LIC Aadhaar Stambh policy is a participating, non-linked individual life assurance savings plan that was created with the explicit purpose of offering the dual advantage of protection and savings.
The plan helps the family build money for the future by offering a maturity benefit if the life assured lives out the whole term of the policy in addition to providing financial security for the family in the event of any unforeseen circumstances.
Read More: NPS Withdrawal Rule Changes: How to Withdraw NPS Fund and NPS Pension Benefits
LIC Aadhaar Stambh Policy: Eligibility and features
- The minimum entry age in this LIC policy is 8 years and the maximum is 55 years.
- It provides an auto cover facility and cash flow requirements along with a loan facility.
- It is an endowment plan where the amount is given in lumpsum at maturity.
- At maturity, the policyholder receives basic sum assured and loyalty addition.
- A loan facility is available only after 3 years of the policy.
- This plan is available only for males.
- Minimum Sum Assured: Rs 75,000.
- Maximum Sum Assured: Rs 3,00,000.
LIC Aadhaar Stambh Policy: Calculator
For instance, if the policyholder plans to invest Rs 10,000 per year for a term of 15 years, the policyholder will get a sum assured of Rs 2,00,000 plus Loyalty Addition.
