LIC New Aadhaar Stambh Plan No. 943

Aadhaar Stambh is a , non-linked, with profits Endowment Assurance Plan for Male lives.

This Plan shall be allowed under Non-Medical only.

LIC New Aadhaar Stambh Plan No. 943 Features & Conditions:

Key Features

• Available for Male Only

• No Medical Test

• Low Premium Plan

• Auto Cover Facility available

• Premiums paid are eligible for deduction

• Maturity amount is tax free under 10 (10D) of Income Tax

Features & Conditions:

• Minimum age at entry : 8 years (Completed)

• Maximum age at entry 55 years (Nearer Birthday)

• Minimum Term : 10 years

• Maximum Term : 20 years

• Minimum Sum Assured : 75,000

• Maximum Sum Assured : 3,00,000 under all Policies.

Available Riders:

• Accident Benefit Rider available under this plan

Mode of Premium Payment:

• Yearly mode , Half -Yearly mode, Quarterly & Monthly mode ( SSS & NACH) are also available

Rebates:

• Mode Rebate: Yearly: 2%, Half Yearly: 1 %

Grace Period:

• 15 Days for monthly premium payment mode and

• 30 days for other payment modes.

Claim Concessions:

• Available under Base Plan only.

Paid-up Value of policy:

• Available after full payment of premium of 2 years.

Surrender:

• Available in policy after payment of 2 full years.

Policy Loan Benefits:

• Available after payment of premium of Two full years.

Revivals:

• Within 5 years of First Unpaid Premium (FUP)

Tax Benefits:

On Premium: Deduction under Section 80C subject to a maximum limit

Maturity Amount: Exempt u/s 10(10D)

Death claim : Exempt u/s 10(10D)

SUM ASSURED ON DEATH:

Basic Sum Assured

DEATH BENEFIT:

First 5 years of Policy: Sum Assured on Death.

6th year onwards: Sum Assured on Death + Loyalty additions if any.

MATURITY BENEFIT:

Basic Sum Assured + Loyalty Additions if any

Maturity/Death Claim in Installments for 5/10/15 years for Full or Part of Maturity/Death Claim Amount: Option to be exercised – 3 months before Maturity and for Death Claim during lifetime by Life Assured.

Occupation/Residence Extra:

Standard extra is to be charged. If Occupation Extra is charged Accidental benefit Rider will not be allowed.