LIC Aadhaar Stambh Plan 943 – A Special Life Insurance Plan for Men
👨💼 What is LIC Aadhaar Stambh Plan?
LIC Aadhaar Stambh 943 (Plan No. 943) is a non-linked, participating, regular premium, endowment assurance plan designed exclusively for male individuals holding a valid Aadhaar card. This plan provides both life insurance coverage and savings benefits, making it an ideal option for men seeking low-cost insurance with maturity returns.
It is a profit-sharing plan which means the policyholder will be eligible to receive Loyalty Additions after completion of 5 policy years. One of the highlights of this plan is that no medical test is required for standard healthy lives.
✅ Key Features of LIC Aadhaar Stambh Plan
| Feature | Details |
|---|---|
| For Whom | Male policyholders with Aadhaar Card |
| Type | Non-linked, Participating, Endowment Plan |
| Loyalty Addition | Payable at maturity or death (after 5 years) |
| Risk Coverage | From Day 1 of the policy |
| Medical Test | Not required for standard healthy lives |
| Tax Benefits | Premiums under Sec 80C & Maturity under Sec 10(10D) |
| Optional Rider | Accidental Benefit Rider (available for age 18+) |
| Auto Cover Benefit | Coverage continues even in case of lapse under certain conditions |
📋 Eligibility & Parameters
| Parameter | Details |
|---|---|
| Gender | Male only |
| Minimum Age at Entry | 8 years (completed) |
| Maximum Age at Entry | 55 years (nearest birthday) |
| Policy Term | 10 to 20 years |
| Maximum Maturity Age | 70 years (nearest birthday) |
| Sum Assured | ₹75,000 to ₹3,00,000 (in multiples of ₹5,000) |
| Premium Paying Term | Same as policy term |
| Premium Modes | Yearly, Half-Yearly, Quarterly, Monthly (SSS/NACH) |
| Mode Rebate | 2% (Yearly), 1% (Half-Yearly), Nil (Others) |
💰 Benefits of LIC Aadhaar Stambh Plan
1. 🎉 Maturity Benefit
At the end of the policy term, the following is paid:
- Basic Sum Assured + Loyalty Addition (if any)
2. ⚰️ Death Benefit
🔹 During first 5 policy years:
- Only Basic Sum Assured is payable
🔹 After 5 years but before maturity:
- Basic Sum Assured + Loyalty Addition (if any)
Note: Loyalty Addition is applicable only after 5 completed policy years.
3. 🚨 Optional Accidental Benefit Rider
Available for policyholders aged 18 years and above. In case of accidental death, an additional amount equal to the Basic Sum Assured will be paid.
📊 LIC Aadhaar Stambh Plan Example
Let’s understand with a real-life example:
👤 Policyholder Details
- Name: Mr. Arjun
- Age at entry: 28 years
- Sum Assured: ₹3,00,000
- Policy Term: 20 years
- Yearly Premium (approx.): ₹10,443 (excluding GST)
📅 Maturity Details
| Maturity Year | Age at Maturity | Total Premium Paid | Maturity Amount (Approx.) |
|---|---|---|---|
| 2037 | 48 years | ₹2,08,860 | ₹3,00,000 + Loyalty Addition |
☠️ Death Claim Illustration
Suppose Arjun passes away in 2023 (after 6 policy years), his nominee will get:
- Normal Death: ₹3,00,000 + Loyalty Addition
- Accidental Death (if rider opted): ₹6,00,000 + Loyalty Addition
📅 Year-Wise Benefit Table
| Year | Age | Total Premium Paid | Normal Death Cover | Accidental Death Cover | Status |
|---|---|---|---|---|---|
| 2017 | 28 | ₹10,443 | ₹3,00,000 | ₹6,00,000 | Active |
| 2018 | 29 | ₹20,886 | ₹3,00,000 | ₹6,00,000 | Active |
| 2019 | 30 | ₹31,329 | ₹3,00,000 | ₹6,00,000 | Active |
| 2020 | 31 | ₹41,772 | ₹3,00,000 | ₹6,00,000 | Active |
| 2021 | 32 | ₹52,215 | ₹3,00,000 | ₹6,00,000 | Active |
| 2022 | 33 | ₹62,658 | ₹3,00,000 + LA | ₹6,00,000 + LA | LA Applicable |
| 2023 | 34 | ₹73,101 | ₹3,00,000 + LA | ₹6,00,000 + LA | LA Applicable |
| 2024 | 35 | ₹83,544 | ₹3,00,000 + LA | ₹6,00,000 + LA | Active |
| 2025 | 36 | ₹93,987 | ₹3,00,000 + LA | ₹6,00,000 + LA | Active |
| 2026 | 37 | ₹1,04,430 | ₹3,00,000 + LA | ₹6,00,000 + LA | Active |
| 2027 | 38 | ₹1,14,873 | ₹3,00,000 + LA | ₹6,00,000 + LA | Active |
| 2028 | 39 | ₹1,25,316 | ₹3,00,000 + LA | ₹6,00,000 + LA | Active |
| 2029 | 40 | ₹1,35,759 | ₹3,00,000 + LA | ₹6,00,000 + LA | Active |
| 2030 | 41 | ₹1,46,202 | ₹3,00,000 + LA | ₹6,00,000 + LA | Active |
| 2031 | 42 | ₹1,56,645 | ₹3,00,000 + LA | ₹6,00,000 + LA | Active |
| 2032 | 43 | ₹1,67,088 | ₹3,00,000 + LA | ₹6,00,000 + LA | Active |
| 2033 | 44 | ₹1,77,531 | ₹3,00,000 + LA | ₹6,00,000 + LA | Active |
| 2034 | 45 | ₹1,87,974 | ₹3,00,000 + LA | ₹6,00,000 + LA | Active |
| 2035 | 46 | ₹1,98,417 | ₹3,00,000 + LA | ₹6,00,000 + LA | Active |
| 2036 | 47 | ₹2,08,860 | ₹3,00,000 + LA | ₹6,00,000 + LA | Final Year |
| 2037 | 48 | Maturity | ₹3,00,000 + LA | — | Maturity Paid |
📝 Final Notes
| Feature | Details |
|---|---|
| Loyalty Addition | Payable after 5 years (on death or maturity) |
| Loan Facility | Available after 3 years |
| Grace Period | 30 days (yearly/half-yearly), 15 days (monthly) |
| Surrender | After 2 years of full premium payments |
| Policy Revival | Within 5 years from date of first unpaid premium |
| Backdating | Allowed within the same financial year |
| Cooling-off Period | 15 days from receiving policy document |
🧠 Who Should Buy LIC Aadhaar Stambh Plan?
This plan is ideal for:
- Men with a small savings capacity
- First-time policy buyers looking for tax benefits + life cover
- Those seeking simple protection and return plans
- People preferring policies without medical tests
