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 used for 12 years, i have used the MONEY BACK i have received the amount for 4 years once. The maturity period is for 12 years and it gives the policy coverage is for self. The sum assured given with the policy was good. The customer support is good.
Since its long time term policy. If anything happens the policy covers for life and family will get secured. Last 6 years before, I took this policy. LIC is a government company and they are trustable hence I have purchased the policy with them. I have been paying the premium amount of Rs. 26026 for every six months. Iâ??m satisfied with the sum assured amount.
I have term plan with HDFC life, I have chosen the sum assured of Rs. 75 lakhs it has the duration of 50 years, life cover is upto 75 years. I make the premium around Rs. 800 per month, it has tax cover, critical illness, waiver on premium at disability. Cancer and Heart attack cover is also there.
The reason for getting the policy is because it has provided with the good service. I am using the plan from last more than 20 years. The maturity period is for 30 years and the coverage is for self. The premium paying for yearly once as 12K with the policy.
I have got the policy along with the home loan taken the DHFL. The maturity period is for 15 years where 10 years i have to pay for yearly once of 25K. It is a TERM PLAN, the documentation process was done and i have received the hard copy too of the policy.
I am holding the JEEVAN ANAND plan with LIC where i am using from last 11 years, the reason for taking the policy is it is good. The maturity period of the policy is for 25 years, the premium paying for monthly once. The coverage is for self with the policy.
I have taken a life insurance in LIC on 10 years before. The policy is for 20 years. I am paying premium in the quarterly package. While getting a policy my agent has given an information about the policy details and provided hard copy documents on time. I use to do payment by providing a cheque to an agent.
I have taken a term insurance in SBI LIFE on 3 years before.The policy is money back for 10 years. I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details and delay to provide the documents. At an initial they have told to pay only for 3 times but later it for 7 years.
I have taken a life insurance in LIC before 4 years ago. The policy is for 20 years. I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details and provided hard copy documents on time. I use to pay the amount to an agent.
I have multiple policy with LIC and am just paying the policy, not availed the benefits. I pay online and never contacted the customer support. I am paying yearly 1.5L and the payment mode is easy. I took this policies for future savings and tax benefits.
I have taken a life insurance in LIC on 2 years before. The policy is for 15 years.I am paying premium in the quarterly package. While getting a policy my agent has given an information about the policy details and received a hard copy documents on time. Use to do payments by visiting directly to office.
I pay Rs. 50,000 per annum for multiple policies and it has different tenure period and all has tax saving coverage. Even the sum assured is get vary according to the payment which we pay. The agents are professional, I would like to recommended these policies to all.
At the time of my invest, LIC was a best company. I have chosen the policy 10 years back. I am paying the premium amount of Rs. 10,718 for the term period of 20 years. I select the annual payment mode. I will get a sum assured amount of Rs. 2 lakhs.
Life Insurance Corporation of India have given me a good amount money when it is paid back. I have invested a money of Rs. 1 lakhs and i have received Rs. 1.73 lakhs after 16 years with a maturity. I make the premium through my account as a Standing instructions.
I am using the accidental policy where using from last 8months with HDFC LIFE. The premium paying was monthly once with the insurance policy. The benefits with the policy is good but i have not received the hard copy, coverage is for 20L.
I am using the JEEVAN ANAND plan since from last 12 years with LIFE INSURANCE CORPORATION OF INDIA the maturity period is for 20 years with the insurance policy. The premium paying was yearly once, it gives the policy coverage for self.
I have taken a Pradan Mantri Plan from SBI Life when it was launched. I am paying 300 rupees annually for myself and my wife. I think, if accidental death is happened then the benefits can be claimed. I have enabled auto debit option for the payment.
I took a money back policy with Bajaj Allianz and the policy period is 16 years. It was recommended by one of my colleague. I have received the insurance copy and the payment mode is easy. It was taken for future savings because I am blessed with 2 daughters.
I have taken 3policies with LIC, all are endowment policies. LIC is a trusted company and they are reliable in India so have interested to take a policy. I am happy with the benefits. I need to pay the premium for 21 years. Previously I made cash payment and now its convenient to pay online.
No reason for choosing my insurance policy from HDFC. For income tax returns i bought the policy. I'm paying the premium upto 7 years and after 10 years i will get the returns to my account. I have been paying the premium amount of Rs. 12148 which is a annual payment. The premium is auto deducted from my account