LIC has now come up with a new investment policy, and this one is especially for women. All they need to do is invest Rs. 29 everyday.
Life Insurance Corporation has many investment policies to its name that have promised significant returns till date.
Read on to find out what this new scheme by LIC offers!
LIC’s New Women-Centric Investment Scheme: Invest Only Rs. 29 Per Day
The new scheme by LIC is a woman oriented scheme and it claims that it will help Indian women become self-dependent. LIC has also assured security on the invested money.
This scheme has been named “Aadhar Shila.”
This scheme is exclusively for women between the ages of 8 and 55. The investor needs to invest only Rs. 29 every day, and get back returns of Rs. 4 lakh at the time of maturity.
As per reports, “Aadhar Shila scheme is a guaranteed return endowment plan. Apart from assured returns on the investment plan, LIC is also offering protection coverage for the invested amount.”
Reports have revealed that the Aadhar Shila Scheme is a guaranteed return endowment plan. Along with the assured returns on the investment plan, LIC is also offering protection coverage for the invested amount.
This means that on the death of the investor before the maturity period, LIC will provide financial assistance to the kin of the deceased. LIC’s Aadhar Shila scheme has assured a minimum amount of Rs. 75,000 and a maximum amount of Rs. 3,00,000 in such cases.
Aadhar Shila Scheme: All You Need To Know
For those women who are interested, you can invest in the scheme for a minimum term of 10 years and a maximum term of 20 years.
The investors will require Aadhaar card to open an account in the LIC Aadhar Shila scheme. For this, you can visit a nearby branch or you can also contact an LIC agent to open an account and start making the investment.
The women investors need to invest Rs. 10,959 annually, along with a per cent tax for 20 years. If it is reduced to a daily basis, the investment amount will be Rs. 29 per day.
In total, investors will need to pay Rs. 2,14,696 to LIC in 20 years. When matured, LIC will return Rs. 4 lakh for the investment. Additionally, investors will have the choice to pay their premiums on a monthly, quarterly or a half year basis.
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