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LIC Policy: Specially, the risk coverage is available from the date of issue of the policy. The full amount is due at the end of the term.

Many schemes of LIC have very low premiums. But at the end of the term, there is a huge return. LIC's Aadhaar pillar policy is one such plan. It offers the benefits of both security and savings. But this scheme is only for men.

Aadhaar card is mandatory to invest in Aadhaar pillar policy. Specifically, risk coverage is available from the date of issue of the policy. The full amount is due at the end of the term. In case of accidental death the money is handed over to the nominee.

Huge return on savings of Rs 30 per day: Investing in Aadhaar pillar policy for 20 years will get you Rs 3.97 lakh at the end of the term. Annual premium of Tk 10,821 has to be paid. 901 taka per month if you calculate the month. That is 30 rupees per day.

The policy holder can pay the premium on daily, monthly, quarterly, half-yearly or yearly basis. The guaranteed return amount is Rs 3 lakh. Besides, an annual return of 4.5 percent of the total investment will add Tk 97,500 as loyalty. In all, 3,97,500 rupees will be received.

Benefits of Aadhaar Pillar Policy: There are several benefits of Aadhaar Pillar Policy. Daily investment is only 30 rupees. About 4 lakhs on maturity. Most importantly, it provides death benefit and other benefits.

To Buy Policy: Males aged 8 to 55 years can buy LIC's Aadhaar pillar policy. Maximum age of the applicant should not exceed 70 years at the time of expiry of the plan. The minimum policy amount is Rs 75,000. Maximum 3 lakh rupees. The principal amount is paid in multiples of Rs.5,000. Tenure 10 to 20 years. In this scheme the risk coverage starts from the date of issue of the policy.

If someone buys a policy at the age of 35, he will have to pay a premium of Tk 10,000 per year for 15 years. In this case the guaranteed amount is 2 lakhs. Loyalty will also be given along with Tk 2 lakh on maturity.