Life Insurance Corporation of India (LIC) offers several small savings schemes with affordable premiums.
One notable scheme is Aadhaar Stambh (Plan Number 943), designed to provide significant returns upon maturity.
Scheme Details and Benefits
To participate in LIC Aadhaar Stambh, applicants must possess an Aadhaar card.
This scheme combines insurance coverage with savings opportunities, catering specifically to men.
In the event of the policyholder’s accidental death before maturity, the nominee receives benefits to support future family needs.
If the policyholder survives till maturity, they receive maturity benefits.
Eligibility and Policy Features
Age Requirements
Customers aged between 8 to 55 years can apply. The applicant’s age should not exceed 70 years at the policy’s maturity.
Sum Assured:
The basic sum assured ranges from Rs 75,000 to Rs 3,00,000, provided in multiples of Rs 5,000.
Policy Duration
Available for 10 to 20 years, with immediate risk coverage from the policy issue date.
Financial Investment and Returns
Investing in Aadhaar Stambh for 20 years can yield approximately Rs 3.97 lakh upon maturity. The annual premium amounts to Rs 10,821, which translates to about Rs 901 per month or Rs 30 per day.
Payment options include daily, monthly, quarterly, half-yearly, or yearly frequencies.
Investment Growth
With an estimated annual return of 4.5 percent, the policy guarantees a sum assured of Rs 3 lakh, with an additional Rs 97,500 accruing from investment returns.
This simplified version retains all essential details while breaking down the information into digestible sections with clear headings. If you need any further adjustments or more information, feel free to ask!
