Plan Name: LIC Aadhaar Shila
Plan Number: 944 | UIN: 512N309V03
Plan Type: Non-Linked Participating Savings Life Insurance Plan (Female Lives Only)
Launch Date: 01 August 2022
Status: Active LIC Plan
• Calculations are based on official LIC Aadhaar Shila brochure premium samples and rebate rules.
• Death Benefit = Higher of 7 × Annualized Premium OR 110% of Basic Sum Assured. :contentReference[oaicite:0]{index=0}
• Death benefit will never be less than 105% of total premiums paid. :contentReference[oaicite:1]{index=1}
• Maturity Benefit = Basic Sum Assured + Estimated Loyalty Addition. :contentReference[oaicite:2]{index=2}
• Yearly mode rebate = 2%; Half-Yearly rebate = 1%. :contentReference[oaicite:3]{index=3}
• High Sum Assured rebates applied according to LIC brochure. :contentReference[oaicite:4]{index=4}
• GST extra as applicable.
About LIC Aadhaar Shila Plan 944
LIC Aadhaar Shila Plan 944 is a participating savings insurance plan designed specially for female Aadhaar card holders. The plan offers both life protection and maturity savings benefits.
According to the official LIC brochure, the policy term ranges from 10 to 20 years and the premium paying term is equal to the policy term. :contentReference[oaicite:5]{index=5}
- Minimum Entry Age: 8 Years
- Maximum Entry Age: 55 Years
- Maximum Maturity Age: 70 Years
- Basic Sum Assured: ₹2,00,000 to ₹5,00,000
- Loan Facility Available after 2 years
- Premium Modes: Yearly, Half-Yearly, Quarterly, Monthly
- Loyalty Addition available after 5 years
- Tax Benefits under Section 80C and 10(10D)
What is LIC Aadhaar Shila Plan 944?
Life Insurance Corporation of India is widely recognized as one of the most trusted insurance providers in India. LIC Aadhaar Shila Plan 944 was introduced as a special insurance policy designed exclusively for female policyholders holding valid Aadhaar cards issued by UIDAI.
LIC Aadhaar Shila Plan 944 (UIN: 512N309V02) is an individual, non-linked, participating life insurance policy that combines savings benefits with life insurance protection. The plan was specially created to support women by providing financial security for their families in case of the policyholder’s unfortunate death before maturity while also offering a lump-sum maturity payout if the insured survives the policy term.
Main Purpose of LIC Aadhaar Shila Plan 944
The policy aimed to provide:
- Financial protection for the policyholder’s family
- Long-term savings accumulation
- Bonus participation through LIC profits
- Affordable insurance coverage for women
- Maturity benefits for future financial needs
Key Characteristics of LIC Aadhaar Shila Plan 944
- Individual life insurance policy for women only
- Available exclusively for Aadhaar card holders
- Non-linked insurance plan without stock market risk
- Participating policy eligible for LIC bonus declarations
- Combination of insurance protection and savings benefits
- Lump-sum maturity payout on survival
- Death benefit protection during policy term
The plan became popular among women seeking affordable traditional insurance coverage along with disciplined long-term savings.
Launch and Withdrawal Dates
When Was LIC Aadhaar Shila Plan 944 Launched?
Life Insurance Corporation of India launched LIC Aadhaar Shila Plan 944 on February 1, 2020, as a dedicated life insurance and savings plan specially designed for female Aadhaar card holders.
Is LIC Aadhaar Shila Plan 944 Withdrawn?
According to current LIC updates, LIC Aadhaar Shila Plan 944 remains active and has not been withdrawn. As of September 2025, the policy was not included in LIC’s officially withdrawn plans list.
For the latest updates and official status confirmation, policyholders should always refer to LIC India’s official website.
Key Features of LIC Aadhaar Shila Plan 944
What Are the Main Features of LIC Aadhaar Shila Plan 944?
| Feature | Details |
|---|---|
| Plan Type | Non-linked Participating Life Assurance Savings Plan |
| Target Group | Female Aadhaar card holders |
| Entry Age | Minimum 8 years and Maximum 55 years |
| Policy Term | 10 years to 20 years |
| Maximum Maturity Age | 70 years |
| Sum Assured | ₹75,000 to ₹3,00,000 |
| Premium Payment Modes | Annual, Half-yearly, Quarterly, Monthly |
| Premium Rebate | 2% rebate for yearly mode and 1% rebate for half-yearly mode |
| Loan Facility | Available after payment of 2 full years’ premiums |
| Revival Period | Within 5 years from first unpaid premium before maturity |
| Optional Riders | Accident Benefit, Accidental Death & Disability, Term Assurance, Critical Illness, Premium Waiver |
Benefits of LIC Aadhaar Shila Plan 944
Life Insurance Cover
If the policyholder dies during the policy term and all due premiums have been paid, the nominee receives the Sum Assured on Death.
The death benefit payable is the highest of:
- Sum Assured on Death under the policy
- 105% of total premiums paid until death
- Guaranteed Sum Assured at maturity
If death occurs after completion of 5 policy years, loyalty additions or bonuses declared by LIC are also payable if applicable.
Maturity Benefit
If the policyholder survives until the end of the policy term, LIC pays:
- Basic Sum Assured
- Loyalty Additions if declared
This lump-sum maturity amount helps support long-term financial goals and savings needs.
Loan Facility
Policyholders can avail loans against the policy after payment of premiums for at least two full policy years according to LIC conditions.
This facility helps meet urgent financial requirements without surrendering the policy.
Premium Rebates
LIC Aadhaar Shila Plan 944 offered premium rebates for selected premium payment frequencies.
Premium Mode Rebates
| Payment Mode | Rebate |
|---|---|
| Yearly | 2% of tabular premium |
| Half-yearly | 1% of tabular premium |
| Quarterly | No rebate |
| Monthly | No rebate |
These rebates helped reduce the overall premium payable for yearly and half-yearly payment modes.
Eligibility Conditions for LIC Aadhaar Shila Plan 944
Who Could Purchase LIC Aadhaar Shila Plan 944?
- Female applicants aged between 8 years and 55 years
- Valid Aadhaar card holders
- Policy term selectable between 10 years and 20 years
- Sum Assured available from ₹75,000 to ₹3,00,000
- Premium payment options available in:
- Annual mode
- Half-yearly mode
- Quarterly mode
- Monthly mode
Grace Period Details
- 30 days grace period for yearly, half-yearly, and quarterly premiums
- 15 days grace period for monthly premiums through NACH
How to Use LIC Aadhaar Shila Plan 944 Calculator?
LIC Aadhaar Shila Plan 944 Calculator is an online estimation tool used to calculate:
- Premium payable
- Maturity benefits
- Death benefits
- Approximate policy values
based on the policyholder’s age, selected Sum Assured, and chosen policy term.
The calculator helps policyholders understand the financial commitment and expected returns before purchasing the policy.
Steps to Use LIC Aadhaar Shila Plan 944 Calculator
Step 1 – Enter Age
Enter the age of the female policyholder between 8 years and 55 years.
Step 2 – Select Policy Term
Choose a suitable policy term between 10 years and 20 years.
Step 3 – Enter Sum Assured
Select the desired Sum Assured amount ranging from ₹75,000 to ₹3,00,000.
Step 4 – Choose Premium Payment Mode
Select the preferred premium payment frequency:
- Annual
- Half-yearly
- Quarterly
- Monthly
Step 5 – Calculate Premium
Click the calculate option to view:
- Approximate premium payable
- Estimated maturity benefits
- Expected death benefits
The calculator helps policyholders understand premium commitments and expected returns for better financial planning.
Why Choose LIC Aadhaar Shila Plan 944?
Specially Designed for Women
Life Insurance Corporation of India designed this policy exclusively for female Aadhaar card holders to support their financial security and long-term savings needs.
No Medical Examination Requirement
The policy did not require mandatory medical tests for eligible applicants, making the purchase process simple and convenient.
Combination of Savings and Protection
LIC Aadhaar Shila Plan 944 provided both life insurance coverage and savings benefits under a single traditional insurance policy.
Trusted LIC Brand
LIC’s reputation as a government-owned insurer offered confidence in policy servicing and claim settlement.
Flexible Premium Payment Options
Policyholders could choose convenient premium payment frequencies according to their financial comfort.
Loan Facility for Emergencies
Policy loans could be availed after payment of at least two years’ premiums without surrendering the policy.
Loyalty Additions
Loyalty additions declared by LIC increased maturity and death benefits after specified policy durations.
Comparison with Other LIC Plans
LIC Aadhaar Shila Plan 944 differed from pure term insurance plans because it combined savings and life insurance protection.
Compared with traditional endowment plans, the policy stood out because of:
- Aadhaar-based eligibility
- Women-focused design
- No medical examination requirement
The policy was often compared with other LIC plans such as:
Important Points to Remember
Key Conditions Under LIC Aadhaar Shila Plan 944
- The policy was available only for female Aadhaar card holders
- Premiums needed to be paid regularly to keep the policy active
- Missing premium payments could result in policy lapse
- Optional riders increased premium cost
- Surrender and revival conditions applied according to LIC rules
- Policyholders were advised to read the official brochure carefully before purchase
How to Purchase LIC Aadhaar Shila Plan 944?
The policy could be purchased through:
- LIC branch offices
- Authorized insurance agents
- LIC-approved online platforms
Frequently Asked Questions
Who Was Eligible for LIC Aadhaar Shila Plan 944?
Female applicants aged between 8 years and 55 years possessing valid Aadhaar cards issued by UIDAI were eligible to purchase the policy.
What Was the Minimum and Maximum Policy Term?
The policy term could be selected between 10 years and 20 years.
What Was the Sum Assured Available Under LIC Aadhaar Shila Plan 944?
The minimum Sum Assured available was ₹75,000, while the maximum Sum Assured was ₹3,00,000.
Were Medical Tests Required to Purchase the Policy?
No, LIC Aadhaar Shila Plan 944 generally did not require mandatory medical examinations for eligible applicants.
What Happened if the Policyholder Died During the Policy Term?
In case of death during the policy term, the nominee received the highest of:
- Sum Assured on Death
- 105% of total premiums paid
- Guaranteed Sum Assured at maturity
along with loyalty additions if applicable.
Could Premiums Be Paid Monthly?
Yes, premiums could be paid through:
- Monthly mode
- Quarterly mode
- Half-yearly mode
- Annual mode
according to the policyholder’s convenience.
Conclusion
LIC Aadhaar Shila Plan 944 remained a women-focused traditional life insurance policy that combined savings benefits with financial protection. Its simple eligibility conditions, flexible premium options, loyalty additions, and no-medical-test feature made it a preferred choice among many female policyholders.
The LIC Aadhaar Shila Plan 944 Calculator also helped users estimate premiums, maturity benefits, and death benefits easily, allowing better financial planning before purchasing the policy.
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