E-mail : - expert@onlinelicpolicy.in
Call Us :- +91-7011815412

Aadhaar Shila Plan (TABLE NO. 844)

LIC's Aadhaar Shila plan is a non-linked,with profits, regular premium paying Endowment Plan. Offering a combination of protection and savings. This plan is exclusively designed for female lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India).This plan shall only be available for standred healthy lives without any medical examination.

Eligibility Criteria
Gender Female Only
Minimum Age at Entry 8 Years (Completed)
Minimum Age at Entry 8 Years (Completed)
Maximum Age at Entry 55 Years(Nearest Birthday)
Maximum Maturity Age 70 Years(Nearest Birthday)
Policy Term 10 Years to 20 Years
Minimum Sum Assured 75000/-
Maximum Sum Assured 300000/-
Policy Mode Yearly, Half-Yearly, Quaterly, Monthly (NACH only)
Rebate Of Mode Of Premium Yearly-2%
Quaterly & Monthly-Nil
High Sum Assured Rebate 75,000 to 1,90,000 - Nil
2,00,000 to 2,90,000 - 2% on B.S.A.
3,00,000 - 3% on B.S.A
Loan After payment of premiums for at least 3 full years
Surrender Allowed after 3 year
Revival Within 2 Years of lapse

Death benefit:

On death of the Life Insured during first five years: “Sum Assured on Death” shall be payable.

On death of the Life Insured after completion of five policy years but before the date of maturity: “Sum Assured on Death” and Loyalty Addition, if any, shall be payable.

Where “Sum Assured on Death” is defined as the highest of 10 times of annualised premium; or Sum Assured on Maturity as defined in 1. b) below; or Absolute amount assured to be paid on death, i.e. 110% of Basic Sum Assured.

The death benefit shall not be less than 105% of all the premiums paid as on date of death.

Maturity Benefit:

If the Life Assured survives till the end of the policy term, “Sum Assured on Maturity” along with Loyalty Addition, if any will be payable to the Life Assured.

Comments (Ask An Experts)

Call Now