Aadhaar Stambh - Life Insurance Policy
Stambh Plan offers a combination of protection and savings. This
plan is exclusively designed for male lives having Aadhaar Card
issued by UIDAI (Unique Identification Authority of India). This
plan provides financial support for the family in case of
unfortunate death of the policyholder any time before maturity
and a lump sum amount at the time of maturity for the surviving
In addition, this plan also takes care of liquidity needs
through its Auto Cover as well as loan facility.
On death of the Life Assured during the policy term provided all
due premiums have been paid then:
On death during first five years: “Sum
Assured on Death” shall
Assured on Death”
is defined as the highest of
On death after completion of five policy years but before
the date of maturity: “Sum
Assured on Death” and
Loyalty Addition, if any, shall be payable.
10 times of annualised premium; or
Sum Assured on Maturity as defined in 1. b) below; or
Absolute amount assured to be paid on death, i.e. Basic Sum
The death benefit shall not be less than 105% of all the
premiums paid as on date of death.
Premiums referred above shall not include any taxes, extra
amount chargeable under the policy due to underwriting decision
and rider premiums, if any.
Assured on Maturity” is
equal to Basic Sum Assured.
Maturity Benefit: On
the life assured surviving to the end of the policy term,
provided all due premiums have been paid, “Sum
Assured on Maturity” along
with Loyalty Addition, if any, shall be payable.