LIC Aadhaar Shila Plan 944 Details & Benefits Guide
Are you looking for comprehensive LIC Aadhaar Shila Plan 944 details? For women residing in the Hanumangarh district—especially in Bhadra, Nohar, and Nethrana (PIN Code: 335504)—securing your family's financial future is a top priority. Understanding your life insurance investment is the first step toward true financial empowerment.
Whether you want to understand your exact LIC Aadhaar Shila benefits, calculate your expected LIC Aadhaar Shila maturity value, or find a secure local center to pay your LIC Aadhaar Shila premium, you need accurate, localized guidance.
Important Note: The Life Insurance Corporation of India (LIC) officially launched this policy on August 1, 2022, and it was discontinued for new sales on January 1, 2025. However, thousands of existing policyholders in our region continue to hold this active, highly beneficial policy. This detailed guide will help you navigate your existing policy features and show you how Ashuram Insurance Expert can assist you locally.
What is LIC Aadhaar Shila? (Plan 944 Details)
LIC's Aadhaar Shila (officially registered as Plan No. 944, UIN: 512N309V03) is a Non-Linked, Participating, Individual, Savings Life Insurance Plan. Designed exclusively for female lives, this plan offers an excellent combination of long-term protection and savings.
The core objective of this plan is twofold:
- It provides robust financial support for the family in case of the unfortunate death of the policyholder any time before maturity.
- It provides a guaranteed lump sum amount at the time of maturity for the surviving policyholder, ensuring a financially secure future.
By holding this policy, women in Nethrana and Bhadra have established a strong financial safety net that covers both life risks and wealth accumulation.
Key Eligibility Conditions for Policyholders
Before diving into the financial returns, it is helpful to review the foundational parameters under which your policy was issued:
| Minimum Age at Entry | 8 years (completed) |
|---|---|
| Maximum Age at Entry | 55 years (nearest birthday) |
| Policy Term | Flexible terms ranging from 10 to 20 years |
| Premium Paying Term | Same as the Policy Term |
| Maximum Age at Maturity | 70 years (nearest birthday) |
| Minimum Basic Sum Assured | ₹2,00,000 per life |
| Maximum Basic Sum Assured | ₹5,00,000 per life |
Comprehensive LIC Aadhaar Shila Benefits Explained
Understanding your LIC Aadhaar Shila benefits is crucial for effective financial planning and peace of mind.
1. Death Benefit: Protecting Your Family
Life insurance is primarily a protective shield. On the death of the Life Assured during the policy term (provided the policy is in-force), the payout is calculated based on the timing:
- Death during the first 5 years: The "Sum Assured on Death" shall be payable to the family.
- Death after 5 years but before maturity: The "Sum Assured on Death" and Loyalty Addition, if any, shall be payable.
"Sum Assured on Death" is defined as the higher of either 7 times your annualized premium, or 110% of your Basic Sum Assured. LIC guarantees that the death benefit shall not be less than 105% of the total premiums paid up to the date of death.
2. Maturity Benefit: Planning Your Future
A highly searched question among policyholders is regarding their LIC Aadhaar Shila maturity amount. On the Life Assured surviving to the end of the policy term, provided all due premiums have been paid, the "Sum Assured on Maturity" along with Loyalty Addition, if any, shall be payable. Under Plan 944, the "Sum Assured on Maturity" is simply equal to your Basic Sum Assured.
3. Loyalty Addition
To reward long-term financial discipline, LIC offers a Loyalty Addition. Provided the policy has completed five policy years and at least 5 full years' premium have been paid, the policies under this plan shall be eligible for Loyalty Addition. This addition is declared based on the Corporation's financial experience and is paid out at the time of exit.
LIC Aadhaar Shila Premium Payment & Grace Period
Timely payment of your LIC Aadhaar Shila premium is strictly required to keep your risk cover active.
- Payment Modes: Premiums can be paid regularly at yearly, half-yearly, quarterly, or monthly intervals.
- Grace Period: We understand that delays happen. LIC allows a grace period of 30 days for payment of yearly, half-yearly, or quarterly premiums, and 15 days for monthly premiums from the date of the first unpaid premium. During this period, the policy remains fully in-force.
If your premium is not paid before the expiry of the grace period, the policy lapses. However, a lapsed policy can be legally revived within a period of 5 consecutive years from the date of the first unpaid premium, but before the date of Maturity.
Advanced Features: Policy Loan, Auto Cover, and Surrender
Financial Emergencies and Policy Loans
Liquidity is a major advantage of Plan 944. A loan can be availed during the policy term provided at least two full years' premiums have been paid.
- For in-force policies, the maximum loan available is up to 90% of the surrender value.
- For paid-up policies, you can access up to 80%.
The Auto Cover Feature
What happens if you face severe financial hardship and cannot pay your premiums?
- If at least three full years' (but less than 5) premiums have been paid, an Auto Cover Period of six months shall be available.
- If at least five full years' premiums have been paid, an Auto Cover Period of two years shall be available. This remarkable feature ensures your life risk cover continues uninterrupted even if you miss subsequent premium payments during that specific window.
Policy Surrender
While it is rarely advised, the policy can be surrendered at any time provided premiums have been paid for at least two consecutive years. On surrender, the Corporation shall pay a Surrender Value equal to the higher of the Guaranteed Surrender Value or the Special Surrender Value.
Settlement Options & Rider Coverage
- Maturity & Death Benefit Settlements: You are not forced to take a lump sum payout. The Settlement Option allows you to receive your Maturity Benefit in instalments over a chosen period of 5 years. Similarly, the option to take the Death Benefit in instalments over 5, 10, or 15 years is also available.
- Accident Benefit Rider: Policyholders had the option of availing LIC's Accident Benefit Rider (UIN: 512B203V03) under this plan at any time under an in-force policy. If opted for, an additional lumpsum is paid in the event of accidental death.
🔥 Your Trusted LIC Premium Point in Bhadra
Navigating policy rules, processing loans, and submitting claims requires deep expertise. If you live in the Nohar Tehsil, having a trusted local advisor is essential.
If you are in Nethrana (335504) or surrounding area (Bhadra, Hanumangarh) and:
- You want to deposit your LIC Aadhaar Shila premium securely.
- You want to know the current status of your policy and LIC Aadhaar Shila maturity value.
- You want to take an emergency loan or initiate the claim process.
- You want to update the nominee or address in your policy.
👉 Ashuram Insurance Expert – Your Trusted LIC Premium Point
With 36+ years of unbroken trust since 1990, we serve as your authorized local center, completely removing the hassle of long bank queues and complicated paperwork.
Call Now: 9414536577
WhatsApp: +91 9799-771-577
Visit: Main Bus Stand Road, Near Ambedkar Chowk, Bhadra - 335501
Frequently Asked Questions (FAQs)
What exactly is the LIC Aadhaar Shila Plan 944?
LIC Aadhaar Shila Plan 944 details outline it as a guaranteed, participating savings and life insurance plan designed exclusively for female residents. It provides solid financial protection for the family during the policy term and delivers a guaranteed lump sum maturity benefit at the end of the term.
Is this plan still available?
No. LIC originally launched this specific policy on August 1, 2022. However, it was officially discontinued for new sales on January 1, 2025. If you already purchased the policy before this date, your plan remains 100% active, and you will receive all guaranteed benefits.
What is the maturity amount for LIC Aadhaar Shila?
On successfully surviving the policy term, you will receive the "Sum Assured on Maturity" (which equals your Basic Sum Assured) plus any accumulated Loyalty Additions, provided all your due premiums have been paid completely.
When am I eligible for a loan on my policy?
One of the major LIC Aadhaar Shila benefits is liquidity. You are eligible to apply for an emergency cash loan against your active policy once you have successfully paid premiums for at least two full consecutive years.
Where to deposit your LIC Aadhaar Shila premium from Nethrana (335504)?
Residents of Nethrana and nearby areas do not need to travel far. You can easily and securely pay your LIC Aadhaar Shila premium at our authorized collection center: Ashuram Insurance Expert located near Ambedkar Chowk in Bhadra. We provide instant, official receipts for all transactions.