Tuesday, 25 April 2017

LIC launches two Aadhaar based policies

Life insurance behemoth LIC has introduced two endowment assurance plans for individuals having Aadhaar card, reported PTI. While the Aadhaar Shila is a plan exclusively designed for women, the other scheme Aadhaar Stambh is meant for men. Absolute amount assured on death under Aadhaar Stambh is 100 per cent, whereas for Aadhaar Shila it is 110 per cent of basic sum assured.

These plans offer a combination of protection and savings and provide a lump-sum amount at the time of maturity for the surviving policyholder and financial support for the family in case of death of the policyholder, a Corporation statement said. The maturity benefit under both the plans will be the sum assured with loyalty additions if any, it added. Total basic sum assured under all policies issued to an individual under this plan shall not exceed Rs 3 lakh.

This plan is available to standard healthy lives from age 8-55 years, without any medical examination. The maximum age of maturity is 70 years and the terms available are from 10 to 20 years. Get updates in Intraday Stocks News and more click here and have your two days Free Trial >> http://www.ripplesadvisory.com/nifty-future-.php

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