LIC Policy: This policy of LIC is one of the best investment plans. In this you can get a return of 11 lakh rupees by investing just 87 rupees.
LIC Scheme: Life Insurance Corporation of India (LIC), a leading insurance provider, offers a variety of life insurance policies to meet different financial goals. LIC Aadhaar Shila Yojana is a special policy implemented with the objective of providing financial security to women. This non-linked individual life insurance plan has a guaranteed return of Rs. Provides financial support to the insured's family in case of untimely death.
Financial security for women:
LIC is known for its low risk, customer centric policies. It provides solution to financial needs. LIC Aadhaar Shila Yojana allows policyholders to save up to Rs 11 lakh with a daily investment of just Rs 87.
Details of LIC Aadhaar Shila Scheme:
Minimum Policy Initiation Age: 8 Years
Maximum Policy Initiation Age: 55 Years
Minimum Policy Term: 10 Years
Maximum Policy Term: 20 Years
Maximum Maturity Age: 70 Years
Minimum Investment: Rs 75,000
Maximum Investment: Rs 3 Lakh
Benefits of LIC Aadhaar Shila Scheme:
1. Maturity Benefit: The policyholder will get more maturity benefit if he opts for full policy term. This lump sum can be reinvested in a new policy.
2. Death Benefit: In case of premature death of the insured, the benefit is paid to the policy nominee.
3. Guaranteed Surrender Value: Policyholders can choose to surrender their policy after completing two consecutive policy years. The surrender value of the guarantee is equal to the total premium paid during the policy period.
4. Loan Benefit: Once the policy achieves the surrender value, the investor can avail loan benefits.
5. Payment of premium: The premium payment period is designed to coincide with the policy period. Offers various payment frequencies including annual, monthly, quarterly or half-yearly methods.
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