Financial independence comes through saving money, which proves beneficial during times of need. Money-saving is equally crucial for women, and if you’re searching for a plan with minimal investment and excellent returns, LIC’s Aadhar Shila Scheme could be the solution.
About the Scheme
This scheme, introduced by the Life Insurance Corporation of India, is specifically designed for women. It is an Endowment Policy that provides both life protection and savings benefits. In times of your absence, it ensures financial security for your family. The policy is open for investment by any woman aged between 8 to 55 years, with a term ranging from 10 to 20 years. The maximum maturity age is 70 years.
Additional Benefits
- The sum assured under the scheme is a minimum of ₹75,000.
- Loyalty addition benefits are available during the policy term.
- Surrendering the policy is an option after two years of investment.
- Loan facilities are available in case of emergencies.
- Flexible premium payment options – monthly, annually, semi-annually, or quarterly.
Calculation Example
For instance, if a woman aged 20 opts for a 20-year policy, saving ₹58 daily, she can accumulate a fund of up to ₹8 lakhs.
Investing in LIC’s Aadhar Shila Scheme not only empowers women financially but also offers a secure path for savings and returns.