LIC Aadhaar Shila 944
Maturity Calculator
LIC Aadhaar Shila 944 Maturity Calculator is a user-friendly online tool designed to help policyholders estimate the maturity benefits and premium values associated with their insurance policies. By simply entering key details such as the sum assured, age, and policy term, users can quickly calculate the expected maturity amount.
LIC Aadhaar Shila Plan Summery
LIC’s Aadhaar Shila Plan - Eligibility
- Min. Policy Term:Â 10 years.
- Max. Policy Term:Â 20 years.
- Premium Paying Term:Â 10 Years to 20 Years.
- Min. Basic Sum Assured:Â Rs. 2,00,000/-
- Max. Basic Sum Assured:Â Rs. 5,00,000/-
- Min. Entry Age:Â 8 years.
- Max. Entry Age:Â 55 years.
- Maximum Age at Maturity:Â 70 years.
- Premium Payment Options:Â Yearly, Half-yearly, Quarterly & Monthly.
- Accidental Death & Disability Benefit Rider: Available on payment of extra premium.
LIC’s Aadhaar Shila Plan - Benefits
- On Death: Sum Assured + Loyalty Addition if any, where sum assured on death:
     110% of Basic Sum Assured or 7 times of Annualized Premium, whichever is higher.
     Loyalty Addition if any shall be paid only if he died after completion of 5th Year.
- On Survival: Sum Assured + Loyalty Addition if any.
- Surrendered Value: The Policy can be surrendered after completion of minimum of two full years of premiums been paid.
- Loan: Loan Facility is available only after payment of premiums for at least two years.
- Income Tax Benefit: Premium paid under this plan is eligible for TAX rebate under section 80c. and maturity benefits is free under Sec 10(10D).