Life Insurance Corporation of India (LIC) has several small savings plans that give subscribers great benefits and returns with a low premium. The Aadhaar Stambh (Plan-843) is such a scheme, which was specially developed for men with Aadhaar cards in order to generate around 4 lakh money after maturity. Aside from being a small premium savings program, it also offers investors good benefits after death.
Jitendra Solanki – SEBI-registered tax and investment expert said about the policy: “LIC Aadhaar Stambh is an insurance policy that offers both protection and savings. The plan is only for male applicants and for the purchase of this LIC plan is an Aadhaar -Card mandatory Some of the benefits offered in this small LIC savings plan are death, maturity, and additional drivers. ”
In the event of the policyholder’s sudden death before the end of the plan term, his / her candidates are entitled to the death benefit. If the policyholder survives the term of the contract, he is entitled to a lump sum benefit that is paid as a lump sum.
Characteristics of Aadhaar Stambh (Plan-843)
Men with Aadhar cards between the ages of 8 and 55 can buy this LIC Aadhaar Stambh policy. The maximum age of the applicant at the time the insurance plan is due must not exceed 70 years. The minimum basic amount offered under the Aadhaar Stambh LIC guideline is Rs 75,000, while the maximum guaranteed basic amount is Rs 3.00,000. The sum insured is in multiples of Rs 5,000. This LIC guideline is offered for a period of 10 to 20 years.
An Aadhaar card holder who chooses the Aadhaar Stambh LIC Policy can expect to have a term of 3.97 Lakh after an investment of 20 years and an annual premium of Rs 10,314 according to a LIC due date calculator.
Risk coverage under this plan begins immediately on the date the policy is issued.