Life Insurance Corporation of India (LIC) has introduced Aadhaar Stambh LIC Policy. This policy is for the ones who want to invest small sums within a period of time. Aadhaar Stambh LIC Policy is for male Aadhaar card holders. So, if you think that making money is tough, then try opting for this new LIC policy. LIC Aadhaar Stambh Policy is likely to benefit our farmers who look for investing small amounts & that too over a period of time.
LIC Aadhaar Stambh Premium Calculator Investment:
It is a low premium small saving scheme, where investors can invest an annual premium of Rs 10,314 or Rs 28 per day & get a maturity amount of Rs 3.97 lakh in return. Interestingly, the new LIC policy will also give investors death benefits.
What are the Benefits of LIC Aadhaar Stambh Policy?
According to Jitendra Solanki, a SEBI registered tax & investment expert, "LIC Aadhaar Stambh is a small saving scheme of the LIC of India. It is an insurance plan which gives protection and savings. Popularly it is known as Aadhaar Stambh Plan 843, which is only for male applicants & having an Aadhaar card is mandatory for buying this LIC plan. Few of the benefits offered in this small saving premium scheme are death and maturity benefits & add-on riders."
Features of LIC Aadhaar Stambh Policy:
Solanki added, “The policy is non-linked, with-profit endowment assurance life insurance plan which is offered exclusively to male applicants who hold an Aadhaar Card. If sudden death of the policyholder before the maturity of the LIC plan, nominees will be entitled to the death benefit, which will help them meet the family’s future needs. But, when the policyholder survives the policy term, he will be entitled to a maturity benefit, which is paid in lump sum.”
Eligibility of LIC Aadhaar Stambh Policy:
The male Aadhaar card holders who want to buy this LIC Policy should be in the age group of 8 to 55 years. The applicant’s maximum age at the time of plan maturity must not be above 70 years.
The minimum basic sum assured offered under this policy is Rs 75,000 & the maximum basic sum assured is Rs 3,00,000.
The basic sum assured is provided in multiples of Rs 5,000. The LIC Aadhaar Stambh Policy is offered for the period of 10 years to 20 years. The risk coverage under this plan commences immediately from the date of policy issue.
Therefore, the applicants opting for this LIC policy are expected to get a lump sum maturity amount of Rs 3.97 lakh after investing for 20 years. This policy can also be bought in the name of one's minor male child who is above 8 years of age.
