LIC Aadhaar Shila plan (Table 844) with profit is a non-linked regular premium paying endowment assurance plan based on loyalty addition. This Policy exclusively designed for Female lives having Aadhaar Card (UIDAI). This plan will be available to standard healthy lives without any medical test requirement.
|Age at Entry||8 Years (Completed)|
|Maximum Age at Entry||55 (Nearest Birthday)
Calculate your Age
|Minimum Term||10 Years|
|Maximum Term||20 Years|
|Maximum Age at Maturity||70 Years (Nearest Birthday)|
|Sum Assured||Minimum 75,000 and Maximum 3,00,000|
|Premium Paying Mode||Yearly, Half Yearly, Quarterly & Monthly (SSS and NACH Only)|
|Premium Payment Mode rebate||2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly|
Please Note: It understandable that Loyalty Addition is applicable after successful completion of 5 Policy years.
Policy holders above 18 years of age have option to opt for Accidental Benefit Rider with this plan, which will provide additional amount equal to basic sum assured in case of death caused due to accident.
With the help of following policy details, Maturity and Risk cover details have been explained below.
|Sum Assured (Rs.)||3,00,000|
|Yearly Premium (Rs.) (Without ST)||10,472|
So, as per above example, policy holder needs to pay the premium of Rs. 10,472 per year for 20 years and maturity will happen after completion of 20 years. The details of year-wise policy progress and maturity is exaplained below.
If Policy holder completes 20 years and pays all premium successfully, then Maturity will be as under.
|Maturity Year||Age at Maturity||Total Premium Paid||Maturity Amount (Approx.)|
|2037||50||2,08,860||3,00,000 + Loyalty Addition|
Death Claim Details
Following table provides policy year-wise and age-wise total premium paid and death claim details. The death claim in first five year will be 110% of Basic Sum Assured and after completion of 5 years, death claim amount will be 110% of Sum Assured + Loyalty Addition (LA). In case of accidental death, additional amount equal to Sum Assured is also included in death claim amount.
How to Understand Following Table
Suppose if, unfortunate death of policy holder happens in year 2023 (at age 34), then by that time total premium paid will be Rs. 94,248 and nominee will get death claim as 3,30,000 + Loyalty Addition in case of normal death or Rs. 6,30,000 + Loyalty Addition as accidental death claim in case of death due to accident and policy will stop.
|Year||Age||Total Paid Premium||Normal Life Cover (Approx.)||Accidental Life Cover (Approx.)||Return|
|2022||33||62832||330000 + LA||630000 + LA||--|
|2023||34||73304||330000 + LA||630000 + LA||--|
|2024||35||83776||330000 + LA||630000 + LA||--|
|2025||36||94248||330000 + LA||630000 + LA||--|
|2026||37||104720||330000 + LA||630000 + LA||--|
|2027||38||115192||330000 + LA||630000 + LA||--|
|2028||39||125664||330000 + LA||630000 + LA||--|
|2029||40||136136||330000 + LA||630000 + LA||--|
|2030||41||146608||330000 + LA||630000 + LA||-|
|2031||42||157080||330000 + LA||630000 + LA||--|
|2032||43||167552||330000 + LA||630000 + LA||--|
|2033||44||178024||330000 + LA||630000 + LA||--|
|2034||45||188496||330000 + LA||630000 + LA||--|
|2035||46||198968||330000 + LA||630000 + LA||--|
|2036||47||209440||330000 + LA||630000 + LA||--|
|2037||48||Maturity||300000 + LA|
Above example has been prepared for illustration purpose only, for more details, please refer to LIC Website and in case of any query please write your comment below.
Wrote : 27-04-2017 15:07:52
I am 55yrs and 11 months old. Is there LIC policies suitable for me? Am I eligible for the new one - Aadhaar Stambh plan?
Replied : 27-04-2017 16:18:01
Maximum age of entry in this plan is 55 year (nearest birthday), In your case, 55 year and 11 months will be considered as 56 years.
Wrote : 26-04-2017 17:15:16
Sir, Please highlight about calculation of Loyalty Addition . Please rectify the figure shown in the column "Maturity Amount (Approx.)" in the "MATURITY DETAILS" para as "3,00,00 + Loyalty Addition" . It should be "3,00,000 + Loyalty Addition".
Replied : 27-04-2017 15:51:41
Thanks for your support, typing error has been corrected.
Wrote : 24-04-2017 14:57:31
MY WIFE ' s AGE is 46, WHAT IS PREMIUM AMOUNT DETAILS FOR 2 LAKH SUM ASSURED ? & ALSO WHAT IS PREMIUM AMOUNT DETAILS FOR 3 LAKH SUM ASSURED ?
Replied : 24-04-2017 15:16:42
Please use premium calculator of this plan. Click Here to go to premium calculator of this plan.
Wrote : 27-04-2017 12:59:47
Hi. For more details do contact me on firstname.lastname@example.org
Wrote : 24-04-2017 10:08:17
My age 49, in Aadhaar Shila policy for three lakhs sum assured n term 10yrs what will be the yearly premium n maturity amount
Replied : 24-04-2017 11:10:59
Total First Year Premium will be 28023 (Premium- 27010 + Service Tax- 1013), you may use premium calculator yourself to know more. Maturity will be 3,00,000 +Loyalty Addition.