LIC Aadhaar Shila: Investing is more important than earning. There are many people in the world who earn a lot but still their bank balance is very less. To add money, it is best to invest in a good scheme. Many schemes are run by the government for investment.
There is no danger of money sinking in this. At the same time, by investing just a few rupees every month, you can build up a substantial bank balance till maturity. Today we are going to tell you about one such scheme. In which you can make good savings by depositing small amounts. This scheme is of LIC.
LIC keeps taking out policies for people of different ages ranging from women. LIC schemes are a popular option for Indians to save money after savings linked schemes provided by banks and post offices. People prefer to invest in LIC’s schemes. Let us tell you about this plan.
Know which is the scheme
Life Insurance Corporation of India (LIC) has schemes for every section of the society. This is the reason why it is the market leader in the insurance sector. LIC Aadhaar Shila Policy is a good plan for low and middle income group. Its minimum amount is Rs 75000 and maximum Rs 3 lakh. You can set aside a modest amount per day to invest in LIC Aadhaar Shila. This is a long term investment like most LIC policies.
It also gives death cover to the individual. If a person invests Rs 58 every day, he will get lakhs of rupees at the time of maturity. The Sum Assured on Death is seven times the Annualized Premium and 110% of the Basic Sum Assured. The minimum age for entry into this scheme is 8 years and the maximum is 55 years. The term of the policy is 10 to 20 years.
In this way you will get 8 lakh rupees on maturity
This scheme is exclusively for women. The minimum plan term is between 10 to 20 years. The maximum age for maturity is 70 years. There is also a loyalty addition feature. The premium has to be paid in monthly, quarterly, half-yearly and yearly mode. If you are 20 years old and invest at the rate of Rs 58 every day, you will invest Rs 21918 annually. After 20 years your invested amount will be Rs 429392. At the time of maturity you will get Rs 794000.
