Aadhaar Shila Plan 944

Aadhaar Shila Plan 944: Maturity calculator for new endowment plan (914) is a simple tool to learn about the plan by calculating premium, year-wise life cover and maturity as per individual’s details. This plan is available for individuals who are aged between 8- 55 years and they can choose a policy term between 12-35 years.

In India, financial empowerment of women has become a core priority. Recognizing this, LIC – India’s largest and most trusted insurer – introduced LIC Aadhaar Shila Plan 944, a unique life insurance-cum-savings plan exclusively designed for women with Aadhaar cards.

Table of Contents

This plan aims to:
✔ Provide financial security for women.
✔ Offer lump sum benefits at maturity.
✔ Ensure risk coverage throughout the term.
✔ Promote long-term disciplined savings.

What is LIC Aadhaar Shila Plan 944?

Type: Non-linked, Participating, Endowment Plan.
Eligibility: Only for women holding a valid Aadhaar card.
Nature: Combines life cover + savings + maturity benefit.
Target Audience: Women seeking affordable insurance with guaranteed savings.

This plan is the female counterpart of LIC Aadhaar Stambh (943), which is for men.

Key Features of LIC Aadhaar Shila Plan 944

Life Protection + Savings: Offers financial security and wealth creation.
Maturity Benefit: Lump sum payout at the end of the policy term.
Death Benefit: Full sum assured with bonuses (irrespective of survival benefits paid).
Simple Reversionary Bonus: Declared annually and added to the policy.
Final Additional Bonus (FAB): Payable at maturity or death.
Affordable Premiums: Specially designed for low and middle-income groups.
Loan Facility: Available after 3 years of premium payment.
Tax Benefits: Eligible under Section 80C and 10(10D) of Income Tax Act.

Eligibility & Parameters

Parameter	Minimum	Maximum
Entry Age	8 years	55 years
Maturity Age	–	70 years
Policy Term	10 years	20 years
Basic Sum Assured (BSA)	₹75,000	₹3,00,000
Premium Payment Term	Same as policy term	–
Premium Payment Modes	Yearly, Half-yearly, Quarterly, Monthly (ECS)

Benefits of LIC Aadhaar Shila Plan 944

1. Death Benefit

Before Risk Cover Begins: Return of all premiums (excluding taxes).
After Risk Cover Begins:
- Sum Assured on Death (10x annual premium or Basic Sum Assured, whichever is higher)
  - Bonuses

Important: Death benefits already received (as survival benefits) are NOT deducted.

2. Maturity Benefit

At the end of the policy term:

Basic Sum Assured (BSA) + Accrued Simple Reversionary Bonus + Final Additional Bonus

3. Bonus Facility

Simple Reversionary Bonus: Declared yearly by LIC.
Final Additional Bonus: Paid at maturity or death, if applicable.

4. Loan Facility

Loan available after 3 years of premium payment.

5. Tax Benefits

Premium Paid: Deduction under 80C.
Maturity/Death Benefits: Exempt under 10(10D).

Example – LIC Aadhaar Shila Premium & Benefits

Case Study:

Age: 30 years
Policy Term: 20 years
Basic Sum Assured: ₹2,00,000
Premium Mode: Yearly

Premium Chart (Approx.)

Mode	Premium (₹)
Yearly	9,200 – 9,500
Half-Yearly	4,650 – 4,750
Quarterly	2,350 – 2,400
Monthly	790 – 810

Maturity Value

At end of 20 years:

BSA = ₹2,00,000
- Simple Reversionary Bonus (approx. ₹1.2–1.5 lakh)
- Final Additional Bonus (approx. ₹20,000–₹30,000)

👉 Total Maturity Value ≈ ₹3.5–3.8 lakh

Death Benefit Example

If death occurs in the 10th policy year:

Sum Assured on Death = ₹2,00,000 (or 10x premium)
- Bonuses (approx. ₹80,000–₹90,000)

👉 Family receives around ₹2.8–3 lakh.

Analyst Opinions

Strengths:

Exclusive women-focused plan.
Affordable premiums with guaranteed returns.
Good for low to middle-income families.
Provides insurance + savings together.

Weaknesses:

Low maximum sum assured (₹3 lakh).
Returns are moderate (5–6%).
Not suitable for high-net-worth individuals.

Verdict:
Best suited for women in semi-urban & rural areas or salaried women seeking disciplined savings + insurance protection.

Investor Scenarios

Scenario 1 – Homemaker (Age 35, SA ₹1.5 lakh, 15-year term)

Pays yearly premium of ~₹7,000.
At maturity: Receives ~₹2.6 lakh.
Ensures financial backup for children.

Scenario 2 – Working Woman (Age 28, SA ₹3 lakh, 20-year term)

Premium ~₹13,500 yearly.
Gets ~₹5.5 lakh at maturity.
Provides retirement corpus + life cover.

Scenario 3 – Self-Employed Woman (Age 40, SA ₹2 lakh, 15-year term)

Premium ~₹10,000 yearly.
Gets ~₹3.2 lakh at maturity.
Offers savings + protection for family.

Real Investor Experiences

Ritika (Delhi): “I liked that it is designed just for women. Premium is small, but I know my future is safe.”
Meena (Jaipur): “The maturity amount helped me during my daughter’s marriage.”
Ananya (Bangalore): “It’s affordable and gives me peace of mind.”

Expert Insights – Comparison

Vs. Aadhaar Stambh (943): Same plan, but Stambh is for men.
Vs. Jeevan Lakshya (933): Lakshya has higher coverage but higher premium too.
Vs. Term Insurance: Term plans offer higher cover, but Aadhaar Shila gives savings + maturity.

FAQs – LIC Aadhaar Shila Plan 944

Q1. Who can buy Aadhaar Shila Plan 944?
👉 Only women with Aadhaar card.

Q2. What is the minimum sum assured?
👉 ₹75,000.

Q3. What is the maximum maturity age?
👉 70 years.

Q4. Can I get a loan under this plan?
👉 Yes, after 3 years of premiums.

Q5. Is the maturity amount taxable?
👉 No, it’s exempt under Section 10(10D).

Q6. Is it good for rural women?
👉 Yes, as it is affordable, safe, and simple.

Final Thoughts – Should You Buy LIC Aadhaar Shila Plan 944?

✔ Perfect for women seeking affordable savings + insurance.
✔ Provides peace of mind & financial backup.
✔ Good for education, marriage, or retirement needs.
✔ Best suited for women with low to moderate income.

⚠️ However, if you’re looking for high investment returns, mutual funds or ULIPs may be better.

Conclusion:
LIC Aadhaar Shila Plan 944 is a safe, women-focused, and trust-backed insurance plan. It’s not about high returns, but about protection, dignity, and financial empowerment. For Indian women who value security and discipline, Aadhaar Shila is a worthy choice.