Life Insurance Company (LIC) has announced to offerinvestment schemes for Indian women who invest money. In this scheme, LIC willprovide impressive returns and security on the investment. This scheme isoffered to make the Indian women self-reliant which will cause the growthof many in a snap.
The scheme is named Aadhar Shila and is applicable forwomen between the ages of 8 to 55. If you wish to apply to this scheme, you caninvest the least amount of money per day and you will get approximately Rs 4Lakh at the time of maturity. Besides, the assured returns the company is alsooffering a protection coverage plan.
The minimum amount offered at the time of maturity is Rs75,000 and the maximum is Rs 3,00,000. Just in case, if the investor diesbefore the maturity then the money will be offered to the family as financialassistance by the state-owned insurer.
The investor can start the scheme by contacting any LICinvestor or by visiting the nearest branch. The women investors can invest inthe scheme for a minimum of 10 years to a maximum of 20 years. To open the LICAadhar Shila scheme, the investors will need an Aadhar card which is aguaranteed return endowment plan.
How to get a maturity of 4 Lakh as a maturity?
To gain maturity of 4Lakh, then the initial investment made by the woman investor should be Rs10,959 per year along with 4.5% tax for 20 years. Thinking of the dailysavings per day it will be Rs 29. IN the next 20 years you will be providing Rs2,14,696 to LIC in continuation of this scheme but at the end of the 20 years,you will be getting roughly around Rs 4 Lakh. The choice of when the investorswhich to pay the amount is totally on the investors. You can either pay monthly,quarterly or half-yearly basis.