Adhar Shila 944 Plan – LIC Adhar Shila 944 Policy Details
Adhar Shila 944 policy is a regular premium paying non-linked with profits, endowment assurance plan. This plan is exclusively designed for Female Lives having Aadhar Card issued by UIDAI. This plan shall be available to standard lives only without any medical examination and the total sum assured under all the policies issued to an individual under this plan shall not exceed Rs 3 lakhs.
Premium Payments Mode
Monthly (ECS), Quarterly, Half Yearly and Yearly
Term / Duration
10 to 20 Years
Minimum Entry Age
8 Years Completed
Maximum Entry Age
55 Years (Nearest Birthday)
Maximum Maturity Age
Minimum Sum Assured
Maximum Sum Assured
3,00,000 (3 lakh)
Loan Facility is Available under this plan. After 2 Years
Income Tax Benefit
Tax Rebate under Section 80C
Maturity Under this plan is Free under Section 10(10D)
The guaranteed surrender value shall be percentage of total premiums paid (net of taxes) excluding any extra premiums and premiums for riders.
Basic Sum Assured + Loyalty Addition if any
On risk of the life assured during the plan term sum assured on risk shall be payable which is the higher
Basic Sum Assured
7 Times of annualized premium
105% of all the premiums paid as on date of risk.
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 risk occurs after completion of 5th policy year.
Maximum Accidental Risk and disability benefit rider up to age 70 Years