LIC Aadhaar Shila Plan 944 (UIN 512N309V03) is an endowment plan only for women with an Aadhaar card, offering ₹75,000 to ₹3 lakh cover for 10 to 20 years with a loyalty addition at maturity. It succeeded Plan 844 and was withdrawn on 1 January 2025. A 30-year-old woman with ₹3 lakh cover for 20 years pays about ₹14,659 a year.
Aadhaar Shila 944 Premium & Maturity Calculator
Your estimate
- Premium per instalment
- ₹14,659
- Premium paying term
- 20 years
- Total premium paid
- ₹2,93,180
- Loyalty addition (assumed)
- ₹1,20,000
- Sum assured on deathplus loyalty addition after 5 years
- ₹3,30,000
- Approx. return (IRR)
- 3.31%
- Age at maturity
- 50 years
- Total premium paid₹2,93,18070%
- Net gain₹1,26,82030%
Year-wise death benefit
| Policy year | Age at entry | Premium paid | Death benefit |
|---|---|---|---|
| 1 | 31 | ₹14,659 | ₹3,30,000 |
| 2 | 32 | ₹29,318 | ₹3,30,000 |
| 3 | 33 | ₹43,977 | ₹3,30,000 |
| 4 | 34 | ₹58,636 | ₹3,30,000 |
| 5 | 35 | ₹73,295 | ₹3,30,000 |
| 6 | 36 | ₹87,954 | ₹3,66,000 |
| 7 | 37 | ₹1,02,613 | ₹3,72,000 |
| 8 | 38 | ₹1,17,272 | ₹3,78,000 |
| 9 | 39 | ₹1,31,931 | ₹3,84,000 |
| 10 | 40 | ₹1,46,590 | ₹3,90,000 |
| 11 | 41 | ₹1,61,249 | ₹3,96,000 |
| 12 | 42 | ₹1,75,908 | ₹4,02,000 |
| 13 | 43 | ₹1,90,567 | ₹4,08,000 |
| 14 | 44 | ₹2,05,226 | ₹4,14,000 |
| 15 | 45 | ₹2,19,885 | ₹4,20,000 |
| 16 | 46 | ₹2,34,544 | ₹4,26,000 |
| 17 | 47 | ₹2,49,203 | ₹4,32,000 |
| 18 | 48 | ₹2,63,862 | ₹4,38,000 |
| 19 | 49 | ₹2,78,521 | ₹4,44,000 |
| 20 | 50 | ₹2,93,180 | ₹4,50,000 |
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 944?
LIC Aadhaar Shila Plan 944 is a non-linked, participating endowment plan open only to women who hold an Aadhaar card. The policyholder pays premiums for the full term of 10 to 20 years. At maturity she receives the basic sum assured plus a loyalty addition. If she dies during the term, her nominee receives the death benefit.
Plan 944 (UIN 512N309V03) is the successor of Aadhaar Shila 844, which was withdrawn on 1 February 2020. Its male counterpart is Aadhaar Stambh 943. The plan is listed as withdrawn from 1 January 2025, so this page is mainly for existing policyholders.
Aadhaar Shila 944 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 944 / 512N309V03 |
| Who can buy | Women with an Aadhaar card |
| Entry age | 8 to 55 years |
| Maximum maturity age | 70 years |
| Policy term / premium term | 10 to 20 years (premiums throughout) |
| Sum assured | ₹75,000 to ₹3,00,000 |
| Premium modes | Yearly, half-yearly, quarterly, monthly |
| Mode rebate | 2% yearly, 1% half-yearly |
| Loan | After 2 full years’ premiums |
| Revival | Within 5 years of the first unpaid premium |
| Status | Withdrawn from 1 January 2025 |
How the premium is calculated
The calculator applies the plan’s rate per ₹1,000 sum assured for your age and term. It then deducts the mode rebate (2% for yearly, 1% for half-yearly) and the high sum assured rebate of ₹1.50 per ₹1,000 for covers from ₹2 lakh and ₹2 per ₹1,000 at ₹3 lakh.
Example 1: a 30-year-old woman with ₹3 lakh cover for 20 years pays about ₹14,659 a year, or ₹2,93,180 over the term.
Example 2: a 35-year-old choosing ₹2 lakh for 15 years on monthly mode pays about ₹1,015 a month, which adds up to ₹1,82,700 over 15 years.
Until 22 September 2025, GST of 4.5% in the first year and 2.25% after was added to each premium. Individual life policies are now GST-exempt, so the figures above are the full amounts payable.
Maturity benefit
At maturity LIC pays the basic sum assured plus the loyalty addition. The loyalty addition depends on LIC’s experience and is declared at the time of claim, so it is not guaranteed. With an assumed ₹20 per ₹1,000 for each policy year, the 30-year-old’s policy would pay about ₹4,20,000, an approximate return of 3.3% a year. For the 35-year-old’s ₹2 lakh, 15-year policy, the estimate is ₹2,60,000.
Tip: set the loyalty addition field to 0. You will see that the guaranteed ₹3 lakh is only a little more than the ₹2,93,180 paid in Example 1, so most of the gain comes from the loyalty addition.
Death benefit
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. For a ₹3 lakh policy, that is at least ₹3,30,000. After five policy years, the loyalty addition is also paid. The year-wise table in the calculator lists the amount for every year of the policy.
Loan, revival and tax
A policy loan is available after two full years’ premiums. If you miss premiums, you can revive the policy within five years of the first unpaid premium, before maturity. Check what you would get on exit with the surrender value calculator.
Premiums qualify for Section 123 of the Income-tax Act, 2025 (earlier Section 80C) deduction under the old tax regime, and the maturity amount is generally tax-free under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)) because the premium is far below 10% of the sum assured.
How to use this calculator
Enter the details from your policy bond: age at entry, term, sum assured and premium mode. Keep the loyalty addition at ₹20 or change it. The results show the yearly premium, instalment, total premium paid, maturity estimate, sum assured on death and a year-wise death benefit table. All numbers are estimates; LIC’s documents are final. For other savings options, see the LIC endowment plan calculator.
Frequently asked questions
Who is eligible for LIC Aadhaar Shila 944?
Women aged 8 to 55 at entry who hold an Aadhaar card issued by UIDAI. Standard healthy lives are covered without a medical examination. Men had a separate plan, Aadhaar Stambh 943.
Can I still buy Aadhaar Shila 944?
The plan is listed as withdrawn from 1 January 2025, so new policies are no longer issued. Existing 944 policies continue with full benefits. Women looking for a new plan can compare LIC Bima Lakshmi Plan 881.
What is the premium of Aadhaar Shila 944 for ₹3 lakh?
Our calculator estimates about ₹14,659 a year for a 30-year-old woman on a 20-year term, and about ₹24,243 a year on a 10-year term, after the yearly-mode and high sum assured rebates. No GST applies from 22 September 2025.
How much will I get at maturity in Aadhaar Shila 944?
You receive the basic sum assured plus the loyalty addition LIC declares at maturity. With ₹3 lakh cover for 20 years and an assumed ₹20 per ₹1,000 a year, the estimate is about ₹4,20,000. Without any loyalty addition, the guaranteed amount is ₹3 lakh.
What is the death benefit in Aadhaar Shila 944?
The nominee receives the higher of 110% of the basic sum assured or 7 times the annual premium, never less than 105% of premiums paid. After five policy years, the loyalty addition is added to the claim.
How is Aadhaar Shila 944 different from 844?
The structure is the same, but 944 lets you take a loan after two full years' premiums instead of three, allows revival within five years of the first unpaid premium and uses revised premium rates. Our estimate for ₹3 lakh at age 30 over 20 years is ₹14,659 under 944 against ₹16,452 under 844.
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.