LIC Aadhaar Stambh is a non linked with profit endowment plan. It is a regular premium paying plan which also provides loyalty addition. This plan is mainly proposed for men who is having Aadhar card.  Any healthy men can buy this plan without any medical test requirement. For Females refer Aadhar Shila plan

LIC Aadhaar Stambh

Features and details of LIC aadhar Stambh endowment plan.

  • Plan is only available for male policy buyers
  • This is a low premium paying plan that means the amount of premium is lesser than as compared to other plans.
  • It provides auto cover facilities.
  • Minimum age for the entry of this plan is 8 years and the maximum is for the entry of this plan is 55 years
  • Minimum policy term is 10 years and the maximum policy term is 20 years
  • The maximum age at the time of maturity is can be 70 years
  • The minimum sum that can be assured is 75000 and the maximum sum that can be assured is 3,00,000.
  • The premium paying mode can be annually, half yearly, quarterly and monthly.
  • There is 2% discount on Premium for yearly premium payers and 1% discount for half yearly premium payers.

Benefits provided under LIC Adhar shila endowment plan

Maturity benefit

On the survival of the policy holder throughout the policy term. The maturity benefit is provided to the policyholder. The maturity benefit will be the basic sum assured plus the loyalty addition.

Death benefit

In case of the policy holder meet to an unfortunate death. Then the death benefit is provided to the nominee of the policy holder. If the policy holder dies within 5 years of the policy plan then the death benefit amount will be 110% of basic sum assured. If the policy holder dies after the 5 years of policy term then the death benefit amount will be equal to 110% of basic sum assured plus loyalty addition.

Optional benefits

There is a provision of optional benefit as add on benefit. If the policy holder is above 18 years then, he or she can add accidental death and disability benefit to this plan by paying extra premium. The minimum sum that can be assured for accidental benefit is rupees 20,000 and the maximum sum that can be assured for accidental benefit is can be equal to the basic sum assured.

Tax benefits

The premium paid under LIC Aadhaar Stambh plan is exempted from income tax under section 80 c and the maturity amount provided is also tax free under section 10 D.

LIC Aadhaar Stambh Premium Calculator

LIC Aadhar Shila premium calculator

Documents required for LIC Adhar shila endowment plan.

  1. Fully filled application form with photographs
  2. Age proof of policy buyer.
  3. Address proof.
  4. PAN card and Aadhar card for KYC document
  5. Accurate medical history

Important points related to LIC Adhar shila Endowment plan

Loan facilities

loan facilities is available in this plan after the completion of 3 years of the policy term. If the premiums of all the 3 years has been paid.

Surrender value

The policy attends a surrender value and can be surrendered at any time after the completion of 3 years of policy term

Cooling off period

After purchasing the policy if the policy buyer is not satisfied with the policy then within 15 days the policy can we return after the reciept of the policy document.

Grace period

There is a grace period of 15 days for the payment of monthly mode of premium and 30 days for the half yearly and early mode of premium payment. If the premium would not be paid within grace period the policy will lapse.

Policy Revival

If the policy get lapsed then it can be revived within the 2 years from the last premium paying date. If the policy will not revived within 2 years then the policy will get terminated.