One of the best plans of Life Insurance Corporation of India ie LIC is to make women self-reliant. Whose name is Aadharshila Plan. The benefit of this plan is available to those women who have Aadhar card.
LIC Poilcy: The Aadhar Shila Plan of Life Insurance of India is a scheme to make women self-reliant. Only women having Aadhaar can take advantage of it. Let us know about other benefits including death benefit, maturity benefit to premium, bonus and tax exemption.
Up to what age women can take benefits
>> Women from 18 years to 55 years can take advantage of this scheme.
>> Lic Aadhaar Shila Plan Benefits
>> LIC Aadhar Shila plan offers both security as well as savings.
>> Only women can get the benefit of this scheme.
>> Only women having Aadhaar will be able to take advantage of this scheme.
>> Under the Aadhar Shila plan, if the policyholder woman dies before the maturity of the policy, then she is given its financial benefit.
>> At the same time, if the policyholder woman survives till maturity, then she is given a lump sum amount. In which sum assured, interest and bonus etc. are given by adding.
What is the premium payment and maturity rules
>> You can pay the premium of this policy monthly, quarterly, half yearly or even annually.
>> For example, the basic sum assured minimum is Rs 75,000 and maximum is up to Rs 3 lakh.
>> The minimum policy term can be of 10 years and maximum of 20 years.
>> The maximum year of maturity is 70 years.
>> In this plan, women taking those policies do not need to undergo medical checkup whose health is fine.
>> In this policy, women are given tax exemption on premium, maturity claim as well as death claim.
If the policyholder dies within 5 years of taking the policy
If the policyholder dies within 5 years of taking the policy, then the facility of loyalty addition on maturity is given.
If the policy is surrendered after the completion of 5 years
Loyalty bonus is given if the female policyholder wants to surrender her policy after completing 5 years.
Death benefit if death before 5 years
If the policyholder dies before the completion of the policy term, the nominee is paid 10 times the annual premium or 105% of all premiums.
Death benefit after 5 years
After 5 years of taking the policy, if the policyholder dies due to any reason, the death benefit equal to the sum assured is given to the nominee. This amount is equal to 110% of the Basic Sum Assured.
Maturity benefit
If the policyholder survives till maturity, equal to the Basic Sum Assured plus loyalty additions is paid. But, on one condition that all premiums are paid.
