LIC's Aadhaar Shila (Plan No. 944, UIN No. 512N309V03) is a participating individual life insurance policy with a focus on women's protection and savings. Here's what I can share about it:
Key Features:
- Protection and Savings: It offers both life insurance benefits (death benefit) and savings benefits (maturity benefit and loyalty additions).
- Limited Premium Payment Term: You pay premiums only for a limited period, even if the policy term is longer.
- Death Benefit: In case of the policyholder's unfortunate demise during the policy term, the nominee receives the sum assured along with any bonuses.
- Maturity Benefit: Upon policy maturity, the sum assured and accrued bonuses are paid out.
- Loyalty Additions: LIC may declare loyalty additions based on the company's performance, further boosting the maturity benefit.
- Participating Plan: You are eligible to share in LIC's profits through bonuses declared by the company.
- Additional Benefits: Some versions of the plan might offer additional benefits like accidental death benefit, waiver of premium benefit, etc.
Information about your specific policy:
- The UIN (Unique Identification Number) you provided (512N309V03) identifies your specific policy.
- To get details like premium amounts, bonus rates, and maturity value, you can access your policy information online through the LIC website or app, or contact LIC directly.
Additional Resources:
- LIC's Aadhaar Shila product page: https://licindia.in/lic-s-aadhaar-shila-plan-no-844-uin-512n309v01-
- Policy document for Plan No. 944: https://licindia.in/lic-s-aadhaar-shila-plan-no-844-uin-512n309v01-
- Probus Insurance review of LIC Aadhaar Shila: https://www.probusinsurance.com/
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