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New LIC Policy: Invest only Rs 29 everyday to get Rs 4 lakh, Know here how

LIC (Life Corporation of India) offers a wide range of insurance options for people of different ages and backgrounds. Apart from bank policies and post office saving schemes, LIC policies offer one of the safest policies to invest in.

Like many of their policies, they have introduced a new policy ‘Aadhaar Shila’ which is an individual life insurance plan created specifically for women and girl child. Let’s take a closer look at this policy:

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The plan provides financial support to the policyholder’s family in case of their sudden demise before maturity.

The minimum amount ensured in this plan is Rs 75,000 for each individual in the family and a maximum amount of Rs 3 lakh. The maturity period ranges from 10 to 20 years. Monthly, quarterly, half-yearly or yearly premiums are available.

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So if you save Rs 29 every day, you can invest Rs 10,959 every year. Following this for 20 years, you will invest Rs 2,14,696 and over 20 years, you will get a return of Rs 3,97,000 at maturity.

This scheme is open to all women aged 8 to 55. According to LIC’s website, this plan is only offered to people who live normal, healthy lifestyles and have never had a medical examination.

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To know more about the terms and conditions of the plan you can visit the official website of LIC.

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