Kumari Palany & Co

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LIC Aadhaar Stambh and LIC Aadhaar Shila Plan Details

Posted on: 18/Jul/2019 4:19:30 PM
LIC Aadhaar Stambh Plan Details :
LIC Aadhaar Stambh plan with profit is a non-linked regular premium paying endowment assurance plan. This Policy will be Loyalty Addition (LA) based plan exclusively designed for Male policy holders having Aadhaar Card (UIDAI). This plan will be available to standard healthy lives without any medical test requirement.

Key Features :
  • Male Only Plan
  • Low Premium Plan
  • Auto Cover Facility
  • Paid premiums are exempted from income tax under 80C
  • Maturity amount is tax free under 10 (10D)

Maturity benefit :
On survival of year term, Maturity will be Basic Sum Assured + Loyalty Addition.

Death benefits :
On death during First Five Years of the policy:
  • Death claim amount will be equal to Basic Sum Assured.

On death after 5 years of the policy and before maturity:
  • Death claim amount will be equal to Basic Sum Assured + Loyalty Addition(LA).

Please Note: 
It understandable that Loyalty Addition is applicable after successful completion of 5 Policy years.

Optional Accidental Benefit Rider :
Policy holders above 18 years of age have option to opt for Accidental Benefit Rider with this plan, which will provide additional amount equal to basic sum assured in case of death caused due to accident.

LIC Aadhaar Shila Plan Details :
LIC Aadhaar Shila plan with profit is a non-linked regular premium paying endowment assurance plan based on loyalty addition. This Policy exclusively designed for Female lives having Aadhaar Card (UIDAI). This plan will be available to standard healthy lives without any medical test requirement.

Key Features :
  • Female Only Plan
  • Low Premium Plan
  • Auto Cover Facility
  • Paid premiums are exempted from income tax under 80C
  • Maturity amount is tax free under 10 (10D)

Plan Parameters :
  • Gender : Female Only
  • Age at Entry : 8 Years (Completed)
  • Maximum Age at Entry : 55 (Nearest Birthday) Calculate your Age
  • Minimum Term : 10 Years
  • Maximum Term : 20 Years
  • Maximum Age at Maturity : 70 Years (Nearest Birthday)
  • Sum AsAssured : Minimum 75,000 and Maximum 3,00,000
  • Premium Paying Mode : Yearly, Half Yearly, Quarterly & Monthly (SSS and NACH Only)
  • Premium Mode Rebate : 2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly

Maturity benefit :
On survival of year term, Maturity will be Basic Sum Assured + Loyalty Addition.

Death benefits :
On death during First Five Years of the policy:
  • Death claim amount will be equal to 110% of Basic Sum Assured.

On death after 5 years of the policy and before maturity:
  • Death claim amount will be equal to 110% Basic Sum Assured + Loyalty Addition(LA).

Please Note: 
It understandable that Loyalty Addition is applicable after successful completion of 5 Policy years.

Optional Accidental Benefit Rider :
Policy holders above 18 years of age have option to opt for Accidental Benefit Rider with this plan, which will provide additional amount equal to basic sum assured in case of death caused due to accident.