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: