Life Insurance Company of India (LIC) comes with a wide range of insurance coverage insurance policies to go well with particular person wants and preferences. LIC’s Aadhar Shila is a plan solely for girls’s lives, which offers a mix of safety and financial savings. The plan offers monetary assist for the household in case of unlucky demise of the policyholder at any time earlier than maturity and a lump sum quantity on the time of maturity for the surviving policyholder. The scheme additionally takes care of the liquidity wants by way of its auto cowl in addition to mortgage facility.
LIC Aadhar Shila Yojana: Calculated to take a position Rs 29 per day to get round Rs 4 lakh on maturity after 20 years
For example you begin the plan on the age of 30.
A saving of Rs 29 per day means you’ll be able to make investments Rs 10,959 in LIC Aadhar Shila plan in a 12 months.
You’ll make investments Rs 2,14,696 over 20 years and get a return of Rs 3,97,000 on maturity.
Eligibility: This plan is offered solely for a traditional wholesome life with none medical check-up.
Minimal Primary Sum Assured per life: Rs 75,000
Most Primary Sum Assured per life : Rs. 300,000
The Primary Sum Assured might be in multiples of Rs 5,000, Rs 75,000 to Rs 1,50,000 over the Primary Sum Assured and Rs 10,000 for the Primary Sum Assured exceeds Rs 1,50,000.
Minimal age at entry: 8 years (accomplished)
Most age at entry: 55 years (nearest birthday)
Coverage Time period: 10 to twenty years
Premium Paying Time period: Similar because the coverage time period
Most age at maturity: 70 years (nearest birthday)
LIC says that the overall fundamental sum insured beneath all insurance policies issued to a person beneath this plan shouldn’t exceed Rs 3 lakh.
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