LIC New Aadhaar Stambh Plan No. 943 | Low Premium Plan | आधार स्तंभ All Details in Hindi

LIC New Aadhaar Stambh Plan No. 943 | Low Premium Plan | आधार स्तंभ All Details in Hindi

Aadhaar Stambh is a , non-linked, with profits Endowment Assurance Plan for Male lives.

This Plan shall be allowed under Non-Medical only.

Key Features

  • 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.

Available Riders:

  • Accident Benefit Rider available under this plan

Mode of Premium Payment: 

  • Yearly mode , Half -Yearly mode, Quarterly & Monthly mode ( SSS & NACH) are also available

Rebates: 

  • Mode Rebate: Yearly: 2%, Half Yearly: 1 %

Grace Period: 

  • 15 Days for monthly premium payment mode and
  • 30 days for other payment modes.

Claim Concessions: 

  • Available under Base Plan only.

Paid-up Value of policy: 

  • Available after full payment of premium of 2 years.

Surrender: 

  • Available in policy after payment of 2 full years.

Policy Loan Benefits: 

  • Available after payment of premium of Two full years.

Revivals: 

  • Within 5 years of First Unpaid Premium (FUP)

Back Dating: 

  • Allowed with lean Month’s benefits.

Proposal Form: 

  • Form 300, 340 or Form 360

Tax Benefits:

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

DEATH BENEFIT:

First 5 years of Policy: Sum Assured on Death.

6th year onwards: Sum Assured on Death + Loyalty additions if any.

MATURITY BENEFIT:

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.

Kevman/Partnership/Employer-Employee:

Allowed under Employer-Employee only.

Occupation/Residence Extra:

Standard extra is to be charged.  If Occupation Extra is charged Accidental benefit Rider will not be allowed.

Example

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