Lic Aadhaar Stambh Plan is a special feature that it also offers death benefit to LIC’s low premium small savings scheme investors. According to information available on LIC website (licindia.in) LIC Aadhaar Stambh is an insurance policy.
New Delhi: If you want to become Lakhpati or Crorepati, then you should take small steps for this. Often people dream of becoming rich in a very short time and when they are not successful, they become desperate. At present, there are many investment options in which you can make a good fund by investing a small amount every month. Life Insurance Corporation of India (LIC) has a number of small savings schemes where the subscriber has to pay a very small premium.
Aadhaar Stambh (Plan-943) is also a similar scheme of LIC, where you can earn big profits on maturity. This scheme is for Aadhaar cardholder men. Subscribers can get around Rs 4 lakh at the time of maturity in this scheme.
The special thing is that this LIC’s low premium small savings scheme also provides death benefit to the investors. According to information available on LIC’s website (licindia.in), LIC Aadhaar Stambh is an insurance policy that provides both protection and savings. This scheme is for men only and it is mandatory to have an Aadhaar card to purchase this policy.
LIC Aadhaar Stambh In case of accidental death of the policyholder before the completion of the policy term, the death benefit is provided to his / her nominee, which helps in meeting the future needs of the family. If the policy holder survives till the completion of the policy term, he is given a maturity benefit, which is a lump sum.
The age of the customer must be between 8 and 55 years to purchase the LIC Aadhaar Pillar Policy. The maximum age of the applicant should not be more than 70 years at the time of maturity of the plan. The Aadhaar Stambh Policy has a minimum basic sum assured of Rs 75 thousand, while the maximum basic sum assured is Rs 3,00,000. Basic Sum Assured under the policy is provided in multiples of Rs 5,000. This LIC policy is offered for a period of 10 years to 20 years. In this scheme, risk coverage starts immediately from the date of issue of the policy.
If a customer invests in this scheme for 20 years, he can get Rs 3.97 lakh at the time of maturity. The annual premium in this will be Rs 10,821, which is around Rs 901 per month. Assured amount will be Rs 3 lakh and a loyalty addition of Rs 97,500 will be made according to the return of 4.5% per annum on the total investment. Premium can be paid on a daily, monthly, quarterly, half-yearly and yearly basis.
