LIC Aadhar Shila Yojana was Started By life insurance corporation. This plan is anon-linked party knack plan through which it's designed to increase savings and fiscal security in case of an exigency. Under this plan, the policyholder will have to pay the decoration in yearly, daily, partial-monthly, or monthly terms. After the policy expires, the policyholder receives a lump sum. All women whose age is between 8 and 55 years can benefit from this diet. Piecemeal from this, it's obligatory to have a valid Aadhar card to get the benefit of this scheme.
Different types of insurance plans are handled by the Life Insurance Corporation of India. Through which advantages categorizing from life insurance to health insurance are handed to the citizens. Lately, LIC Aadhar Shila Yojana has been launched by the Life Insurance Corporation of India. Security and savings will be handed to the guests through this scheme.
Scheme Name | LIC Aadhar Shila Yojana |
Who started | Life Insurance Corporation of India |
beneficiary | country women |
Objective | To provide financial security. |
Official Website | Click Here |
year | 2021 |
Application Type | Online/Offline |
age |
Minimum tenure 10 years |
Step 1 Please Go to home page of LIC Authorize website By Click this
Step 2 After loading the Home page tap on Adhar Shil Yojana.
Step 3 Now read all info and fulfill form carefully.
Step 4 Finally, tap on the button of submitting.
All these women whose ages are between 8 and 55 years agree on the operation of this system.
Only females can get the advantage of this scheme.
The lowest term of the policy is 10 years and the max term is 20 years.
To get the benefit of this scheme, the aspirant doesn't need to suffer any kind of medical scan. The age of the insured must not exceed 70 times at maturity.
Duty Benefits – The decoration paid under this scheme is pure from duty under section 80C of the Income Tax Act. Section 10 (10D) majority quantum is likewise duty-free. Piecemeal from this, no duty will be applicable on death claims also.
Free Look Period – If the policyholder wants to cancel the policy after copping the policy, also the policy can be canceled within 15 days. After the cancellation of the policy, the decoration, if any, deposited by the policyholder is also returned.
Grace Period – The decoration grace period is 30 days in case of periodic, partial-monthly, and daily decoration payment modes. The grace period is 15 days in the case of yearly decoration payment mode.
Loan – Loan can also be taken against this policy after paying the decoration continuously 3 times.
Surrender Value – If you surrender this policy before paying the decoration 3 times, also no rendition value will be paid to you.
Death Benefit – If the policyholder dies within a period of 5 years from the date of purchase of the policy, the death benefit will be handed to the family of the policyholder. In case the policyholder dies before maturity, the death benefit will be handed to the designee. The sum insured in the event of death will be 10 times the annualized premium or 110 of the base sum insured. However, also fidelity addition will also be handed to him If the policyholder dies after 5 years of buying the policy.
The main ambition of Aadhar Shila Yojana is to give profitable security and savings openings to the ladies of the country. This plan is an anon-linked party enjoyment plan through which it has been designed to increase savings and fiscal security in case of exigency. This plan provides fiscal security to the policyholders. Piecemeal from this, the policyholder can also get a loan if demanded through LIC Aadhar Shila Yojana.
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