Product Summary:-

This is a regular premium paying Non-linked,with profits,Endowment plan.This plan is exclusively designed for male lives having aadhar card issued by UIDAI. This plan shall be available to standard lives only without any medical examination and the total sum assured under all the policies issued to an individual under this plan should not exceed Rs 3 lacs.

Premium paying mode:-

Yearly, Halfyearly, Quarterly, Monthly(ECS)

10 to 20 years

Minimum Entry age:-
8 year completed

Maximum entry age:-
55 year(Nearest birthday)

Maximum Maturity age:-
70 Year

Minimum Sum Assured:-

Maximum sum assured:-

Maximum accidental death and disability benefit rider upto age 70.

Policy Benefits:-

a)On Death:-
On death of the life assuredduring the policy term Sum assured on death shall be payable, which is the highest of
*Basic Sum assured; or
*10 times of annualized premium; or
*105% of all the premiums paid as on date of death.
The premium mentioned above exclude taxes, extra premium and rider premiums, if any, shall also be payable if death occurs after completion of 5th policy year.

b)On survival:-
On survival to the end of the policy term Basic sum assured along with loyality addition, if any shall be payable.

Surrendered Value:-
The policy can be surrendered at any time during the policy term provided atleast three full years premiums have been paid.

Guaranteed surender value:-
The guaranteed surrender value shall be a percentage of total premiums paid (net of taxes) excluding any extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.

Loan facility is available under this plan, after payment of premiums for atleast 3 full years.

Income Tax Benefit:-
*Premium paid under this plan is eligible for TAX rebate under section 80c.
*Maturity under this plan is free under sec10(10D).


I am an Insurance Adviser (LIC) and an online re-seller. Also I am working in online field from past five years.

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1 Response

  1. 25th July 2019

    […] 8.LIC’s AADHAR STAMBH(843) […]

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