LIC Aadhaar Shila Plan: LIC’s plans suit the financial needs of most Indian individuals ranging from men, women, children. In such a situation, LIC Aadhaar Shila Plan is very useful.
LIC Aadhaar Shila Plan: Indians want to invest their hard-earned money on such a platform where they can get the best and safe returns. If we talk about such platforms, there are many options that can be considered. But Life Insurance Corporation of India (LIC) is one of the pioneers in providing various types of investment plans.
LIC’s plans suit the financial needs of most Indian individuals ranging from men, women to children. In such a situation, LIC Aadhaar Shila Plan is very useful.
Only women will get the benefit.
LIC Aadhaar Shila Yojana is a non-linked individual life insurance product only for women. This plan promises a guaranteed payout to the insured person on maturity. At the same time, when the policyholder dies, financial assistance will be provided to the family.
How much return will you get?
You can make a substantial amount of money even by making a nominal daily investment of only Rs 87 in LIC Aadhar Shila Yojana. For example, if a 55-year-old invests Rs 87 per day for the next 15 years, his total contribution at the end of the first year will be Rs 31,755.
In a decade, the cumulative amount invested will reach Rs 3,17,550. Finally, when the policyholder reaches the age of 70 years, he will get a total of Rs 11 lakh.
The minimum entry age for this scheme is 8 years, while the maximum age limit is 55 years. Investors can opt for a minimum policy term of 10 years and extend it to a maximum of 20 years.
At the same time, the maximum maturity age is 70 years and interested investors can start with a minimum investment of Rs 75,000. However, there is a facility to invest up to Rs 3 lakh in it.
