LIC's AADHAAR STAMBH (943)


LIC’s Aadhaar Stambh:::

  •  LIC’s Aadhaar Stambh Plan is a participating endowment plan which is available only for Males.  
  •  LIC’s Aadhaar Stambh Plan can only be purchased by those who have an Aadhar Card. 
  • LIC’s Aadhaar Stambh Plan offers a combination of protection and savings. 
  • In case of death of the policyholder, the plan will offer a cover amount to the nominee. The policyholder will get a lump sum as Maturity Benefit.


Eligibility


Entry Age Min. Age - 8 years (completed)
Max. Age - 55 years (nearest birthday)




Polocy Term Min. Term - 10 Years
Max. Term - 20 Years


Premium Payment Mode Yearly, Halfly, Quarterly, Monthly (NACH)


Sum Assured Min. S.A -  75,000
Max. S.A - 3,00,000


Policy Benefits
 Death benefit     Basic Sum Assured
    10 times the Annualized Premium
    105% of all premiums paid till date of death

The premiums mentioned above refer to premiums without the tax component and also does not consider any rider premiums.

Loyalty Additions, if declared will be payable as part of the Death Benefit in case the death occurs after 5 policy years.
Maturity At the end of the policy term, the policyholder will receive the following:

    Basic Sum Assured
    Loyalty Additions, if declared
Surrendered Value Policy can be surrendered at any time during the policy term provided at least 2 full years premiums have been paid


Loan  Loans are available provided if at least 2 full years’ premiums have been paid


Income Tax Benefit Premium paid under this plan is eligible for TAX rebate under section 80c.
Maturity Under this plan is free under sec 10(10D)


Documents would be required Recent colored photograph of the life insured and proposer

Identity proof like Voter’s ID Card, PAN Card, Aadhar Card, Driving License, Passport, etc.

Address proof like Voter’s ID Card, Driving License, Passport, Electricity bill, telephone bill, etc.

Age proof like passport, voter’s ID Card, Aadhar card, etc. 

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