LIC Aadhaar Stambh Policy: Check Maturity Period, Return Calculator, Key Benefits, And More

Aadhaar Stambh from LIC is a non-linked, participatory, individual life assurance savings plan with a low premium rate that is especially created for male candidates. It offers the family financial security in the event of any unforeseen circumstances, but it also contributes to wealth accumulation for the future as a maturity benefit if the life assured survives the entirety of the policy's term.

The nominee or beneficiary shall be entitled to a death benefit equivalent to the Basic Sum Assured + Loyalty Addition in the tragic and untimely death of the insured person. The fund value of the insurance policy is used to pay the Loyalty Addition, which is a bonus.

The policyholder will be eligible for a maturity reward, which is equal to the Basic Sum Assured plus Loyalty Addition if they live out the policy period.

This feature makes sure that the policy is still in effect even if the policyholder forgets to pay a premium. For the first two years of the insurance, the auto cover facility is offered.

After the first two years of the policy, the policyholder might obtain a loan against the surrender value of the policy.

The policyholder can choose additional riders to increase the policy's coverage, like the Accidental Death & Disability Benefit Rider.

The age of the policyholder, sum assured, and length of the policy are taken into account for determining the premium for LIC's Aadhaar Stambh plan. Payment options for the premium include annual, biannually, quarterly, or monthly.

Minimum Sum Assured: Rs 2,00,000

Maximum Sum Assured: Rs 5,00,000

Entry Age: 8 years

Maximum Age: 55 years

Policy term: 10 to 20 years

Minimum age at maturity: 18 years

Maximum age at maturity: 70 years

If the policy is issued on the life of a minor, the policy will automatically vest in the Life Assured on the anniversary of the policy that coincides with or immediately follows the completion of 18 years of age and will be deemed to be a contract between the Corporation and the Life Assured upon such vesting.