Aadhaar_Shila – (Plan No: 944, UIN: 512N309V02)
| Name of Plan & Plan Table Number | |
| Product Type | Non Linked Product |
| Premium Payment | Limited Premium Payment |
| With Profit Plan | Vested Reversionary Bonus + Final Addition Bonus |
| On Death of Insurer | 10% of Sum Insurance as Regular Income And Maturity Amount at the time of Maturity |
| Tax Benefit | Premium Paid Exempted Under Section 80C |
| Maturity and Death Claim | Tax Free Under 10(10 D ) |
| Premium Paying Mode | Yearly, Half Yearly, Quarterly, Monthly |
| Grace Period (Extra Time to Pay Premium) | Full Coverage during Grace Period |
| Grace Period | For Monthly – 15 Days and for Yearly, Half Yearly, Quarterly – 30 Days |
| Revival of Policy (Closed Policy to Restart) | With in 5 Years can be restart after closing |
| Paid up Value | If Policy paid for two years and closed then the policy coverage will be continue with reduced sum insured value. And can be surrender. |
| Minimum age at entry | Years |
| Maximum age at entry | Years |
| Maximum age at Maturity | Years |
| Policy Term Period | Years to Years |
| Premium Payment Term | ( Policy Term – 3 Years ) If Policy Term =13 Years Then -3 Years = Payment Term is 10 Years |
| Minimum and Maximum Sum Assured | 1 Lakhs and Maximum No Limit |
| Riders | 1- Accidental Death and Disability Benefit Rider |
| 2- Accident Benefit Rider | |
| 3- New Term Assurance Rider | |
| 4- New Critical Illness Benefit Rider | |
| Settlement Options for Maturity and Death Benefit | 1.Lump-Sum Payment – Single payment of all benefit amount. |
| 2. In Installment – In Installment over the chosen period 5 or 10 or 15 years | |
| 3. Full or part payment and rest remaining in installment. Only policy holder can choose these options. Nominee can not change these options chosen by policy holder. | |
| Benefits by example | |
| Age at Entry | Age = 30 Years |
| Sum Insured & Premium Monthly Payment | Rs.5,00,000/ Rs./ &
Yearly Premium Rs. / |
| Policy Term & Premium Payment Term | |
| Total Premium payment in 22 Years | Rs. |
| Maturity Benefit Return after 25 Years | Sum Assured + Vested Revisionary Bonus + Final Addition Bonus = *Bonus calculated on present rate it May Change . |
| Death Benefits Death After 5 Years | |
| Premium Payment | |
| On Death immediate payment | |
| Regular Income | |
| On Completion of Policy Term (After 25 Years) | |
| NOTE – The above example is calculated on present rate of bonus declared by LIC, but it may change time to time depending on rate of bonus declared by LIC | |
