LIC Aadhaar Shila Plan 844 was a small-ticket endowment plan only for women with an Aadhaar card, sold from 24 April 2017 to 1 February 2020. Cover ranged from ₹75,000 to ₹3 lakh for 10 to 20 years, and maturity pays the sum assured plus loyalty addition. A 30-year-old woman with ₹3 lakh cover for 20 years pays about ₹16,452 a year.
Aadhaar Shila 844 Premium & Maturity Calculator
Your estimate
- Premium per instalment
- ₹16,452
- Premium paying term
- 20 years
- Total premium paid
- ₹3,29,040
- Loyalty addition (assumed)
- ₹1,20,000
- Sum assured on deathplus loyalty addition after 5 years
- ₹3,30,000
- Approx. return (IRR)
- 2.27%
- Age at maturity
- 50 years
- Total premium paid₹3,29,04078%
- Net gain₹90,96022%
Year-wise death benefit
| Policy year | Age at entry | Premium paid | Death benefit |
|---|---|---|---|
| 1 | 31 | ₹16,452 | ₹3,30,000 |
| 2 | 32 | ₹32,904 | ₹3,30,000 |
| 3 | 33 | ₹49,356 | ₹3,30,000 |
| 4 | 34 | ₹65,808 | ₹3,30,000 |
| 5 | 35 | ₹82,260 | ₹3,30,000 |
| 6 | 36 | ₹98,712 | ₹3,66,000 |
| 7 | 37 | ₹1,15,164 | ₹3,72,000 |
| 8 | 38 | ₹1,31,616 | ₹3,78,000 |
| 9 | 39 | ₹1,48,068 | ₹3,84,000 |
| 10 | 40 | ₹1,64,520 | ₹3,90,000 |
| 11 | 41 | ₹1,80,972 | ₹3,96,000 |
| 12 | 42 | ₹1,97,424 | ₹4,02,000 |
| 13 | 43 | ₹2,13,876 | ₹4,08,000 |
| 14 | 44 | ₹2,30,328 | ₹4,14,000 |
| 15 | 45 | ₹2,46,780 | ₹4,20,000 |
| 16 | 46 | ₹2,63,232 | ₹4,26,000 |
| 17 | 47 | ₹2,79,684 | ₹4,32,000 |
| 18 | 48 | ₹2,96,136 | ₹4,38,000 |
| 19 | 49 | ₹3,12,588 | ₹4,44,000 |
| 20 | 50 | ₹3,29,040 | ₹4,65,492 |
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is LIC Aadhaar Shila Plan 844?
LIC Aadhaar Shila Plan 844 is a regular-premium endowment policy designed only for women who hold an Aadhaar card. It combines modest life cover with savings: the policyholder pays premiums for the whole term, and at the end she receives the sum assured plus a loyalty addition. If she dies during the term, her nominee gets the death benefit.
The plan (UIN 512N309V01) was launched on 24 April 2017 alongside its male counterpart, Aadhaar Stambh 843. It was withdrawn on 1 February 2020 and followed by Aadhaar Shila 944. Existing 844 policies continue unchanged.
Aadhaar Shila 844 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 844 / 512N309V01 |
| Who can buy | Women with an Aadhaar card |
| Entry age | 8 to 55 years |
| Maximum maturity age | 70 years |
| Policy term | 10 to 20 years |
| Premium paying term | Same as policy term |
| Sum assured | ₹75,000 to ₹3,00,000 |
| Medical exam | Not required for standard lives |
| Loan and surrender | After 3 full years’ premiums |
| Status | Withdrawn on 1 February 2020 |
How the premium is calculated
The yearly premium depends on age at entry and term. The calculator uses the plan’s rate per ₹1,000 sum assured and then applies two rebates:
- Mode rebate: 2% of the tabular premium for yearly payment, 1% for half-yearly.
- High sum assured rebate: ₹1.50 per ₹1,000 for covers of ₹2 lakh to ₹2.9 lakh, and ₹2 per ₹1,000 at ₹3 lakh.
Example: a 30-year-old woman takes ₹3 lakh for 20 years and pays yearly. Her premium is about ₹16,452 a year, or ₹3,29,040 over the full term. A 35-year-old choosing ₹2 lakh for 15 years on monthly mode pays about ₹1,225 a month.
GST at 4.5% in the first year and 2.25% after was charged on these premiums until 22 September 2025. From that date individual life policies are GST-exempt, so the calculator shows the premium without any tax.
Maturity benefit and loyalty addition
On survival to the end of the term, LIC pays the basic sum assured plus a loyalty addition. The loyalty addition is not guaranteed. LIC declares it only when a claim becomes payable, based on its experience.
The calculator asks you to assume a rate per ₹1,000 sum assured per policy year. At ₹20, the 30-year-old’s ₹3 lakh policy would mature at about ₹4,20,000, which is an approximate yearly return of 2.3% on her premiums.
Tip: set the loyalty addition to 0 to see the guaranteed part. For the example above, that is ₹3,00,000 against ₹3,29,040 paid, which shows how much of the return depends on the loyalty addition.
Death benefit
If the policyholder dies during the term, the nominee receives the sum assured on death. This is the higher of 110% of the basic sum assured or 7 times the annual premium, and never less than 105% of the premiums paid. For ₹3 lakh cover, that means at least ₹3,30,000. If death occurs after five policy years, the loyalty addition is paid too. The calculator’s year-wise table shows the amount for every policy year.
Loan, surrender and tax
A loan and surrender value become available after three full years’ premiums. Before that, a policy that stops paying lapses. Use our surrender value calculator if you are thinking of closing the policy.
Premiums qualify for Section 123 of the Income-tax Act, 2025 (earlier Section 80C) deduction under the old tax regime. Since the premium stays well within 10% of the sum assured, maturity is generally tax-free under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)).
Who holds this plan today?
With its low premiums, small cover and no medical exam, the plan suited first-time buyers, homemakers and young women who wanted a disciplined way to save. If you hold an 844 policy, keeping it to maturity is usually the best option. Women looking for a new policy can compare the current women-only LIC Bima Lakshmi Plan 881.
How to use this calculator
Enter the age at entry, term, sum assured and premium mode from your policy bond. Keep or change the loyalty addition assumption. The results show the yearly premium, instalment, total premium paid, maturity estimate, sum assured on death and a year-wise death benefit table. All figures are estimates; your bond and LIC’s claim letter are final.
Frequently asked questions
Who could buy LIC Aadhaar Shila Plan 844?
Only women holding an Aadhaar card issued by UIDAI, aged 8 to 55 at entry. Standard healthy lives could get cover without a medical examination. The male version of the same idea was Aadhaar Stambh Plan 843.
Is Aadhaar Shila 844 still available?
No. Plan 844 was withdrawn on 1 February 2020 and was followed by Aadhaar Shila Plan 944. Existing 844 policies continue with their original terms until maturity or claim.
What is the premium for ₹3 lakh in Aadhaar Shila 844?
Our calculator estimates about ₹16,452 a year for a 30-year-old woman on a 20-year term, after the yearly-mode and high sum assured rebates. The same cover over 10 years costs about ₹29,094 a year.
What is the maturity benefit of Aadhaar Shila 844?
At maturity the policyholder receives the basic sum assured plus a loyalty addition, if LIC declares one. With ₹3 lakh cover for 20 years and an assumed loyalty addition of ₹20 per ₹1,000 a year, the estimate is about ₹4,20,000.
What happens if the policyholder dies during the term?
The nominee receives the sum assured on death: the higher of 110% of the basic sum assured or 7 times the annual premium, and never less than 105% of premiums paid. If death happens after five policy years, the loyalty addition is added.
When can I take a loan or surrender Aadhaar Shila 844?
Both loan and surrender were available after at least three full years' premiums had been paid. If you stop paying earlier, the policy lapses without value, so try to revive it instead.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.