LIC's Aadhaar Shila Plan (TABLE NO 844)

LIC ADHAAR SHILA PLAN is a newly launched plan of LIC which is specially designed for Female Lives having  aadhaar card issued by UIDAI.This plan gives protection to the family in case of unfortunate death of policyholder.

 

WHY CHOOSE THIS PLAN :

•   Only Female can Buy this plan
•   Low Premium 
•   Auto Cover Facility
•   Paid premiums are exempted from pay assess under 80C
•   Maturity sum is tax exempt under 10 (10D).

 

BENEFITS OF PLAN :

ON DEATH : On death during first five years : sum assured on death , shall be payable .AFTER COMPLETION OF FIVE POLICY YEAR but before the date of maturity ,SUM ASSURED OR 10 TIMES OF ANNUALISED PREMIUM , whichever is higher will be paid . But death benefit shall not be less than 105% of all the premiums paid as on date of death.

ON MATURITY : On survival to the end of policy term basic sum assured along with loyalty addition will be paid.

 

PLAN PARAMETERS

Gender

Female Only

Age at Entry

8 Years (Completed)

Maximum Age at Entry

55 (Nearest Birthday)
 

Minimum Term

10 Years

Maximum Term

20 Years

Maximum Age at Maturity

70 Years (Nearest Birthday)

Sum Assured

Minimum 75,000 and Maximum 3,00,000

Premium Paying Mode

Yearly, Half Yearly, Quarterly & Monthly (SSS and NACH Only)

Premium Payment Mode rebate

2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly

 

 

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