LIC plan for women: Life Insurance Corporation of India (LIC) offers a wide varieties of insurance options to people of different ages, gender and status. LIC schemes are also considered one of the popular option to save money because they offer risk-free investment with a fixed amount of return on maturity.
LIC Aadhaar Shila plan is a non-linked, individual life insurance plan specially designed for women and girl child. If you invest Rs 29 per day, you can get an amount of Rs 4 lakh under this program.
Maturity period from 10 to 20 years
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The minimum principal amount promised under this insurance is Rs.75,000 per life, the maximum principal amount under LIC Aadhaar Shila plan is Rs.3 lakhs. It states that LIC Aadhaar Shila policy can be bought for a maximum amount of Rs 3 lakh.
The maturity period of this policy can be from 10 to 20 years. Monthly, quarterly, half-yearly or annual premiums are available.
Earn up to 8 lakhs with Rs 58 investment
If you save Rs 58 per day, you can put Rs 21,918 in LIC Aadhaar Shila plan in a year.
You have been doing this for 20 years and started planning at the age of 30. Thus, you will invest Rs 4,29,392 over the course of 20 years, getting a return of Rs 7,94,000 on maturity.
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Option for women aged 8 to 55
The scheme is open to all women in the age group of 8 to 55 years. According to LIC’s website, this plan is offered only to those who lead a normal, healthy lifestyle and have never reported any medical problems.
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