A Comprehensive Guide to the LIC Aadhar Stambh Policy: Features, Eligibility, and Benefits

The LIC Aadhar Stambh Policy is a unique insurance plan offered by the Life Insurance Corporation of India (LIC) that aims to provide financial security and stability to individuals. This policy has gained significant attention in recent times due to its distinct features and benefits. In this article, we will delve into the details of the LIC Aadhar Stambh Policy, highlighting its key features, eligibility criteria, and other relevant aspects.

Key Features: The LIC Aadhar Stambh Policy is a non-linked, non-participating, individual life insurance plan designed to cater specifically to male policyholders who hold an Aadhar card. This policy offers a range of attractive features, including:

Death Benefit: In the unfortunate event of the policyholder's demise during the policy term, the nominee will receive a lump sum amount, which is the higher of the Sum Assured on Death or 105% of the premiums paid. The Sum Assured on Death is the highest of 10 times the annualized premium, the absolute amount assured to be paid on death, or the absolute sum assured on maturity.


Maturity Benefit: If the policyholder survives until the end of the policy term, he is entitled to receive the Sum Assured on Maturity, which includes the Basic Sum Assured and accrued Guaranteed Additions.


Premium Payment Options: The LIC Aadhar Stambh Policy offers two premium payment options, namely Regular Premium and Single Premium. Policyholders can choose the most suitable payment mode based on their preferences and financial capabilities.


Policy Term and Sum Assured: The policy term for the LIC Aadhar Stambh Policy ranges from 10 to 20 years, allowing policyholders to select a term that aligns with their long-term financial goals. The minimum Sum Assured under this policy is ₹75,000, with no upper limit, enabling individuals to opt for coverage that suits their insurance needs.

Eligibility Criteria: To avail of the LIC Aadhar Stambh Policy, prospective policyholders must meet the following eligibility criteria:

Age: The minimum age of entry for this policy is 8 years, while the maximum age is 55 years.


Premium Payment Options: The Regular Premium payment option is available for individuals aged 8 to 50 years. For those who choose the Single Premium option, the minimum age is 8 years, while the maximum age is 55 years.


Aadhar Card Requirement: To be eligible for this policy, individuals must possess a valid Aadhar card issued by the Unique Identification Authority of India (UIDAI).




Riders and Optional Benefits: In addition to the core features, the LIC Aadhar Stambh Policy offers riders and optional benefits to enhance the coverage and customization options for policyholders. These include:

Accidental Death and Disability Benefit Rider: Policyholders have the option to include this rider, which provides an additional sum assured in the event of accidental death or disability. This rider ensures that policyholders and their families receive extra financial protection in unforeseen circumstances.


Critical Illness Benefit Rider: This rider offers coverage against specified critical illnesses. In case the policyholder is diagnosed with any of the covered critical illnesses, a lump sum amount is paid, which helps to cover the medical expenses and other financial obligations during such challenging times.


Premium Waiver Benefit Rider: With this rider, the future premiums payable under the policy are waived off in case of the policyholder's death or permanent disability due to an accident. This ensures that the policy remains in force, and the benefits continue to be provided to the nominee.

Claim Settlement Process: The LIC Aadhar Stambh Policy follows a straightforward and efficient claim settlement process. In the event of the policyholder's demise, the nominee must notify LIC and submit the required documents, including the death certificate, policy documents, and any other documents requested by the company. LIC endeavors to settle claims promptly, ensuring a hassle-free experience for the claimant.

Premium Payment and Policy Renewal: Policyholders can choose between regular premium payment and single premium payment options based on their financial preferences. For regular premium payments, policyholders can select the frequency of premium payments, such as yearly, half-yearly, quarterly, or monthly. LIC provides various convenient modes of premium payment, including online payment, payment at authorized banks, and through registered agents.

Policyholders also have the option to renew their LIC Aadhar Stambh Policy upon its maturity. The renewal process involves assessing the policyholder's preferences and financial goals at that stage, and LIC provides the necessary guidance and assistance to facilitate a seamless renewal process.

Conclusion: The LIC Aadhar Stambh Policy stands out as a comprehensive life insurance solution that caters specifically to male policyholders. With its distinctive features, flexibility in premium payment options, and the availability of riders and optional benefits, this policy offers individuals an opportunity to secure their financial future effectively. As with any insurance product, it is recommended for prospective policyholders to carefully review the policy terms and conditions, seek professional advice, and make an informed decision based on their unique requirements and circumstances. LIC's dedicated customer support team and financial advisors are available to address any queries and provide personalized assistance throughout the policy tenure.

Conclusion: The LIC Aadhar Stambh Policy offers a host of benefits and features designed to safeguard the financial future of male policyholders. With its flexible premium payment options, comprehensive death and maturity benefits, and the convenience of Aadhar card-based eligibility, this policy presents an appealing proposition to individuals seeking a reliable life insurance solution. However, it is advisable for potential policyholders to thoroughly understand the terms and conditions, as well as consult with LIC representatives or financial advisors before making a decision.