LIC’s Aadhaar Shila - Life Insurance for Women on a Budget

LIC has been striving to introduce various initiatives to empower the general public with its wide-ranging insurance schemes. In February 2020, this government-owned entity designed a scheme specifically keeping in the mind the interests of women. Called LIC Aadhar Shila, the policy aims to financially support women and help them achieve their goals in the future.

Read more
LIC Plans-
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold
Now Available on Policybazaar
Grow wealth through
100% Guaranteed Returns with LIC
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold
Number Verification
Didn’t receive code? Resend
Your verification code is encrypted end-to-end to keep it safe.

About LIC’s Aadhar Shila Policy

Exclusively designed for females, LIC Aadhar Shila offers comprehensive coverage to the life assured along with benefits of savings. However, it is important to note that the policy can only be availed by women who possess a valid Aadhar card. Without providing it at the time of policy inception, you will not be allowed to proceed further. 

LIC’s Aadhar Shila is an endowment-based policy and serves to address the capital needs of the policyholder's family on her unfortunate demise. On top of that, should the life assured survive the policy term, she is entitled to receive the sum assured on the maturity of the policy. 

Important Features of LIC’s Aadhar Shila Policy 

  • Death Benefit - Provided that all due premiums are paid and the policy is in force, beneficiaries of the female lives are entitled to the sum assured on death.

  • Maturity Benefit - Women covered under the policy shall receive a maturity benefit that is equal to the basic sum assured at the end of the policy tenure. 

  • Loyalty Additions - On the completion of 5 policy years and payment of due premiums, the plan shall participate in LIC's profits. The extra amount is added to the death/maturity benefit at the time of the final payout. 

  • LIC’s Accident Benefit Rider - Women policyholders of LIC’s Aadhar Shila can claim extra cover against accidental death with this rider. However, note that the policy term has to be a minimum of 5 years to avail the rider benefits. 

  • Benefits in Installments - On choosing the settlement option, the life assured shall receive the maturity benefit in installments. Moreover, she can also choose to claim death benefits in installments.

    This is an excellent option for anybody who wishes to manage their funds efficiently, instead of receiving a lump sum payout and potentially running out of capital. 

  • Premium Payment - Women with LIC’s Aadhar Shila life cover have the flexibility to choose from yearly, half-yearly, quarterly, or monthly payments. 

  • Tax Exemption - As a policyholder covered under this policy, you can enjoy income tax exemptions under sections 80C and 10(10D) of the Income Tax Act, 1961.

Cover-Up to 3 Lakhs at Rs.912 per Month!

LIC’s Aadhaar Shila was created with the sole objective of making women self-reliant and ensuring that their dependents do not run out of finances. Given the greater purpose of the scheme, it allows one to accumulate up to Rs.3 Lakhs, which they can use to fund various needs.  

Any woman in the age bracket of 8 to 55 years can choose to invest in the policy for a term of 10 years to 20 years. The premium paying term shall be the same as the policy term that she chooses. Please note that you will have to assure a sum of at least Rs.75,000 under LIC’s Aadhaar Shila. 

While the maximum basic sum assured has been capped at Rs.3 Lakhs, one is entitled to additional returns in the form of loyalty additions. 

Let’s look at a sample illustration to explain the premium amount that you would have to pay against a sum assured of Rs.3 Lakhs.  

Sample Illustration for LIC’s Aadhar Shila Policy

Let’s assume a 26-year-old female who has chosen to secure a sum of Rs.3 Lakhs for a policy term of 20 years. The premium paying term thus shall be 20 years, payable yearly, half-yearly, quarterly, or monthly. The following illustration highlights the respective premiums payable (inclusive of taxes) against each mode of payment. 

Premium Paying Mode Yearly Half-yearly Quarterly Monthly
Premium Amount  Rs.10,710 Rs.5,413 Rs.2,736 Rs.912

If you wish to understand the premium amounts payable against various sums, you can use LIC's online premium calculator to come to an accurate estimate. The tool is completely free of cost and can be used from the comfort of your home. 

Summing Up!

LIC’s Aadhaar Shila scheme has the potential to relieve you of the financial burden of your dependents in case of your death. With this policy, you can make sure that their needs are taken care of and they don't have to struggle for financial assistance. Further, with the maturity proceeds, you can also add to your savings and safeguard your personal needs in the future.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:-

LIC of India
LIC Plans
LIC Jeevan Utsav
LIC Jeevan Kiran
LIC Dhan Vriddhi
LIC Monthly Investment Plans
LIC Jeevan Azad
LIC 1 Crore Endowment Plans
LIC Jeevan Labh 1 Crore
LIC Crorepati Plan
LIC Dhan Varsha - Plan No. 866
LIC Pension Plus Plan
LIC New Jeevan Shanti
LIC Bima Ratna
LIC Group Plans
LIC Fixed Deposit Monthly Income Plan
LIC Savings Plans
LIC’s New Jeevan Anand
LIC New Jeevan Anand Plan 915
LIC's Saral Jeevan Bima
LIC's Dhan Rekha
LIC Jeevan Labh 836
LIC Jeevan Jyoti Bima Yojana
LIC Child Plans Single Premium
LIC Child Plan Fixed Deposit
LIC Jeevan Akshay VII
LIC Yearly Plan
LIC Bima Jyoti (Plan 860)
LIC’s New Bima Bachat Plan 916
LIC Bachat Plus Plan 861
LIC Policy for Girl Child in India
LIC Samriddhi Plus
LIC New Janaraksha Plan
LIC Nivesh Plus
LIC Policy for Women 2023
LIC Plans for 15 years
LIC Jeevan Shree
LIC Jeevan Chhaya
LIC Jeevan Vriddhi
LIC Jeevan Saathi
LIC Jeevan Rekha
LIC Jeevan Pramukh
LIC Jeevan Dhara
LIC Money Plus
LIC Micro Bachat Policy
LIC Endowment Plus Plan
LIC Endowment Assurance Policy
LIC Bhagya Lakshmi Plan
LIC Bima Diamond
LIC Anmol Jeevan
LIC Bima Shree (Plan No. 948)
LIC Jeevan Saathi Plus
LIC Jeevan Shiromani Plan
LIC Annuity Plans
LIC Jeevan Akshay VII Plan
LIC SIIP Plan (Plan no. 852) 2023
LIC Jeevan Umang Plan
LIC Jeevan Shanti Plan
LIC Online Premium Payment
LIC Jeevan Labh Policy-936
LIC Money Plus Plan
LIC Komal Jeevan Plan
LIC Jeevan Tarang Plan
LIC Bima Bachat Plan
LIC’s New Money Back Plan-25 years
LIC Money Back Plan 20 years
LIC Limited Premium Endowment Plan
LIC Jeevan Rakshak Plan
LIC New Jeevan Anand (Previously LIC Plan 149)
LIC New Endowment Plan
LIC Investment Plans
LIC Pension Plans
Show More Plans
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans
Download the Policybazaar app
to manage all your insurance needs.