LIC Aadhaar Shila Yojana: LIC has come up with a great scheme for women. In which you can get 4 lakh rupees by investing very little.
Life Insurance Corporation of India (LIC) offers several investment schemes offering better returns and protection on the money invested. LIC has come up with a scheme to make Indian women self-reliant. In which money will grow faster by investing. The name of this scheme is Aadhaar Shila. Women in the age group of 8 to 55 years can invest in this scheme. Investors can start investing in this scheme with as little as Rs 4 lakh per day, at the time of maturity.
Security coverage also in Aadhar Shila Scheme
Apart from the assured return on your investment, LIC is also providing protection coverage in this scheme. For example, if the investor dies before maturity, the insurance company provides financial assistance to the family. In LIC Aadhar Shila Scheme, the minimum sum assured is Rs 75,000 while the maximum is Rs 3,00,000.
You can invest for a maximum of 20 years
A female investor can invest in this scheme for a minimum tenure of 10 years to a maximum tenure of 20 years. Investors will need an Aadhar card to open an account in LIC Aadhar Shila Scheme, which is a guaranteed return endowment plan. Interested people can start investing in the plan by contacting the LIC agent or visiting the nearest branch.
How to get Rs 4 lakh on maturity?
To increase their investment to around Rs 4 lakh, women investors need to start investing Rs 10,959 per annum with 4.5% tax for 20 straight years. On per day basis you have to invest Rs 29. That is, women should save Rs 29 daily and invest in this scheme.
In the next 20 years, you will pay Rs 2,14,696 to LIC. However, on maturity, LIC will return you Rs 4 lakh of your investment. Investors can choose to pay their premiums on a monthly, quarterly or half-yearly basis.
