Aadhaar Stambh is a , non-linked, with profits Endowment Assurance Plan for Male lives.
This Plan shall be allowed under Non-Medical only.
- Available for Male Only
- No Medical Test
- Low Premium Plan
- Auto Cover Facility available
- Premiums paid are eligible for deduction
- Maturity amount is tax free under 10 (10D) of Income Tax
Features & Conditions:
- Minimum age at entry : 8 years (Completed)
- Maximum age at entry 55 years (Nearer Birthday)
- Minimum Term : 10 years
- Maximum Term : 20 years
- Minimum Sum Assured : 75,000
- Maximum Sum Assured : 3,00,000 under all Policies.
- Accident Benefit Rider available under this plan
Mode of Premium Payment:
- Yearly mode , Half -Yearly mode, Quarterly & Monthly mode ( SSS & NACH) are also available
- Mode Rebate: Yearly: 2%, Half Yearly: 1 %
- 15 Days for monthly premium payment mode and
- 30 days for other payment modes.
- Available under Base Plan only.
Paid-up Value of policy:
- Available after full payment of premium of 2 years.
- Available in policy after payment of 2 full years.
Policy Loan Benefits:
- Available after payment of premium of Two full years.
- Within 5 years of First Unpaid Premium (FUP)
- Allowed with lean Month’s benefits.
- Form 300, 340 or Form 360
On Premium: Deduction under Section 80C subject to a maximum limit
Maturity Amount: Exempt u/s 10(10D)
Death claim : Exempt u/s 10(10D)
All Aadhaar Stambh Plan No. 943 Details with example are available in Video. Please check the video given below.
SUM ASSURED ON DEATH:
Basic Sum Assured
First 5 years of Policy: Sum Assured on Death.
6th year onwards: Sum Assured on Death + Loyalty additions if any.
Basic Sum Assured + Loyalty Additions if any
Maturity/Death Claim in Installments for 5/10/15 years for Full or Part of Maturity/Death Claim Amount: Option to be exercised – 3 months before Maturity and for Death Claim during lifetime by Life Assured.
Age Proofs: All Allowed.
Female Lives : Not Allowed.
Allowed under Employer-Employee only.
Standard extra is to be charged. If Occupation Extra is charged Accidental benefit Rider will not be allowed.