New Delhi: Life Insurance Corporation of India (LIC) offers several investment plans for Indians offering impressive returns and protection on the money invested. With the aim of making Indian women self-reliant and self-reliant, LIC is giving an opportunity to increase money in one such scheme. Women in the age group of 8 to 55 years can invest in a scheme called Aadhar Shila. Investors can start investing in this scheme with as little amount as per day, getting around Rs 4 lakh at the time of maturity.
Apart from the assured return on your investment, LIC is also providing protection coverage in the plan. For example, if the investor dies before maturity, the state-owned insurance company provides financial assistance to the family. In LIC Aadhar Shila plan, the minimum sum assured is Rs 75,000 while the maximum is Rs 3,00,000.
Women investors can invest in this scheme for a minimum tenure of 10 years to a maximum tenure of 20 years. Investors will need an Aadhar card to open an account in LIC Aadhar Shila Yojana, which is a guaranteed return endowment plan. Interested people can start investing in the scheme by contacting the LIC agent or visiting the nearest branch.
How to get Rs 4 lakh on maturity?
To increase their investment to around Rs 4 lakh, women investors need to start investing Rs 10,959 per annum with 4.5% tax for 20 straight years. On a daily basis, your savings will be around Rs 29 per day. Read also: Gold price today, July 11, 2021: Gold cheaper by Rs 8300 from record high, right time to buy?
In the next 20 years, you will pay Rs 2,14,696 to LIC. However, on maturity, LIC will return you Rs 4 lakh of your investment. Investors can choose to pay their premiums on a monthly, quarterly or half-yearly basis. Read also: India poised for double digit growth, disinvestment environment looking good: Niti VC
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