Rs 21,918 annually. After 20 years your invested amount will be Rs 42,9392. At the time of maturity, you will get Rs 7,94,000.