LIC Aadhaar Stambh is an insurance plan which provides both protection and savings. It is only for male applicants and an Aadhaar card is mandatory. Some of the benefits offered are death and maturity benefit as well as add-on riders.
If you are looking for an insurance plan which gives the combined benefit of savings and protection, then the LIC Aadhaar Stambh is the right plan for you. This is a non-linked, with-profit endowment assurance life insurance plan which is offered exclusively to male applicants who hold an Aadhaar Card. In case of the sudden death of the insured policyholder before the end of the plan term, his/her nominees will be entitled to the death benefit which will help take care of the family’s future needs. In case the policyholder survives the policy term, they will be entitled to a maturity benefit which is paid in lump sum.
Eligibility for LIC Aadhaar Stambh
This is a non-linked, with-profit endowment assurance life insurance plan available only for male applicants holding an Aadhaar Card
Min. entry age
The applicant must at least be 8 years of age when first applying for the plan
Max. entry age
The applicant must not be above 55 years of age when applying for the plan for the first time
Max. maturity age
The applicant’s maximum age at the time of plan maturity must not be above 70 years
The min. basic sum assured offered under the plan is Rs.75,000; the max. basic sum assured is Rs.3,00,000; basic sum assured will be provided in multiples of Rs.5,000
This policy will be issued for a term of 10 years to 20 years
Premium payment term
The premium payment term for this plan will be the same as the policy term
Date of risk commencement
The risk coverage under this plan will commence immediately from the date of policy issue
Payment of Premiums
Premiums for the plan can be paid on an annual, semi-annual, quarterly, or monthly basis; premium payment on a monthly basis will only be allowed under the NACH method
Benefits Offered Under LIC Aadhaar Stambh
If the life assured dies before the end of the policy term, their nominee will be entitled to a death benefit, on the condition that all due premiums have been paid.
If the policyholder dies during the first 5 ears of the policy tenure, the “Sum Assured on Death” will be payable. If the policyholder dies after the policy has completed 5 years, then the “Sum Assured on Death” plus the Loyalty Addition (if any) will be payable.
Here, the sum assured will be the greatest of (i) 10x of the annualised premium; OR (ii) sum assured on maturity; or (iii) basic sum assured. The death benefit offered will not be below 105% of the total sum of premiums paid till the date of death.
If the life assured survives the policy term, and have paid all due premiums, they will be entitled to the maturity benefit or ‘sum assured on maturity’, along with any Loyalty Addition.
The ‘sum assured on maturity’ will be equal to the Basic Sum Assured.
The policyholder has an option of availing LIC’s Accident Benefit Rider (UIN: 512B203V02). Rider sum assured cannot exceed the Basic Sum Assured.
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I have taken a life insurance in LIC on five years before. The policy is for 20 years. I am paying premium in the quarterly package the amount which is nominal for me. While getting a policy the agent has given an information about the policy details.
On 10 years before, I took life insurance policy for my spouse in LIC with tenure period of 15 years. Since its money back policy, 5 years once I got amount of 5K which I have received for twice . I use to pay premium on quarterly basis of the amount of 3087 rupees which is nominal. The agent has given an information about the policy details and provided hard copy of documents on time.
I have taken a life insurance in LIC on 9 years before. Tenure period of 15 years. I am paying premium on half yearly package the amount of 6490 rupees which is nominal. The agent has given an information about the policy details. It covers myself and the policy name is Jeevan Anand.
I have taken Life Insurance policy directly through LIC agent .This was a maturity benefit policy for the tenure of 21 years.I am paying the premium on monthly basis .I am paying the premium through online .This policy is still alive and all the details about the policy was clearly explained by the agent.
HDFC Life is one of the worst companies you would want to take your life insurance from. I am writing this review with my personal experience + experiences of some other users who purchased the policy. They are running a scam where about 1 yr after issuing your policy, they automatically cancel it, citing "non disclosure of pre-existing illness" as the reason. The same thing happend with me and many others. I have no such reported illness of any kind. And even if I had, why was the policy issued in the first place? Upon my request to provide an explanation or more detail about this 'illness', no respone was given to me, neither by HDFCLife nor by Policybazaar, through which I had purchased this policy. I was cheated of my one-year premium amount and my policy was lapsed.
If you are at all serious about preserving your mental and financial well-being, do not go anywhere near any of these two companies. They are the biggest fraud in the life insurance market.
I have taken Life Insurance policy directly through LIC agent .This was a maturity benefit policy for the tenure of 15 years .This policy is still alive and got all the relevant details about the policy through the agent .The policy documents was shared on time .I am comfortable with the service.
I have taken Life Insurance policy which was taken through LIC agent.This was an endowement policy and paying the premium on yearly basis .The policy tenure is for 15 years and paying the premium through the agent .This policy is still active and i am comfortable with the service .
Bajaj Allianz life insurance is very flexible. I have taken a policy. The Premium was given as per my budget. Plans and benefits are great, If anyone wants to go a life insurance my first suggestion will be Bajaj Allianz life insurance. Thanks
I took my life insurance policy from LIC around 5 years back and this policy is going to matured in the year of 2026. It was for the safety and protection for the family. I have selected the payment option as very half year and i pay the premium amount of Rs. 2000. I will give the cash to my agent and he will pay in the LIC office.
LIC policy is safe and if you have a long term policy, it will be useful. If i go to their office, the response is fine. They have a good portal to know about the payment premium amount and existing policy details. I make the premium through online. I took the money back policy and it got matured already.
In LIC website, they are updating the policy details on a timely basis. I took my retirement plan in life insurance corporation of India. For the safety purpose, i have selected this company. I am investing the money of Rs. 10K every month. I get the returns after my age of 56. This is a tax benefitable policy.
I have taken money back policy from LIC its because of the safety reason. I have been investing the money of Rs. 10K every month. I purchased the policy 4 years ago. They are providing the sum assured amount of Rs. 1.2 lakhs. This is a tax beneficial policy. I make the premium amount through online.
I didn't use the customer care service till now in LIC where i have taken my life insurance policy. I'm not sure about the plan name but i pay the premium every year once. I have been paying the premium amount of Rs. 17699 and total term period of the plan is 16 years. For the savings purpose, i have chosen LIC.
I have taken Life Insurance policy directly through LIC agent .This policy tenure is 10 years .I am paying the premium through Half yearly basis and paying the premium through Online .The agent gave a clear picture about the policy and not yet faced any difficulties .I am satisfied with the service so far .
I have taken a life insurance in LIC since 1990. This policy term is 20 years. I am paying premium on monthly package and the amount which is nominal. I am paying premium in a cheque mode. While getting a policy my agent has given an information about the policy details and this is a money back policy.
I have taken Life Insurance policy taken through LIC agent.This was a Maturiy benefit policy and each and every details was shared by the agent .This policy is still active and there was no difficulties faced as well. Overall am happy with it.
I have taken a life insurance in LIC on 9 years before. Tenure period of policy is 20 years. I am paying premium on quarterly package the amount of 3K which is nominal. Agent is my neighborhood so he has given an information about this policy. It covers my whole family.
I have taken a life insurance in LIC on 3 years before. The policy is for 16 years. I am paying premium on monthly package the amount of Rs. 17k which is nominal. I am paying premium manually. While getting a policy my agent has given an information about the policy details. It covers myself. It is a jeevan anadha policy
LIC plan is a savings cum income plan and i get the good returns in future. Its covers for life. I took the policy through agent who is my relative recommended me about this policy. My father is taking care of the premium part hence I'm not sure about the coverage value.
I have taken a life insurance policy from LIC more than 5 years.The agent is very supportive and providing proper guidance and this is a JEEVAN ANAND policy. Policy is valid for life long and the tenure is 20 years after some years. I am paying annual premium is Rs.24k, this is a death benefit plan after that my wife will be getting some returns.