LIC’s Aadhaar Shila (944)


LIC’s Aadhaar Stambh is a life insurance product of LIC (Life Insurance Corporation of India). This is an endowment or traditional plan- which means it is not linked to stock market. The return on investment will be based on the profit of LIC and thereafter the declaration of bonus rate (for this policy it is Loyalty addition) for the particular product. This policy is exclusively for Female lives. To know more about this policy let us start with its features:

 Premium paying term: 10 to 20 years

 Policy term (time until your policy matures):10 to 20 years

 Minimum Sum Assured: 75000

 Maximum Sum Assured: 300000

 Minimum Entry Level Age: 08 years (completed)

 Maximum Entry Level Age: 55 years in nearest birthday

 Maximum Maturity Age: 70 years

 Maximum Accidental Death and Disability benefit rider applicable up to age of 70 years

 Maturity Benefit: Sum assured + Loyalty Addition (for illustration keep on reading)

 Minimum years to pay premium: 2years (after paying premium for 2 years one can stop paying premium; your money will be safe to withdraw or for loan

 Loan and Surrender: after 2 years of policy period considering there is no unpaid premium in first 2 years of policy period.

 Revival: Policy can be revived within 5 years of lapsation.

 Benefit illustration:

Vijay Agrawal a Government servent has purchased Adhar Stambh, 20 years term of Sum assured 300000 INR at the age of 35 years after considering following benefit illustration:-

Adhar Stambh (943) Benefit Illustration
Policy Term 10 15 20
Premium Paying term 10 15 20
Sum Assured 300000 300000 300000

Per Day Premium

(1st Year/after 1st year)

74/72 44/43 30/29

Monthly Premium

(1st Year/after 1st year)

2309/2260 1389/1359 947/926

Quarterly Premium

(1st Year/after 1st year)

6928/6779 4165/4076 2841/2780

Half Yearly Premium

(1st Year/after 1st year)

13716/13420 8246/8069 5623/5502

Yearly Premium

(1st Year/after 1st year)

27150/26566 16320/15968 11128/10889

Total Premium Paid

(Based on Yearly Mode)

266244 239872 218019
Maturity Benefit
Sum Assured 300000 300000 300000
Loyalty Additions 30000 60000 97500
Total 330000 360000 397500

All of these maturity is tax free under income tax act 10 (D)

*all maturity projection is based on current rate of bonus paid by LIC.