New Delhi: In its continued commitment to inclusive financial planning, the Life Insurance Corporation of India (LIC) has running a scheme, the LIC Aadhaar Shila Yojana, tailored specifically to empower female customers. Notably, LIC has garnered widespread trust for its low-risk, consumer-centric policies, and the latest offering further solidifies its dedication to catering to diverse financial needs.
LIC Aadhaar Shila Yojana: Return Calculator
The scheme's structure is exemplified by a comprehensive illustration: for instance, if a 30-year-old individual deposits a modest sum of Rs 29 daily for 20 years, the total contribution at the end of the first year would amount to Rs 10,959, subject to a 4.5 percent interest rate. (Also Read: THIS Post Office Scheme Guarantees A Monthly Income Of Rs 9,000 - Here's How)
Subsequently, the following year's payment would stand at Rs 10,723. This strategic financial planning holds the potential to yield substantial returns, enabling participants to accumulate up to Rs 4 lakh by saving a modest sum of Rs 29 daily. (Also Read: BoB Launches Lifetime Zero Balance Savings Account: Check Features, Benefits, And More)
LIC Aadhaar Shila Scheme: Investment Amount
Under the LIC Aadhaar Shila Scheme, investors can make an initial investment ranging from Rs 75,000 to Rs 3 lakh, with the policy offering a minimum maturity period of 10 years and a maximum maturity period of 20 years.
LIC Aadhaar Shila Plan: Payment Duration
Additionally, the scheme accommodates a maximum maturity age of 70 years, ensuring extended financial security for participants. The premium payments can be conveniently managed on a monthly, quarterly, half-yearly, or annual basis, enhancing accessibility and convenience for investors.
LIC Aadhaar Shila Scheme: Women Investors
With its explicit focus on addressing the financial well-being of women, the LIC Aadhaar Shila Yojana aims to empower female investors between the ages of 8 and 55, fostering a supportive and inclusive financial ecosystem.
