LIC Aadhaar Shila Plan

Women of the 21st century hold dual responsibilities on professional and personal fronts. While toiling hard to keep up in the race of urban life, a woman needs financial assurance and security to help her cope with changing times.

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The use of insurance plans for female lives would help her enjoy benefits that are designed to help her move ahead in life. One such plan, which is a non-linked participating individual life assurance plan, is LIC Aadhaar Shila, a popular plan amongst women in India. This is a female-only plan that grows your funds and secures the future of your family members in case there is an unfortunate incident of a death. 

Eligibility for LIC Aadhar Shila Plan




Females Only

Policy Tenure

10 to 20 years

Premium Paying Term

Same as the policy term

Premium Paying Mode

Quarterly, Monthly, Half Yearly and Yearly

Entry Age

Min – 8 years (completed)

Max - 55 years (completed)

Maturity Age

70 years (nearest birthday)

Grace Period

30 Days

Sum Assured

Rs. 75000/- to Rs. 300000/- 


Loan Facility and Auto Cover

Benefits of LIC Aadhar Shila Plan

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

  • Maturity Benefit: The policyholder receives a lump-sum amount on maturity, which is the basic sum assured and loyalty additions if eligible. The maximum tenure of the policy is 20 years and upon maturity, the policyholder can reinvest the lump sum amount in a new policy. 
  • Death Benefit: The family/nominee/legal heir of the policyholder receives a lump-sum amount in the form of the death benefit and loyalty additions if any. The assured death benefit ensures that the family is protected even in her absence. The LIC Aadhar Shila policy status must be active for the payout to be made.  
  • 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 returning customers of LIC.
  • Surrender Benefit: The LIC Aadhar Shila policy attains a surrender value after the first two year premiums are paid on a timely basis. Upon surrender of the policy, the guaranteed surrender value and special surrender value is calculated as per the Corporation’s rules before releasing the lump-sum.  
  • 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. 
  • Tax Benefits: The benefits enjoyed under this policy are subject to income tax rebates as per prevailing laws.

* Tax benefit is subject to alterations in tax laws

The maturity amount under this plan is tax-free under section 10(10D).

The Premiums for LIC Aadhar Shila Plan

The premium payment tenure is equal to the policy tenure in LIC Aadhar Shila Plan and can be paid in yearly, monthly, quarterly, or half-yearly modes.

The minimum payment amount is *Rs. 3000/- p.a.

*Standard T&C Apply

The premium payment schedule as suitable to your needs would be best discussed with an authorized LIC agent. There are several branches of LIC in every city. The best way to start you would plan to download the policy document from the official website and then fill it up with the help of a registered LIC agent.

Additional Riders for LIC Aadhar Shila Plan

Additional riders available are as follows:

  • LIC Accident Benefit Rider is available to the policyholder and can be added to the base policy after the completion of the first five years. The rider once opted for will be applicable in case the policyholder meets with an unfortunate accident or dies due to an accident. The death benefit then payable will be supported by the benefits of the rider.
  • The death benefit can be withdrawn in instalments by the nominee of the policyholder. The period granted is in periods of 5 years, 10 years, or 15 years.

What are the documents required to buy this policy?

To buy LIC Aadhar Shila policy, one has to provide:

  • Identity proof - Aadhar card, voter's card, and passport
  • Address proof- Aadhar card, driving license, electricity bill, ration card, voter's card, and/or passport
  • Income proof - such as Income tax returns or salary slips
  • Health records of the life assured

How to buy this plan online?

Online LIC Aadhar Shila policy purchase is not possible. The official website has all the details and will be best used as a reference for the best-suited policy, its options, benefits and formalities

Exclusions of LIC Aadhar Shila Plan

LIC Aadhar Shila Plan reviews indicate that it is a very friendly investment option for female lives in India with assured returns and family protection.  

Under this policy, the suicide clause is an exclusion wherein the beneficiary receives 80% of the premiums paid if the suicide happens within first twelve months of inception of policy risk, or the surrender value, whichever is here.

LIC Aadhar Shila Plan - FAQs

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