The maturity period of this policy is a minimum of 10 years and a maximum of 20 years.
The Life Insurance Corporation of India (LIC) keeps on offering excellent schemes from time to time for its customers. Now LIC has brought a scheme, especially for women. The scheme is called LIC Aadhaar Shila Plan. Women aged between 8 and 55 years can invest in this scheme.
LIC’s Aadhar Shila plan gives both security and savings to its customers. But only those women can take advantage of this, who have a valid Aadhaar card. The policyholder will get the money on maturity and this plan also provides financial help to the policyholder and the family after death.
A minimum of Rs 75,000 and a maximum of Rs 3 lakh can be invested under the LIC Aadhar Shila plan. The maturity period of this policy is a minimum of 10 years and a maximum of 20 years. The maximum age at maturity is 70 years. At the same time, the premium payment of this plan is done on a monthly, quarterly, half-yearly or yearly basis.
You can understand this scheme with an example. Suppose if you are 30 years old and deposit Rs 29 daily for 20 years, then in the first year, you will have a total deposit of Rs 10,959. Now it will also have a 4.5 per cent tax. Next year you will have to pay Rs 10,723. In this way, you can deposit these premiums on every month, quarter, half-yearly or yearly basis. You will have to deposit Rs 2,14,696 in 20 years and you will get a total of Rs 3,97,000 at the time of maturity.
