Best LIC Plan : Despite the many investment options, many still trust Life Insurance Corporation of India. LIC brings different types of plans from time to time according to the needs of its customers. Today we are going to tell you about one such plan of LIC which is specially designed for women. Housewives can accumulate funds of lakhs of rupees by saving little through this scheme. Yes, women can earn huge money with very little investment. What is the plan? Let’s see…
This special policy for women is called Cornerstone Policy (LIC Aadhaar Shila Policy). LIC’s Aadharshila scheme provides both security and savings. Women between the age of 8 years to 55 years can invest in it. But to avail this, women must have Aadhaar card, PAN card and bank account. Women can avail this plan for minimum 10 years and maximum 20 years.
Under the Aadhaar Shila Policy, the Basic Sum Assured under LIC Aadhaar Shila Yojana is a minimum of Rs 75,000 and a maximum of Rs 3,00,000. The maximum age of maturity is 70 years i.e. at the time of maturity the age of the policy holder should not exceed 70 years. On maturity, the policyholder gets a lump sum. If you buy this plan, you are given the option to pay the premium monthly, quarterly, half yearly and yearly.
Savings of Rs 899 per month is also enough
If you also save Rs 899 per day every month and accumulate this savings for 20 years, you will accumulate a total of Rs 10,788 annually. You will invest a total of Rs 215760 in 20 years. And on the maturity of the policy, you will get Rs 397000 thousand, which is almost double the investment.
This policy of LIC also includes death benefit. In this, the family gets help after the death of the policyholder. By investing in this scheme, women can add well to their wealth. However, there is no tax deduction in this scheme.
