LIC Plan: Investment of Rs 1800 Per Month Yields Rs 8 Lakhs Returns- Check Maturity, Premium Calculator Here
LIC Aadhaar Shila Plan
Investment is a life-long affair. Investing your hard-earned money in institutions from where you can get a maximum return is a go-to method as there are lots of options available in the market.
Insurance behemoth Life Insurance Corporation of India (LIC) comes out with various types of insurance policies suiting individual needs and preferences.
LIC’s Aadhaar Shila is a plan designed exclusively for female lives, which offers a combination of protection and savings. This plan provides financial support for the family in case of the unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. In addition, this plan also takes care of liquidity needs through its Auto Cover as well as loan facility.
How to get Rs 8 lakh by investing Rs 58 per day
Assuming you begin the plan at the age of 30. Saving Rs 58 per day means you can put Rs 21,918 into the LIC Aadhaar Shila plan in a year. You will invest Rs 4,29,392 over the course of 20 years, with a return of Rs 7,94,000 at maturity.
LIC Aadhaar Shila Plan Eligibility Criteria
This plan is only available for standard healthy lives without undergoing any medical examination.
Minimum Basic Sum Assured per life: Rs 75,000
Maximum Basic Sum Assured per life : Rs. 300,000
The Basic Sum Assured shall be in multiples of Rs 5,000 from Basic Sum Assured Rs 75,000 to Rs 1,50,000 and Rs 10,000 for Basic Sum Assured above Rs 1,50,000
LIC Aadhaar Shila Plan Entry Age
Minimum Age at entry : 8 years (completed)
Maximum Age at entry : 55 years (nearest birthday)
LIC Aadhaar Shila Plan Policy Term
Policy Term: 10 to 20 years
Maximum Age at Maturity: 70 years (nearest birthday)