Investing for the future is always a good idea. Generally Indian people prefer to invest in safe schemes.
LIC Aadhaar Sheela, an individual life insurance plan with a special focus on women and girls in LIC policies, is seen as a boon.
If you invest Rs.29 every day in this scheme, you can get Rs.4 lakh under this scheme. This plan combines security and savings. In case of an unfortunate event including death of the policyholder before maturity, the policyholder’s family will be funded.
In addition, this scheme also has loan facility. Maximum basic sum assured under LIC Aadhaar Sheela scheme is Rs. 3 lakhs and the minimum basic sum assured under this policy is Rs.75,000.
The maximum amount one can invest in LIC Aadhaar Sheela policy is Rs. This means that 3 lakhs. The maturity period of this policy can range from ten to twenty years.
The premium can be paid every month, every quarter, every half year or every year. In this scheme you have to invest Rs.1000 per month at the rate of Rs.29 per day. That means you will pay approximately Rs.10,959 per year.
Let’s say you have a 20-year investment in that way. You will invest Rs.2 lakh 14 thousand 696 for 20 years. When this amount matures you will get Rs.3 lakh 97 thousand.
All women between 8 years to 55 years can invest in this scheme.
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