Invest Just Rs 87 Daily, Get Rs 11 Lakh at Maturity with LIC Scheme – All Details Inside

LIC Aadhaar Shila Investments Policy: The LIC Aadhaar Shila Plan offers a unique savings and insurance benefits package. It helps the family accumulate wealth over time and provides financial security in case of an emergency. LIC Aadhaar Shila is an endowment plan that offers both savings and life protection. If the policyholder dies during the policy term, the plan will provide financial security to the family.

How to Save Up to Rs 11 Lakh by Investing Rs 87 Per Day?

For example, if a 55-year-old individual deposits Rs 87 daily for the next 15 years, the total contribution at the end of the first year will be Rs 31,755.

Over 10 years, the deposited amount will total Rs 3,17,550. By the time the individual reaches the age of 70, the total accumulated amount will be Rs 11 lakh. If the policyholder survives the entire policy term, they will receive the maturity benefits. Additionally, the plan offers loan facilities and motor insurance options. This plan is specially designed for women.

LIC Aadhaar Shila Plan: Benefits

1. Upon surviving the entire policy tenure, the life assured is eligible to receive the maturity benefit. Upon maturity, the policyholder can reinvest the lump sum amount in a new policy.
2. The plan also provides death benefits. In case of the insured person’s untimely death, the death benefit will be paid to the nominee.
3. Policyholders can apply to surrender their policy after completing two consecutive policy years. Upon surrendering the policy, the guaranteed surrender value payable during the policy tenure will equal the total premium paid.
4. Investors can avail of loan benefits after the policy attains surrender value.
5. The premium payment tenure is equal to the policy tenure and can be paid annually, monthly, quarterly, or half-yearly.

All women between the ages of 8 and 55 are eligible to apply for the policy. The policy matures between 10 and 20 years, with the maturity age being 70 years.