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In LIC Aadhaar Shila Policy, you can invest Rs 28 per day, 3 lakh 97 thousand


LIC’s Aadhaar Shila Plan: Life Insurance Corporation ie LIC is considered the most trusted insurance company in the country. Millions of people secure their future by investing in this company’s policy. LIC’s trust in people is because it is a government-run company. LIC offers different policies to customers. LIC provides policies like endowment, term, life health etc.

Today we are telling you about one such policy of LIC, in which you can get Rs 3 lakh 97 thousand 500 by investing Rs 28 daily. The name of this policy is Aadhaar Shila and it is designed for women. It is a guaranteed return endowment policy and those who have an Aadhaar card given by the Unique Identification Authority of India can invest in this policy.

The specialty of this policy is that death benefit is also given to the policyholder’s family. In the event of death of the policyholder in the first 5 years of the commencement of the policy, the family gets this benefit. At the same time, on the death of five years, the nominee is also paid loyalty additions (if anything). Individuals between 8 and 55 years can invest in this policy. The minimum sum assured in this policy can be up to Rs 75,000 and a maximum of Rs 3,00,000. Let us know how to invest Rs 28, can get 3 lakh 97 thousand 500 rupees: –

Age: 16
Term: 20
Sum Assured: 300000
DAB: 10,00000
Death Sum Assured: 330000
Basic Sum Assured: 300000

First Year Premium with 4.5% Tax –

Annual: 10617 (10160 + 457)
Half Yearly: 5366 (5135 + 231)
Quarterly: 2712 (2595 + 117)
Monthly: 904 (865 + 39)
YLY Mode Average Premium / Daily: 29

After deducting the first year premium with reduced tax –

Annual: 10389 (10160 + 229)
Half Yearly: 5251 (5135 + 116)
Quarterly: 2653 (2595 + 58)
Monthly: 884 (865 + 19)
YLY Mode Average Premium / Daily: 28

Total Estimated Premium Payable: 208008 Rupees

Bonus: 247000
Estimated Return on Maturity:
SA: 300000
LA: 97500

Total Estimated Return at Maturity: 397500

According to the above example, if a parent chooses a 20-year term plan and 300000 sum assured option for their 16-year-old girl, then they have to pay Rs 154 daily for 20 years. In this way, he will have to pay a total of Rs 20,8008. This amount will be Rs 3,97,500 on maturity. Apart from this, the policyholder will also get a guarantee of 330000 death sum assured during this policy.


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