Lic Aadhaar Shila
vs
Lic Single Premium Endowment

LIC’s Aadhaar Shila Plan (Plan No: 944) is a non-linked insurance plan, with profits and a regular premium-paying endowment plan. This plan is a combination plan that offers both savings as well as protection.

LIC’s Aadhaar Shila Plan is primarily for female policyholders having Aadhaar cards provided by UIDAI (Unique Identification Authority of India). This is a Loyalty Addition based plan and does not require any medical tests.

This plan also provides financial assistance to the policyholder’s family in the event of his/her miserable death even during the maturity period and if the policyholder survives the policy term a fixed sum assured is paid at the time of maturity.

LIC Aadhar Shila Plan offers you a range of benefits including:

• Death Benefits
• Maturity Benefits
• Loyalty Additions

• Auto cover continuance
• Policy Loan

It is a traditional endowment with death and maturity benefits to the policyholder. Even a bonus facility is given along. In this plan, the premium is paid in the starting which is paid in a lump sum amount. It serves the investment purpose and even secures you if you face an untimely demise. There is a sure short return on them which means these plans are secure and provide people with financial benefits. These plans including the LIC'S single premium plan provide insurance cover for the policyholder which means that if any unfortunate incident takes place to the insured then a lump sum amount will be given to the family. So if the person is the breadwinner of the family, there might not be a problem if this plan is availed. Even rebates are offered by LIC's single premium policy. One can even avail loan on these plans. Under the Income-tax Act, tax benefits are there for the people who take these policies.

LIC Single Premium Endowment Plan offers you a range of benefits including:

• Maturity Benefits
• Death Benefits
• Multiple rider options

• Loan Facility
• Survival Benefits