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Aadhaar Shila and Aadhaar Stambha - 2 New Schemes By LIC

Aadhaar Shila and Aadhaar Stambha - 2 New Scheme Launched By LIC

Aadhaar Shila and Aadhaar Stambha - 2 Important New Scheme Launched By LIC

All You Need To Know - For Bank Exams, SBI PO, IBPS PO Exams, SSC CGL.

Introduction
Life Insurance Corporation(LIC) which was established on 1st September 1956, Recently launched two new scheme on 24th April 2017 named as “Aadhaar Shila” and “Aadhaar Stambha” .

Brief Description
It is a Non-Linked based plan (Non-ULIP), with profit is a non-linked regular premium paying endowment assurance plan based on loyalty addition. This Policy “Aadhaar Shila” is especially designed for Females Persons who is having there Aadhaar Card issued by UIDAI. They Plan/Policies can be easily adopted without any Medical Test for for maintaining Standard Health for Females.




Basic Key Features of Aadhaar Shila
  • The Plan in only for Females who have Aadhaar Card issued by UIDAI.
  • This Plan is available at Low Premium.
  • Auto Cover Facility is available in this plan.
  • The Policy Holder of this Plan can easily take Loan after 3 Years from the Starting date of the Policy.
  • The Holder of this Policy can opt for LIC’s Accidental Rider Benefit with this Aadhaar Shila plan.
  • Those Females who are under this Plan will be given a Tax Rebate Under Income Tax Rebate - 80C.
  • The main Features of this Plan, Those who will use this plan, They don’t need to pay any Tax on Maturity Amount under 10 D.
  • The Minimum & Maximum Age Limit for this Plan is 8 Years & 55 Years Respectively.
  • The Minimum & Maximum Terms of this Plan is 10 Years & 20 years Respectively.
  • The Maximum Age at Maturity will be 70 Years
  • Premium Paying Mode is flexible i.e. Monthly Basis, Quarterly (3 Months), Half Yearly (6Months) & Yearly Basis, Its Purely depends on you.

Basic Key Features of Aadhaar Stambha

  • The Plan in only for Females who have Aadhaar Card issued by UIDAI.
  • This Plan is available at Low Premium.
  • Auto Cover Facility is available in this plan.
  • The Policy Holder of this Plan can easily take Loan after 3 Years from the Starting date of the Policy.
  • The Holder of this Policy can opt for LIC’s Accidental Rider Benefit with this Aadhaar Stambha plan.
  • Those Females who are under this Plan will be given a Tax Rebate Under Income Tax Rebate - 80C.
  • The main Features of this Plan, Those who will use this plan, They don’t need to pay any Tax on Maturity Amount under 10 D.
  • The Minimum & Maximum Age Limit for this Plan is 55 Years & 70 Years Respectively.
  • The Minimum & Maximum Terms of this Plan is 10 Years & 20 years Respectively.
  • The Maximum Age at Maturity will be 70 Years
  • Premium Paying Mode is flexible i.e. Monthly Basis, Quarterly (3 Months), Half Yearly (6Months) & Yearly Basis, Its Purely depends on you.

Quick facts

Key Points
Aadhaar Shila
Aadhaar Stambha
Gender
Only For Females
Only For Females
Age at Entry
Minimum 8 Years
Minimum 55 Years
Maximum Age Limit
Not beyond 55 Years
Maximum 70 Years
Minimum Term Period
10 Years
10 Years
Maximum Term Period
20 Years
20 Years
Minimum Sum Assured
Rs. 75,000
Rs. 75,000
Maximum Sum Assured
Rs. 3,00,000
Rs. 3,00,000
Mode of Payment
Monthly Basis, Quarterly, Half Yearly, Yearly
Monthly Basis, Quarterly, Half Yearly, Yearly

Highlights of This Plan - Aadhaar Shila & Aadhaar Stambha:
  • If Death Occurs during first 5 Years of this policy – The Nominee will get the Assured Amount during the Purchase of this Plan.  I.e. The Nominee Can claim  110% of Total Assured Amount.
  • If Death Occurs after 5 Years of this policy but before maturity–  On death of the Policy holder, The Nominee will get the Assured Amount on Death + Loyalty. The Lum-sum  Amount will not be less than 105% of All the Premium Paid(Total Amounts of All Premium) for the policy.
  • Maturity Benefits – Total Assured Amount + Loyalty Added.

Important Point:
  • Loyalty – It is only applicable for those Policy Holder after successful completion of 5 Policy years. Those Policy Holder will get the Additional Loyalty Benefits.
  • Full form of UIDAI - Unique Identification Authority of India
  • Full form of ULIP-United Linked Insurance Plan.
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