LIC Aadhaar Shila Plan 944

Life Insurance Corporation of India (LIC) is one of the most trusted names when it comes to life insurance plans. The LIC Aadhaar Shila Plan 944 is a unique life insurance scheme specially designed for women policyholders who hold an Aadhaar card issued by the Unique Identification Authority of India (UIDAI). It is a combination plan that provides both savings and life protection benefits.

What is LIC Aadhaar Shila Plan 944?

The Aadhaar Shila Plan (Plan Number 944, UIN: 512N309V02) is an individual, non-linked, participating life insurance policy primarily aimed at protecting the financial interests of women. It offers a blend of protection and savings by providing financial support to the family in case of the untimely death of the insured before maturity and a lump sum payout at the policy’s maturity if the policyholder survives.

The plan also includes benefits like liquidity options through policy loans and auto cover facilities to meet emergencies.

Launch and Withdrawal Dates

• Launch Date: The LIC Aadhaar Shila Plan 944 was launched on 1st February 2020 to provide a dedicated life insurance product for women policyholders with an Aadhaar card.
• Withdrawal Date: As per current LIC updates, this plan is still active and not withdrawn. (Plans with withdrawal information are listed on LIC’s official website for withdrawn plans. Aadhaar Shila 944 is not in the withdrawn list as of September 2025.)

For accurate official details and periodic updates about plan status, refer to LIC India’s official website.

Key Features of LIC Aadhaar Shila Plan 944

The plan offers several user-centric features:

Benefits of LIC Aadhaar Shila Plan 944

Life Cover

In case of the death of the policyholder during the policy term, provided all due premiums have been paid, the nominee will receive the Sum Assured on Death. This amount is the highest of:

• Sum Assured on Death as per the plan,
• 105% of the premiums paid up to the date of death,
• Guaranteed Sum Assured at maturity.

If the death occurs after 5 policy years, the nominee also receives Loyalty Additions (bonuses) if any are declared by LIC.

Maturity Benefit

If the policyholder survives the policy term, a lump sum amount equal to the Basic Sum Assured plus any Loyalty Additions will be paid. This provides long-term savings that can be used for future financial needs.

Loan Facility

Policyholders can avail of a loan against the policy after paying premiums for at least 2 years. This helps in meeting urgent liquidity needs without surrendering the policy.

Rebates

Premium payment mode rebates provide savings on premiums payable annually or semi-annually.

Eligibility and Conditions

• Female applicants aged between 8 and 55 years.
• Policy term can be selected from 10 to 20 years.
• Minimum sum assured is Rs. 75,000 and can go up to Rs. 3,00,000.
• Premium payment modes can be annual, half-yearly, quarterly, or monthly.
• Grace period for premium payments varies with mode (30 days for yearly premiums, 15 days for monthly payments via NACH).

How to Use LIC Aadhaar Shila Plan 944 Calculator?

The LIC Aadhaar Shila Plan calculator is an online tool that helps estimate the premium amount payable by the policyholder based on their age, sum assured, and policy term. It is also useful in understanding the maturity benefits and death benefits for different scenarios.

Steps to Use the Calculator:

1. Enter Age: Input the age of the female policyholder (between 8 to 55 years).
2. Select Term: Choose the policy term (between 10 to 20 years).
3. Enter Sum Assured: Choose the desired sum assured amount (Rs. 75,000 to Rs. 3,00,000).
4. Choose Premium Mode: Pick the premium payment frequency – annual, half-yearly, quarterly, or monthly.
5. Calculate Premium: Click on the calculate button to get the approximate premium payable and expected benefits.

This calculator helps in financial planning by providing clarity on the regular premium commitment and expected returns or payouts.

Why Choose LIC Aadhaar Shila Plan 944?

• Exclusively for Women: It is designed to protect women financially, acknowledging their specific life needs and uncertainties.
• No Medical Tests: The plan is simple and does not require medical examinations, making it accessible.
• Dual Benefit: Offers both life protection and savings in a single plan.
• Reputation of LIC: LIC’s credibility as a government-owned insurer assures security and reliable claim settlement.
• Flexible Premium Payment: Multiple payment modes allow convenience.
• Easy Loan Facility: Policy loans help meet emergencies without disturbing the policy.
• Loyalty Additions: Bonus payouts add to returns after a few years.

Comparisons with Other LIC Plans

Unlike pure protection plans, Aadhaar Shila combines savings and protection, making it an ideal choice for women looking for an investment with insurance cover. It differs from traditional endowment plans with its focus on the Aadhaar cardholder demographic and no medical test feature.

For comparison with other LIC plans like Jeevan Labh or Pradhan Mantri Jeevan Jyoti Bima Yojana.

Important Points to Remember

• The plan is only available for females having Aadhaar cards issued by UIDAI.
• Premiums should be paid regularly; missing premiums can lead to policy lapses.
• Optional riders are available to enhance coverage but will increase premium cost.
• Surrender and revival conditions apply as per LIC norms.
• Always read the plan brochure carefully or consult LIC agents for personalized advice.

How to Buy LIC Aadhaar Shila Plan 944?

You can purchase the LIC Aadhaar Shila Plan through:

• LIC Branch Offices
• Licensed Insurance Agents
• Online platforms authorized by LIC

Frequently Asked Questions

Conclusion

This comprehensive guide to the LIC Aadhaar Shila Plan 944 and its calculator helps you understand the plan’s benefits, eligibility, and how to use the calculator tool to make informed decisions. Always verify current details from the official LIC site before purchasing the plan.