LIC Aadhar Stambh T-843 | All details with premium and maturity calculators

LIC Aadhar Stambh T-843 is a new plan offered by Life Insurance Corporation of India exclusively for male lives who own an Aadhar Card issued by UIDAI. LIC’s Aadhar Stambh plan is a non-linked, with profits, regular premium endowment assurance plan.
The plan becomes attractive with low premium, Accident and Disability Benefit, loyalty addition (along with maturity) etc. This plan is available for standard healthy female lives with out any medical examination. This article provides you complete information on premium and all available benefits of LIC Aadhar Stambh Plan, with illustrations and calculators.

LIC has also introduced a similar plan exclusively for females with the name LIC Aadhar Shila (T-844). Read more on the complete details of LIC Aadhar Shila.

 

Plan Details – LIC ‘s Aadhar Stambh (T-844)
Eligibility Male lives with Aadhar card
Age at entry 8 to 55 years
Policy Term 10 to 20 years
Minimum Sum Assured 75000
Maximum Sum Assured 300000
Mode Rebate 2% for yearly, 1% for half yearly and Nil for other modes
Sum Assured Rebate 75,000 to 1,90,000 – Nil
2,00,000 to 2,90,000 – 1.50/ thousand sum assured
3,00,000 2.00/thousand sum assured
Loan After payment of premium for 3 full years
Surrender After three year premium payment
Revival of a lapsed policy up to 2 years from date of lapsation
Accident and disability benefit premium 0.5 / 1000 Sum assured
LIC Aadhar Stambh T-843 – Online Premium, Insurance and Benefit Calculator

LIC Aadhar Stambh – Calculator is a powerful online calculator to provide complete idea on premium, maturity and insurance coverage benefits, in a simple and user-friendly manner. Riders such as Accident and Disability Benefit (DAB) has been incorporated in to this calculator.


Premium and Maturity Calculators – LIC’s Aadhar Stambh T-843
Premium Calculator – Aadhar Stambh T-843 Maturity and Benefit Calculator – Aadhar Stambh T-843

Click the links given above to open calculators.

 

LIC Aadhar Stambh T-843 – Important points to remember
  • LIC Aadhar Stambh is an Endowment type of policy, where the maturity is given as a single lump sum payment after completion of the term.
  • Maturity amount of LIC Aadhar Stambh is the total of Sum Assured plus Loyalty Addition(if any).
  • Normal insurance coverage will be equal to basic Sum Assured but Loyalty Addition will be paid additionally if death occurs after 5 years.
  • Additional accident coverage equal to basic sum assured and extended permanent disability benefit is available under the plan as a rider.
  • Critical Illness Benefit is not available under this plan.
  • Loan is available after the completion of three years.
  • Income Tax benefit under section 80C of Income Tax Act is available for the premium paid under this policy. You can calculate your income tax liability using this Income Tax Calculator
  • Maturity value of the LIC Aadhar Stambh plan is full exempted from income tax u/s 10(10d) of Income Tax Act. Read more on the Income Tax rules applicable for insurance policies.

 

LIC Aadhar Stambh T- 844 -Example with benefit illustration

In order to get a clear idea on the benefits of LIC Aadhar Stambh policy, let us take an example of a person with following details and assume that he is taking a new policy.

 

Plan Details Considered for Illustration
Sum Assured 3,00,000
Age 30 Years
Term 20 Years
Yearly Premium 10,865
Total Premium Paid 2,17,300

The possibilities after taking LIC Aadhar Stambh plan are

  1. Policy holder survives the term of the policy of 20 years and receives maturity benefit – Scenario 1
  2. Death occurs before completion of 5 years of period. – Scenario 2
  3. Death occurs after completion of 5 years of period – Scenario 3

lic aadhar shila t 844 and lic aadhar stambh t 843 plan details with examples and illustrations and premium calculators

The maturity amount of the policy includes Sum Assured along with loyalty addition (if any ) declared by Life Insurance Corporation of India from time to time.

lic aadhar shila t 844 and lic aadhar stambh t 843 plan details with examples and illustrations and premium calculators

If the death occurs before completion of five years, nominee will be eligible for  ‘Sum Assured on Death’ only. Where Sum assured on death is defined as the higher of 10 times of annualised premium or  basic sum assured.

lic aadhar shila t 844 and lic aadhar stambh t 843 plan details with examples and illustrations and premium calculators

If the death occurs after completion of 5 years ‘Sum Assured at Death’ plus loyalty addition available as per the year of completion of the policy will be paid to the nominee. Where Sum assured on death is defined as the higher of 10 times of annualised premium or  basic sum assured.

The table provided here will help you to get a clear idea on the insurance coverage available on various years.

Lic aadhar stambh stamph complete details with calculators

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*Benefit Illustrations provided here to provide some information  on the plan and is not an exhaustive document. Please read the documents provided at LIC web site for more information.

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Anish L J

Anish L J is a finance, insurance and software consultant with more than 18 years of experience in these fields. He thoroughly follows developments in insurance and finance. 'INSURANCE FUNDA' (www.insurancefunda.in) is his endeavour to provide simple and solid solutions in the Insurance and Finance sectors.
Follow me

Anish L J

Anish L J is a finance, insurance and software consultant with more than 18 years of experience in these fields. He thoroughly follows developments in insurance and finance. 'INSURANCE FUNDA' (www.insurancefunda.in) is his endeavour to provide simple and solid solutions in the Insurance and Finance sectors.

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