LIC Aadhar Stambh: LIC Aadhar Stambh plan is a life insurance plan. It is a non-linked, endowment plan with regular premium and maturity benefits.
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This is a new plan of LIC which is not linked with the share market in any way. This plan is specially designed for men.
In this Aadhar Stambh scheme a person cannot buy Sum Assured more than 3 lakhs. Apart from this, you do not need to give any kind of medical statement or report in LIC Aadhar Stambh plan.
LIC Aadhar Stambh and LIC’s Aadhar Shila Yojana was launched specifically to promote Aadhar Card by goverment of india.
This scheme was started so that whoever has Aadhar card can buy this scheme. Because in Aadhar stambh plan, you get the facility of low premium, accidental death rider, non-medical, auto-cover and maturity benefit.
People who have Aadhar card can avail many benefits under this scheme. But now LIC has told in a new update that people who do not have Aadhar card can also buy Aadhar stambh scheme of LIC.
Now everyone can buy this plan. But it is to be kept in mind that the Aadhaar stambh scheme of LIC has been specially designed for men. If someone is a woman then they should look at LIC’s Aadhar Shila Plan.
LIC’s Aadhar Stambh Eligibility & Benefits Of LIC 943
Let us know more about LIC’s Aadhar stambh scheme.
| Insurance Plan | LIC Aadhar Stambh Plan |
| Table No. | 943 |
| Insurance Company | LIC of India |
| Gender | Only for male |
| Age | 8 – 55 Years |
| Term | 10 to 20 Years |
| Sum Assured | 75000 – 300000 |
| Loan Facility | After 2 years |
| Surrender Facility | After 2 Years |
| Income Tax | Section 80C and 10/10d |
| Plan Availability | Offline |
| Medical Statment | Not Requird |
LIC Aadhar Stambh Plan:
- LIC Aadhar stambh plan is only for men.
- It is a non linked insurance plan which means it has no link with the stock market.
- In the Aadhar stambh plan, you get an extra 10% sum assured.
- In this plan, a person can take total sum assured of 3 lakhs in the Aadhar stambh plan.
- The minimum sum assured is 75,000 and the maximum is 3,00,000 in the Aadhar stambh scheme.
- The insurance period in LIC Aadhaar stambh is 10 years to 20 years.
- The premium modes of this plan are Annual, Half Yearly, Quarterly and Monthly.
- The age limit is 8 years to 55 years.
- Loan facility is available in this scheme after 2 years.
- Aadhar stambh plan can be closed after 2 years by surrendering.
- Income tax benefit is avaiable in this plan.
- There is no deduction of income tax in the maturity benefit of this scheme.
- Death Benefit and Accidental Death Benefit are available in Aadhar Stambh plan.
- There is maturity benefit in LIC Aadhar stambh plan.
- You can buy this plan through LIC insurance agent.
LIC Aadhar Stambh plan is a great insurance plan. Any general category person can buy this insurance plan.
For information, let me tell you that the Aadhar stambh scheme is such an insurance plan which is available in the budget of every person. Those people who do not have good income, they can also protect their family with Aadhar stambh life insurance policy.
LIC Aadhar Stambh Maturity Benefits:
Aadhar Stambh is an endowment plan hence maturity benefit along with insurance cover is available in this plan. After the completion of the term of the insurance policy, the policy holder receives the maturity benefit.
All the premiums paid by the policyholder for the entire term are returned along with bonus at maturity. Sum assured and bonus is available in the maturity benefit of Aadhar stambh scheme.
If we talk about withdrawing the maturity benefit, then the process of taking the maturity benefit of LIC is very easy. You can withdraw LIC maturity by filling your policy bond, PAN card, bank account and maturity form.
A special feature of this scheme is that you do not have to pay any income tax under section 10/10D in the maturity benefit of Aadhaar stambh plan.
LIC Aadhar Stambh Death Benefit:
You get insurance cover in LIC Aadhar stambh plan. On the other hand, God forbid after buying the insurance policy, if the policy holder dies, then the nominee in the policy gets the death benefit.
The only condition is that the insurance policy should not lapse. The special thing is that in this plan you get an additional 10 percent sum assured insurance cover.
In Aadhar stambh policy, if the policy holder dies, the nominee gets sum assured and bonus (if any bonus).
Let me tell you one thing that if you do not know about Sum Assured, then you should read our previous post. Please read this post – Sum Assured in Hindi
LIC Aadhaar Stambh Accidental Death Benefit:
Accidental Death Benefit is available in Aadhar Stambh Scheme. In this plan, you can take Disability and Accident Benefit Rider, under which you get the cover of accidental death benefit.
Insurance coverage of accidental death benefit in Aadhar Stambh plan remains the same as your Basic Sum Assured. For example, if you have taken a aadhar stambh policy of 2 lakhs, then accident death is covered only 2 lakhs in this policy.
If you want to know more about Accidental Death Rider then comment below. We will write a separate post for you in which we will give complete information about Disability and Accident Benefit Rider.
The special thing in this plan is that the coverage of Accidental Death Rider is that it will cover only till the age of the policy holder 70.
LIC Aadhaar Stambh Premium Payment:
In LIC Aadhar Stambh plan, you are given a tenure of 10 years to 20 years. This means that for the number of years you choose, you will have to pay premiums.
Because it is a regular premium paying insurance plan. Apart from this, the facility of paying annual, half-yearly, quarterly and monthly premium is available in Aadhar Stambh plan.
In the same premium payment mode, you get the facility of grace period. If you don’t know what is grace period then you can watch our youtube video.
The special thing about LIC Aadhar Stambh plan is that you have to pay less premium in this plan. If anyone is looking for an insurance policy with a small premium, then he should look at LIC’s Aadhar Stambh plan.
LIC Aadhaar Stambh Income Tax Benefits:
For example, income tax benefits are available in every insurance plan of LIC. If you are income tax payer then it is a good thing for you that there is income tax benefit in this scheme.
In LIC’s Aadhar Stambh plan, you get income tax exemption under section 80C. At the same time, there is no deduction of any income tax under section 10/10D in the maturity benefit received from this scheme.
For income tax exemption, you can take premium paid certificate from LIC branch office.
LIC Aadhaar Stambh Loan & Surrender:
In LIC’s Aadhar Stambh plan, the facility to take a loan after 2 years and to close the insurance policy by surrender is available. If you want to get information about LIC loan then read this post.
Guaranteed surrender value is available in this plan. But it depends on the term of the insurance policy and after how many years the insurance policy will be surrendered.
The special thing about the Aadhar Stambh scheme is that this scheme has to be applied for surrender and loan from the servicing branch. If you have any question, comment below or watch our youtube video.
LIC Aadhar Stambh Documents:
As the Aadhaar stambh plan is only for men. So let us know which documents are required to buy LIC policy.
Documents:
- Aadhar Card or Voter ID Card
- PAN Card
- Bank Passbook
- Photo 1 Copy
- Vaccinited Certificate
You can buy this plan through LIC insurance agent. Keep in mind that this plan is not available online. Contact LIC agent for life insurance policy.
conclusion:
LIC Aadhar stambh plan is a great insurance plan for men. Many things related to this scheme have been discussed above. If you like this information then share it with your friends on social media.
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