Become the owner of lakhs by investing just Rs 29, this scheme is only for girls and women

 LIC announces policies after certain interval which offers various advantages to buyers.  These policies will give benefits to citizens so that they can become independent.

LIC has announced one such policy is named LIC “Aadhaar Shila Policy”. This policy is only for girls or women. Under this policy, women of 8 to 55 years can easily invest. Today we will give you information about this policy in this article:-

*Image Source- LIC

(i)                Aadhar card is mandatory to invest in this policy. Only then a woman will be able to invest in it.

(ii)             You will get the money after the maturity of this policy. LIC brings convenience and secure policy to its customers. In which you can get benefit. Under LIC, if the policy holder dies, then its money will be given to your family members.

(iii)           One can invest 75,000 or ₹ 3 lakh can be invested in this policy.

(iv)           The term of this policy is 10 years or till the last 20 years.

(v)              The policy will come to maturity when the policy holder attains the age of 70 years. You can pay this policy monthly, half yearly or annually.

(vi)           If you are 30 years old and you are paying ₹29 daily. So in the very first year, ₹10,959 will be deposited and it will be taxed at 4.5%. That is, next year you will have to pay ₹ 10,723 in 20 years you will have to deposit ₹2,14,696.

(vii)         This plan is in the interest of women and the premium amount is also reduced in this policy. You can also get a loan on this policy after 3 years. Income tax will not be levied on investment in this policy under 80C. No tax on policy maturity under 10(10D), and you will get your amount tax free.