Home LIC Policy LIC’s only life insurance policy for women ‘Aadharshila’, special features

LIC’s only life insurance policy for women ‘Aadharshila’, special features

0
LIC's only life insurance policy for women 'Aadharshila', special features

Women Saving, Investment and Insurance news: Insurance matters expert Manoj Jain knows from Sweety about the only policy of LIC which was launched especially for women. Let us know what is special in it and all the special things related to it which will be useful for you.

A Non-Linked, Participating, Individual, Savings Life Insurance Plan: Talking about reliability, the name of LIC is enough. On the occasion of Women’s Day, let us tell you about the only policy of Life Insurance Corporation (LIC) which is only for women. Men cannot take this policy, only women can take it.

The female form can be an 8 year old girl or a 55 year old woman. Let us know from insurance matters expert Manoj Jain Sweety what is this policy and what are its benefits for you and your family:

Actually, this scheme provides financial help to the family of the female policyholder in case of death at any time before the maturity of the policy. But this is not only for the family of the female policyholder after her death, there are options available for the surviving policyholder also. That is, a lump sum amount is given at the time of maturity of the policy. Apart from this, you get auto cover through Aadharshila. If needed, loan facility is also available for which there are rules.

It is true that an 8 year old girl will take this policy only with the help of parents or a guardian, but a beginning can be made in this regard. If we look at it from investment point of view, investment can be made in it for 10 to 20 years. However, the maximum age for maturity of the policy has been kept at 70 years.

The thing worth noting is that if a woman is investing in this scheme at the age of 55, then she will be able to invest only for 15 years. You can choose the time to pay the premium for the policy yourself. This can be done on annual, half yearly, quarterly or monthly basis.

If you are able to save a small amount of Rs 87 per day for LIC Aadhaar Shila Yojana, then you will get a benefit of up to Rs 11 lakh. For example, if you are 55 years old and manage to deposit Rs 87 for the next 15 years, the total contribution at the end of the first year will be Rs 31,755. In the period of 10 years, the deposited amount will be Rs 3 lakh 17 thousand 550. After 15 years, when the woman reaches the age of 70 years, she will receive a total of Rs 11 lakh.

You can invest from minimum Rs 75,000 to maximum Rs 3 lakh. On maturity, if you wish, you can reinvest the lump sum amount in a new policy. After completing two consecutive policy years, you can apply to surrender your policy. On surrender of the policy, the Guaranteed Surrender Value payable during the policy term should be equal to the total premiums paid.

Exit mobile version