The LIC Aaadhar Stambh plan-943 policy is an affordable, straightforward life insurance plan from the Life Insurance Corporation of India (LIC) specifically designed for men.
This plan is non-linked and provides both insurance coverage and savings, making it a good option for those looking for security and financial growth without too much complexity. With its low premium, this plan is a popular choice for individuals seeking to build a financial cushion.
What is the LIC Aadhaar Stambh Policy?
LIC Aaadhar Stambh plan-943 is a unique policy that provides financial protection to the policyholder’s family in case of an untimely demise, along with maturity benefits if the policyholder survives the policy term. Designed specifically for male policyholders who have an Aadhaar card, this policy combines insurance with savings, ensuring a safety net while allowing money to grow.
Key Features of LIC Aadhaar Stambh
- Insurance with Savings: Combines life insurance with a maturity benefit, ensuring that your family is covered while building savings over time.
- Low Premiums: This policy is known for its affordability, making it accessible to a broad range of people.
- Additional Loyalty Benefit: If the policyholder survives the policy term, the policy pays out the maturity amount along with any applicable loyalty addition.
- Automatic Death Benefit: If the policyholder passes away during the term, a death benefit is paid to the family, which can serve as a financial buffer.
- Loan Facility: After a certain period, policyholders can take a loan against the policy, providing flexibility if they need access to funds.
Why Choose LIC Aadhaar Stambh Policy?
- Affordability: With low premiums, LIC Aaadhar Stambh plan-943 is a budget-friendly way to secure financial protection for your family.
- Combined Benefit: This policy not only offers life coverage but also builds savings through maturity benefits, making it a dual-purpose investment.
- Loyalty Addition: LIC may add a loyalty bonus at maturity, enhancing the final payout.
- Accessibility: Available to males who have Aadhaar cards, this policy ensures that basic financial coverage is accessible.
Eligibility for LIC Aadhaar Stambh Policy
| Feature | Details |
|---|---|
| Minimum Age | 8 years |
| Maximum Age | 55 years |
| Policy Term | 10 to 20 years |
| Minimum Sum Assured | ₹75,000 |
| Maximum Sum Assured | ₹3,00,000 |
| Premium Payment | Regular (monthly, quarterly, semi-annually, annually) |
Benefits of LIC Aadhaar Stambh Policy
With LIC Aaadhar Stambh plan-943, policyholders get a range of benefits that balance protection with savings. Here’s a breakdown of the primary advantages:
- Death Benefit: If the policyholder passes away during the policy term, the family receives the death benefit, providing them with financial support.
- Maturity Benefit: If the policyholder survives the policy term, he receives the sum assured along with any loyalty additions as a maturity benefit.
- Flexible Premium Payment: You can choose to pay premiums monthly, quarterly, semi-annually, or annually to fit your financial comfort.
- Tax Benefits: Premiums paid for this policy qualify for tax deductions, providing additional savings.
How to Apply for LIC Aadhaar Stambh?
Applying for LIC Aaadhar Stambh plan-943 is a simple process. You can either visit your nearest LIC branch, reach out to an LIC agent, or apply online through LIC’s official website. Make sure you have your Aadhaar card handy, as it is mandatory for this plan.
FAQs
1. What is the minimum sum assured under LIC Aadhaar Stambh?
- The minimum sum assured is ₹75,000, ensuring basic financial protection.
2. Is Aadhaar card mandatory for LIC Aadhaar Stambh?
- Yes, an Aadhaar card is required for enrolling in this policy.
3. Can women apply for LIC Aadhaar Stambh?
- No, this policy is designed specifically for male policyholders. Women can explore other LIC policies.
4. Does LIC Aadhaar Stambh offer a loan facility?
- Yes, after a certain period, policyholders can take a loan against this policy.
5. What happens if the policyholder survives the policy term?
- If the policyholder survives the term, they receive the maturity benefit, which includes the sum assured and any loyalty additions.
Conclusion
The LIC Aaadhar Stambh plan-943 Policy is a practical choice for men who want affordable life insurance with a savings element. It provides financial protection for your loved ones while allowing you to build savings with each premium payment. Whether you’re looking for a starting point in life insurance or a low-cost option to secure your family’s future, LIC Aadhaar Stambh is worth considering.
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