LIC Aadhaar Shila plan can be purchased by a woman of 55 years maximum. At the same time, the minimum age limit for this plan is eight years.
The importance of insurance policy has increased greatly in the run-of-the-mill life. A person can choose an insurance policy depending on his need and preference. An insurance policy brings investment, health and life cover all three things. Life Insurance Corporation of India (LIC) offers insurance policies to suit the needs of different classes of people. One such policy of LIC is Aadhaar Shila Plan. It is also popular by the name LIC Aadhaar Shila. Let us know what are the benefits of this policy.
Life Insurance Corporation of India has launched this policy exclusively for women. LIC brought this policy on February 1, 2020. This plan is for women who have an Aadhaar card. This thing also appears in the name of this policy. This policy of LI not only gives the option of saving to the insured, but also provides life cover. The lump sum is provided to the insured at the time of maturity of the policy. Assistance is also provided to the family in case of death of the insured.
You can take this policy
A maximum of 55 years of age can be purchased by LIC Aadhaar Shila Plan. At the same time, the minimum age limit for this plan is eight years. According to the terms of the policy, the age of the insured should not be more than 70 years at the time of maturity. The maturity period in this plan ranges from 10 years to 20 years. Along with this, auto cover and loan facility are also available in this policy, which helps in meeting the liquidity requirement of the insured.
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Know how much is the sum insured
This plan can be taken with a minimum basic insurance amount of Rs 75,000. At the same time, the maximum basic insurance amount is three lakh rupees. Premium can be paid on yearly, half-yearly, quarterly or monthly basis in LIC Aadhaar Plan. Insurance holders can also opt for auto debit.
On death of policy holder
Assistance is also given on death of the insured. If the insured dies within the first five years, then the sum assured is provided on death. If the insured dies after completion of five years of the policy and before maturity, then the Sum Assured is awarded on death and loyalty addition.
Maturity benefit
The Sum Assured along with Maturity and Loyalty Addition is provided to the insured at the time of maturity of LIC Aadhaar Policy.
Know what is loyalty edition
Loyalty Addition is granted when the insured leaves the policy after completion of five years of the policy. This is provided in both the death or maturity of the policy holder. The condition here is that the premium should be paid for the full five years by the insured
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