LIC Introduces Aadhaar Shila Scheme for Women Investors
The Life Insurance Corporation of India (LIC) has launched a new scheme called Aadhaar Shila, designed especially for women investors. This non-linked, individual life insurance scheme offers financial security to the policyholder’s family after their demise. The maturity period of the scheme ranges from 10 to 20 years, and any woman can invest up to Rs. 3 lakh.
Investors ranging from 8 to 55 years of age can invest in this scheme by paying only Rs. 87 per day. The investors have the facility to pay the installments on a monthly, quarterly, or annual basis. To illustrate, if a 15-year-old female investor deposits Rs. 87 per day for a year, they can accumulate Rs. 31,755. Investing for 10 years will provide a lump sum of Rs. 3,17,550. At the time of maturity, investors will receive an amount of approximately Rs. 11 lakh.
With the Aadhaar Shila scheme, women investors can secure their future and get better returns on their investments. The scheme is an excellent option for those looking to build a fund of lakhs with a minimal investment.
In conclusion, LIC’s Aadhaar Shila scheme offers women investors financial security and better returns. The scheme is easy to invest in and has a flexible payment option. Investors can choose to pay on a monthly, quarterly, or annual basis. Women of all ages can invest up to Rs. 3 lakh and secure their future with the Aadhaar Shila scheme.
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