Lic Aadhaar Stambh: You will become a millionaire in very low premium

Lic Aadhaar Stambh Plan: The special thing is that this low premium small savings scheme of LIC also provides death benefits to investors. According to the information available on LIC’s website (licindia.in), LIC Aadhaar Stambh is an insurance policy.

Lic Aadhaar Stambh
Lic Aadhaar Stambh

New Delhi, Business Desk. If you want to become Lakhpati or Crorepati, then for this you should take small steps. Often people dream of becoming rich in a very short time and when they are not successful, they get disheartened. At present, there are many investment options in which you can create a good corpus by investing a small amount every month. Life Insurance Corporation of India (LIC) has many such small savings schemes where the subscriber has to pay a very small premium.

Aadhaar Stambh (Plan-943) is also one such scheme of LIC, where you can earn huge profits on maturity. This scheme is for Aadhaar cardholder males. Subscribers can get around Rs 4 lakh at the time of maturity in this scheme.

The special thing is that this low premium small savings scheme of LIC also provides death benefits to the investors. According to information available on LIC’s website (licindia.in), LIC Aadhaar Stambh is an insurance policy that provides both protection and savings. This scheme is only for men and it is mandatory to have an Aadhaar card to buy this policy.

In case of accidental death of the policyholder before the completion of the LIC Aadhaar Stambh policy term, the death benefit is provided to his nominee, which helps in meeting the future needs of the family. If the policyholder survives to the end of the policy term, he is provided with the maturity benefit, which is a lump sum.

The age of the customer should be between 8 to 55 years to buy the LIC Aadhaar Stambh policy. The maximum age of the applicant at the time of maturity of the plan should not exceed 70 years. Aadhaar Stambh Policy has a minimum basic sum assured of Rs 75 thousand, while the maximum basic sum assured is Rs 3,00,000. The Basic Sum Assured under the policy is provided in multiples of Rs.5,000. This LIC policy is offered for a period of 10 years to 20 years. The risk coverage in this scheme starts immediately from the date of issue of the policy.

If a customer invests in this scheme for 20 years, he can get Rs 3.97 lakh at the time of maturity. In this, the annual premium will be Rs 10,821, which is approximately Rs 901 per month. In this, the assured amount will be Rs 3 lakh and a loyalty addition of Rs 97,500 will be made according to the annual return of 4.5 percent on the total investment. The premium can be paid on a daily, monthly, quarterly, half-yearly, and yearly basis.

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