LIC’s Aadhaar Shila is a plan designed for women having aadhaar card. It offers financial protection to the family of the insured individual should the individual pass away before the policy's maturity. A lump sum amount is paid out on maturity to the surviving policyholder.
The features of the plan are as under:
- In case of the demise of the policyholder during the first five years, the sum assured on death becomes payable. In the event of death after the first five policy years and before maturity, the sum assured on death and loyalty additions (if any) becomes payable.
- When the insured individual survives till the end of the policy term, sum assured on maturity and loyalty additions (if any) become payable.
- The minimum age at entry is 8 years, while the maximum age at entry is 55 years.
- The minimum policy term is 10 and the maximum is 20 years.
To know more about LIC’s Aadhaar Shila plan, write to support@oneinsure.com or give a ring at 86559 86559.