Aadhaar Stambh LIC Policy: The Life Insurance Corporation of India (LIC) has various small savings schemes where subscribers have to pay a low premium. Aadhaar Stambh (Plan-843) is one such scheme that is customised for Aadhaar card holding males to generate around Rs 4 lakh money after maturity. Most importantly, this low premium small savings scheme of the LIC will give investors death benefits as well.

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Speaking on the LIC Aadhaar Stambh Policy; SEBI registered tax and investment expert, Jitendra Solanki said, "LIC Aadhaar Stambh is an insurance policy which provides both protection and savings. Popularly known as Aadhaar Stambh Plan 843, it is only for male applicants and an Aadhaar card is mandatory for buying this LIC plan. Some of the benefits offered in this small saving scheme of the LIC are death and maturity benefit as well as add-on riders." 

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Solanki said that this Aadhaar Stambh LIC policy is a non-linked-with-profit endowment assurance life insurance plan which is offered exclusively to male applicants who hold an Aadhaar Card. In case of the sudden death of the insured policyholder before the end of the plan term, his or her nominees will be entitled to the death benefit which will help take care of the family’s future needs. In case the policyholder survives the policy term, they will be entitled to a maturity benefit, which is paid in lump sum.

Aadhaar card holders who want to buy this LIC Aadhaar Stambh Policy should be in the age group of 8 to 55 years. The applicant’s maximum age at the time of plan maturity must not be above 70 years. The minimum basic sum assured offered under the Aadhaar Stambh LIC Policy is Rs 75,000 while the maximum basic sum assured is Rs 3,00,000. Under the Aadhaar Stambh LIC Policy basic sum assured is provided in multiples of Rs 5,000. This LIC policy is offered for the period of 10 years to 20 years. The risk coverage under this plan commences immediately from the date of policy issue.

Aadhaar Stambh LIC Maturity Calculator

Annual Premium: Rs 10,314 (payable in monthly, quarterly, half-yearly and annually)

Tenure of plan: 20 years

Sum assured: Rs 3,00,000

Loyalty additions: Rs 97,500 (accumulated on 4.5 per cent annual return on the investment)

So, the annual premium of Rs 10,314 that would be around Rs 869 per month (Rs 859.5) would enable an Aadhaar card holder to get that much of maturity amount. If the Aadhaar card holder opts for the Aadhaar Stambh LIC Policy, it can expect to get a maturity amount of Rs 3.97 lakh after investing for 20 years. This policy can be bought in ten name of one's minor child who is more than 8 years of age as well.