LIC Aadhaar Shila: Women can take insurance for Rs 250, get coverage up to Rs 3 lakh, know full details here - Newztezz Online

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Thursday, December 17, 2020

LIC Aadhaar Shila: Women can take insurance for Rs 250, get coverage up to Rs 3 lakh, know full details here


Policies are available for different classes from Life Insurance Corporation of India. 
The Aadhaar Shila scheme is good for women. It can be insured for only Rs 250. The minimum insurance cover is Rs 75000 and the maximum insurance cover is Rs 3 lakh. This policy can be taken from 10 years to 20 years. This is a Guaranteed Return Endowment Scheme. It has the benefit of bonus facility. So somehow invest in a policy and find out what the benefits will be.

Benefits of the policy

The benefit of auto cover is available except for discount on premium when taking Aadhaar Shila insurance plan. This plan can be taken by women without any medical treatment. It also offers tax exemption on premiums. The good news is, if you want to pay back after taking out an insurance policy, you can take advantage of a 15-day free look period. This insurance can be canceled within 15 days.

Who can take this plan

The LIC Aadhaar Shila policy is for women only. It can be taken by women between the ages of 8 and 55. It involves paying a regular premium. If the investor dies during the policy, the family is given financial help. Aadhaar card is required to avail this plan.

How much will be the premium

If a woman takes this policy at the age of 31 and the term is 20 years, she will have to pay an annual premium of Rs 10,959 with 4.5 per cent tax. This will be Rs 10,723 after first year premium with 2.25 per cent. So you have to save Rs 29 per day. A total of Rs 214696 will have to be deposited. When you get Rs 3.97 lakh on maturity. You can deposit its premium monthly, quarterly or semi-monthly. You can choose your choice. There is also an additional period of 15 to 30 days for payment of SIC premium. If you want to cancel the policy you can cancel within 15 days of taking the plan.

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