LIC Aadhaar Shila Plan

The LIC Aadhaar Shila plan is designed for females and offers the combined benefit of insurance protection and savings. The plan provides financial security to the family in case of an eventuality and helps accumulate wealth in the long term.

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.

LIC Aadhaar Shila-An Overview

Exclusively designed for females, the LIC Aadhaar Shila plan is an endowment policy that offers the dual benefit of savings and life protection. The plan offers financial coverage to the family in case the policyholder dies during the policy term. Additionally, the plan also offers maturity benefits in case the policyholder survives till the end of the policy tenure. Moreover, it also takes care of liquidity needs through auto cover and loan facility options.

Eligibility Criteria of LIC Aadhaar Shila Plan

The following are the eligibility criteria of the policy.

Criteria Minimum Maximum
Entry Age 8 years 55 years
Policy Term 10 years 20 years
Maturity Age N/A 70 years
Premium Paying Term Same as Policy Term
Sum Assured Rs 75,000 Rs 3,00,000

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:

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

  • Payment of Premiums
    The premium payment tenure is equal to the policy tenure in LIC Aadhaar Shila Plan. It can be paid in yearly, monthly, quarterly, or half-yearly modes.

  • Rebates Applicable

The plan offers several rebates such as:

Mode Rebate
Quarterly, Monthly (NACH) & Salary deduction NIL
Half-yearly mode  1% of Tabular premium
Yearly mode 2% of Tabular Premium
High Sum Assured Rebate
Basic Sum Assured (BSA) Rebate (Rs.)
Rs. 75,0000-1,90,000 Nil
Rs. 2,00,000-2,90,000  1.50% BSA
Rs. 3,00,000 2.00% BSA

Additional Benefits Under LIC Aadhaar Shila Plan

LIC Aadhaar Shila offers several optional benefits through which the policyholder can enhance their coverage by paying an additional premium.

  1. Optional Riders

    LIC Accident Benefit Rider is available to the policyholder and can be added to the base policy after completing 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.

  2. Maturity Benefits in installments

    Under the policy, a policyholder can receive maturity benefits in installments over 5/10/15 years. The installment available under a different mode of installment payment are: 

    Mode of Installment Payment Minimum installment amount
    Monthly Rs. 5,000/-
    Quarterly Rs. 15,000/- 
    Half-Yearly Rs. 25,000/-
    Yearly Rs. 50,000/
  3. Death Benefits in installments

    Under the policy, one can receive death benefits in installments over 5 years, 10 years, or 15 years. The installment available under different mode of installment payment are: 

    Mode of Installment Payment Minimum installment amount
    Monthly Rs. 5,000/-
    Quarterly Rs. 15,000/- 
    Half-Yearly Rs. 25,000/-
    Yearly Rs. 50,000/

Sample Illustration for LIC’s Aadhaar 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

To check the LIC Aadhaar Shila premium in different scenarios, you can use the LIC Premium and maturity calculator. The calculator is an online tool that can be used free of cost and will give you accurate estimates as per your input.

Documents Required to Purchase LIC Aadhaar Shila Plan

To buy an LIC Aadhaar Shila policy, one has to provide:

  • Identity proof - Aadhaar card, voter's card, and passport

  • Address proof- Aadhaar 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 life assured.

Exclusions of LIC Aadhaar Shila Plan

Under this policy, the suicide clause is an exclusion wherein the beneficiary receives 80% of the premiums paid if the suicide happens within the first 12 months of inception of policy risk, or the surrender value, whichever is earlier.


  • Q: Can I receive regular updates of my LIC Aadhaar Shila Plan policy status?

    Ans: The regular updates of the LIC Aadhaar Shila plan will be provided to you by email and SMS and upon request at the nearest LIC branch via the printed statement.
  • Q: Can the LIC Aadhaar Shila Plan be surrendered before the policy tenure is over?

    Ans: Yes, it can be surrendered after the first two years of premiums are submitted on a timely basis.
  • Q: How is auto cover helpful in reviving a LIC Aadhaar Shila Plan?

    Ans: When the first three years' premiums are paid on time, and discontinuance happens within the first five years of the policy, a six-month auto cover is provided within which the policyholder can revive the policy in its original shape. If the discontinuance happens after the first five years' premiums are paid already, the policyholder gets 2 years of auto cover to revive the policy.
  • Q: Are rebates allowed in LIC Aadhaar Shila Plan premium amounts?

    Ans: Yes, rebates are available on the premiums depending upon the frequency of premium payment. To ease the options for policyholders, a one percent rebate is provided in the half-yearly mode of payment, and a two percent rebate is provided in the yearly mode of payment.
  • Q: Can LIC Aadhaar Shila Plan be activated for a minor female life?

    Ans: Yes. After the 8th year birthday is completed, any female life can be enrolled for the LIC Aadhaar Shila plan.
  • Q: Does this plan allow loan sanction of 100 percent of the surrender value?

    Ans: No, the plan does not allow 100 percent of the surrender value to be released as the loan amount. It allows loan sanction up to a maximum of 90% of the surrender value.

*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:-
++Returns are 10 years returns of Nifty 100 Index benchmark

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 2024
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) 2024
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 Varishtha Pension Bima Yojana
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.