LIC Aadhar Shila plan, This scheme of LIC can make women having Aadhar card rich


There is also a special scheme of LIC for women. There is a condition for investing in this scheme by women that they should have Aadhar card. Women between the age of 8 years to 55 years are included in this scheme.

LIC Aadhar Shila plan, This scheme of LIC can make women having Aadhar card rich

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One of the popular policies of the country’s largest government insurance company LIC is the Jeevan Lakshya policy of LIC. There are many benefits of this policy of a government insurance company. This policy is special for those people who want to make a big corpus by depositing a small amount. So let’s know its benefits and how will get 27 lakh rupees

Life Insurance Corporation of India i.e. LIC offers insurance cover through various schemes as well as an opportunity to make money in the long term. Everyone can choose these schemes according to their convenience and need. LIC also has a special scheme to make women self-reliant. The name of this scheme of LIC is ‘Aadhaar Shila Plan‘, in which women between the age of 8 years to 55 years can invest.

Both security and savings facility is available in LIC Aadhar Shila plan. Only those women can take advantage of this scheme, who have Aadhar card. Financial assistance is also available to the family of the policyholder on the death of the policyholder before the maturity of the Aadhar Shila plan. Whereas, if the policyholder survives till maturity then they get a lump sum payment.

What is the Sum Assured and Premium Payment Rules?

Under LIC Aadhar Shila plan, the minimum amount of Basic Sum Assured is Rs 75,000 and maximum is Rs 3 lakh. The policy term is minimum 10 years and maximum 20 years. The maximum age of maturity in this plan is 70 years. This plan is for women who are generally healthy and do not need to undergo any medical tests.


The premiums for this plan can be paid monthly, quarterly, half yearly or annually. Under this plan specially designed for women, tax exemption facility is available on premium, maturity claim and death claim.

Key Features of LIC Aadhaar Sheela Plan?

It is a non-linked participatory endowment plan designed to increase savings and financial security in case of emergency. In this, a lump sum amount is available at the end of the policy term. If the policyholder dies before the end of the policy term, then his family gets the coverage.

Apart from this, if the policyholder dies after 5 years of taking the policy, then the facility of loyalty addition on maturity is also available. Accident Benefit Rider is also available for the subscribers of this plan. However, it does not include any rider for critical illness.

What is this loyalty addition?

If five years of taking the policy have been completed and till now all premiums have been paid on time and after the death of the policyholder, then the nominee gets loyalty additions. If the insured woman surrenders the policy after completing the term of 5 years, then she can get loyalty bonus. One condition for this is that the woman has to pay all the premiums on time.

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death benefit amount

  • In case the woman dies before the completion of the policy term, the lump sum amount received by the nominee will be 10 times the annual premium or 105% of all premiums or Absolute Sum Assured.
  • If the policyholder dies after 5 years of taking the policy, then the nominee gets a death benefit equal to the sum assured. In such a situation, the death benefit claim amount will be equal to 110% of the Basic Sum Assured.
  • If the policyholder dies after 5 years of taking the policy but before maturity, the nominee will get Basic Sum Assured and Loyalty Addition.
  • If the policyholder survives till the completion of the policy term then there will be equal to Basic Sum Assured plus Loyalty Additions as Maturity Benefit. It should also be noted that the policyholder will be entitled to get the maturity amount only if he has paid all the premiums during the policy term.