LIC’s AADHAAR SHILA Plan (Table No. 844)

Aadhaar Shila (Plan No. 844) is a regular premium paying Non-linked, With-Profits,

Endowment Assurance plan. Women Empowerment plan is exclusively designed for the FEMALE  lives having Aadhaar Card issued by UIDAI.   Unique Identification Number (UIN) for LIC’s Aadhaar Shila (512N310V01).This plan shall be available to standard healthy lives without any medical examination and the totalSum Assured under all the policies issued to an Individual under this plan shall not exceed Rs. 3 lakhs.


The benefits payable under an inforce policy are as under:

Benefits payable on death:

  1. a) Death Benefit

On death of the Life Assured during the policy term “Sum Assured on Death” shall be payable, which is the highest of

  • 10 times of annualized premium; or Absolute amount assured to be paid on death, i.e. 110% of Basic Sum Assured.
  • 105% of all the premiums paid as on date of death.

The premium mentioned above excludes taxes, extra premium and rider premiums, if any. In addition to the above, Loyalty Addition, if any, shall also be payable if death occurs after completion of 5th policy year.

  1. a) Maturity Benefit

On survival to the end of the policy term Basic Sum Assured along with Loyalty Addition, if any, shall be payable.

Participation in profits:

Provided the policy is in full force, then depending upon the Corporation’s experience the policies under this plan will be eligible for Loyalty Addition. The Loyalty Addition, if any, is payable at such rate and on such terms as may be declared by the Corporation on death after completion of 5thpolicy year or on Policyholder surviving to the maturity.

Optional Benefits:

LIC’s Accident Benefit Rider is available as an optional rider by payment of additional premium during the term of the policy. If there be more than one policy with which this or any other Rider covering Accidental Death is attached and if the total Accident Benefit Sum Assured under all such policies exceeds Rs.100 lakhs, the benefits shall apply to the first Rs. 100 lakhs Accident Benefit Sum Assured in order of date of policies issued. If this benefit is opted for, and if Life Assured is involved in an accident, leading to death and such incident shall occur within 180 days from the date of accident then an additional amount equal to the Accident Benefit Sum Assured is payable. However, the policy shall have to be in force at the time of accident irrespective of whether or not it is in force at the time of death.

Auto Cover Period:

‘Auto cover period under a paid-up policy is the period from due date of first unpaid premium (FUP), which includes the Grace Period. The applicable duration of Auto Cover Period shall be as under:

1.If at least three full years’ but less than five full years’ premiums have been paid in respect of a policy and any subsequent premium is not duly paid: – Auto Cover Period of six months from the due date of first unpaid premium (FUP) shall be available.

  1. If at least five full years’ premiums have been paid in respect of a policy and any subsequent premium is not duly paid: – Auto Cover period of two years from the due date of first unpaid premium (FUP) shall be available.


The policyholder has an option of availing following Rider benefit(s):

  1. a) LIC’s Accident Benefit Rider (UIN: 512B203V02).


For Basic Plan:

  1. a) Minimum Basic Sum Assured: Rs. 75,000
  2. b) Maximum Basic Sum Assured: Rs. 3,00,000

(The Basic Sum Assured shall be in multiples of Rs. 5,000/- for Basic Sum Assured Rs.75000 to

Rs.150000/- and Rs.10000/- for Basic Sum Assured above Rs.150000/-)

  1. c) Minimum Policy Term: 10 years
  2. d) Maximum Policy Term: 20 years
  3. e) Minimum Age at entry: 8 years (completed)
  4. f) Maximum Age at entry: 55 years (nearest birthday)
  5. g) Maximum Age at Maturity: 70 years (nearest birthday)


The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (through NACH only) or through salary deductions.

Avdhoot Investment

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