LIC: The country’s largest insurance company LIC keeps on bringing new insurance plans. This time his special insurance scheme for women is becoming increasingly popular. The name of this scheme is ‘Aadhaar Shila’. There is a special purpose of adding Aadhaar to its name. Only those women can buy this policy, who have Aadhar card.
The aadhaarshila plan was launched on 1 February 2020. Along with life cover, this policy also provides savings. If a woman invests Rs 29 per day in this policy, then she will get Rs 4 lakh on maturity. During this time a loan can also be taken in this plan.
For how long the plan can be taken
Any woman between the age of 8 to 55 years can buy this policy. It can be bought for 10 years. The maximum term is 20 years. The age of the woman at maturity should not be more than 70 years.
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Under this plan, a minimum insurance of Rs 75 thousand can be obtained while the maximum amount is Rs 30 lakh. The policyholder can take rider of accident benefit in this.
how much will be the premium
If a woman is 20 years old and the policy term is also 20 years and she has insured Rs 3 lakh, then she will have to pay a premium of about Rs 10,649 annually. However, next year this premium will come down to Rs 10,868.
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On maturity, he will get Rs 4 lakh. 2 lakh as Sum Assured and the balance amount will be Loyalty Bonus.
Premiums can be deposited in this plan on monthly, quarterly, half-yearly and yearly basis. If you forget to pay the premium on time, you will get a grace period of 30 days. But, if you choose to pay the premium on monthly basis, you will get a grace period of 15 days.
If the policyholder dies within 5 years of the commencement of the policy, an amount equal to the Sum Assured will be paid. But, if death occurs after this, then the nominee will also get the sum assured and loyalty bonus.
On maturity, you can either get the full payment all at once or in installments.
This policy can be surrendered at any time after paying the premium for two consecutive years.
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