If you're a woman planning for a secure future with small savings, Life Insurance Corporation of India (LIC) has a scheme that might catch your eye. Imagine investing just ₹50 per day and receiving over ₹6.6 lakh after 20 years!
Let's explore LIC's Aadhar Shila Plan - a specially designed policy for women that combines insurance, savings, and long-term growth in one.
Aadhar Shila is a savings cum insurance plan offered exclusively to women by LIC. This plan ensures a decent payout at maturity and financial support for the family in case of an untimely demise of the policyholder.
✅ Exclusively for women ✅ Affordable daily investment ✅ Insurance + savings ✅ Loan facility after 3 years
|
Feature |
Details |
|
Who Can Apply |
Women aged 8 to 55 years |
|
Policy Term |
10 to 20 years |
|
Premium Payment Options |
Daily, Monthly, Quarterly, Yearly |
|
Minimum Sum Assured |
₹2 lakh |
|
Maximum Sum Assured |
₹5 lakh |
|
Loan Facility |
Available after 3 years of premium payments |
|
Maturity Option |
Lump sum or yearly instalments |
Let's break down a realistic example for a 21-year-old woman investing in the Aadhar Shila policy for 20 years:
Daily Investment: ₹50 (approximately)
Annual Premium: ₹18,976
Total Premium Over 20 Years: ₹3.8 lakh
Basic Sum Assured: ₹5 lakh
Loyalty Additions: ₹1.62 lakh (approx.)
Total Maturity Value: ₹6.62 lakh
Yes, your ₹50/day savings can grow into a substantial fund of over ₹6.6 lakh, assuming current benefit rates remain the same.
Note: Premium amount varies depending on age at entry. The younger you are, the lower the premium.
In the unfortunate event of the policyholder's death during the policy term:
The nominee receives the death benefit, which includes the sum assured and applicable bonuses.
This ensures financial support to the family in difficult times.
Safe, government-backed savings option
Designed to support long-term financial goals
Encourages habitual saving with small daily amounts
Available for girls as young as 8 years old
Option to take maturity amount in yearly installments after 20 years
LIC's Aadhar Shila plan is a thoughtful option for women who want to build wealth gradually without pressure. With just ₹50 a day, you not only get a decent return but also life coverage and loan eligibility - all in one policy.
Before investing, it's wise to visit your nearest LIC office to understand your exact premium based on your age and financial goals.
Disclaimer: The benefits shown above are approximate and may vary. Please consult an LIC agent or official office for personalized advice and accurate calculations.