LIC Scheme with Guaranteed Returns for Women- aadhar shila scheme 2023

Guaranteed Returns and Safety: Investing in LIC schemes ensures guaranteed returns without market risks, making it a preferred choice for many.

Today, we’re introducing a unique LIC plan exclusively designed for women – the LIC Aadhar Shila scheme Plan, promising strong long-term returns.



LIC Aadhar Shila Scheme details 


The LIC Aadhar Shila Scheme is a non-linked, individual life insurance plan tailored for women. Upon policy maturity, investors receive a fixed sum.

In the unfortunate event of the policyholder’s demise before the policy completion, their family receives financial support  What’s remarkable is that only individuals in good health (without the need for a medical examination) can participate in this plan.

LIC Aadhar Shila Scheme
LIC Aadhar Shila Scheme


Insurance Coverage and Eligibility


Under the Aadhar Shila policy, the basic sum assured ranges from a minimum of Rs 75,000 to a maximum of Rs 3,00,000.

The policy matures at a maximum age of 70, ensuring the policyholder is no older than 70 at that time.

Upon maturity, a lump sum amount is provided, with flexible premium payment options available – monthly, quarterly, half-yearly, and yearly.


Benefits Offered by LIC Aadhaar Shila Plan


The following are the key benefits of the LIC Aadhaar Shila Plan by the Life Insurance Corporation of India:

  1. Maturity Benefit

    If the life assured survives the entire tenure of the policy, then after the completion of the policy tenure, the maturity benefit is offered as the basic sum assured and loyalty additions, if any. The maximum tenure of the policy is 20 years, and upon maturity, the policyholder can reinvest the lump sum amount in a new policy.

  2. Death Benefit

    In the event of the unfortunate demise of the life assured, the death benefit is payable to the nominee of the policy. In case of demise of the life assured during the first five policy years, then the sum assured amount on death is payable to the nominee of the policy.

    If the life assured dies after completion of the 5 policy years but before the maturity date, then the sum assured amount and the loyalty addition, if any, is paid to the policy’s beneficiary.

    The death benefit payable is defined as:

    • 7 times the annualized premium

    • 110% of the basic sum assured amount.

  3. Loyalty Additions

    The Corporation tracks the first five years of premium payments and entitles a policyholder to Loyalty Additions. It is also awarded to policyholders who are old or loyal customers of LIC of India.

  4. Surrender Benefit

    The policyholder can surrender the policy after the completion of two consecutive policy years. On surrender of the policy, the guaranteed surrender value payable during the policy tenure should equal the total premium paid (excluding taxes, extra premiums, and rider premium, if any) multiplied by the guaranteed surrender value factor applicable to the total paid premium under the plan.

  5. Policy Loan

    Loan benefit is available after the policy achieves surrender value, and the loan amount that can be availed is up to a maximum of 90% of surrender value in-force policies and 80% of surrender value in paid-up policies.

  6. Tax Benefits 

    The benefits enjoyed under this policy are subject to income tax rebates as per prevailing laws.


Who Can Invest?


This plan is designed for women with Aadhaar Cards issued by UIDAI, aged between 8 to 55. It’s open to individuals in good health, without the need for medical examinations.


2023-10-13 (4)




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