Withdrawal Date: 01 January 2025
Policy Term: 10 to 20 years
Entry Age: 8 to 55 years
Plan Type: Non-Linked Participating Endowment Plan
• Premiums are estimated using LIC official sample premium tables.
• Death Benefit = Higher of (7 × Annual Premium OR Basic Sum Assured) subject to minimum 105% premiums paid.
• Maturity Benefit = Basic Sum Assured + Loyalty Addition.
• Loyalty Addition depends on LIC future declarations.
• GST extra as applicable.
• Yearly rebate: 2%, Half-Yearly rebate: 1%.
• This plan was withdrawn on 01 January 2025.
LIC Aadhaar Stambh Plan 943
The Life Insurance Corporation of India introduced several insurance products to meet the financial needs of different customer groups. One such policy was LIC Aadhaar Stambh Plan 943, specially designed for male policyholders possessing Aadhaar cards issued by UIDAI.
LIC Aadhaar Stambh Plan 943 combined life insurance protection with savings benefits under a single endowment insurance plan. LIC also provided a calculator tool that helped users estimate premiums, maturity benefits, and other policy-related values conveniently.
Introduction to LIC Aadhaar Stambh Plan 943
LIC Aadhaar Stambh Plan 943 (UIN No. 512N310V03) was a non-linked, participating, individual life assurance policy created exclusively for male lives between 8 years and 55 years of age who held valid Aadhaar cards.
The plan aimed to combine savings and life protection, making it suitable for individuals seeking long-term financial security for their families.
LIC Aadhaar Stambh Plan 943 was officially launched on August 1, 2022, and later withdrawn from sale on January 1, 2025. Although new purchases are no longer available, understanding the plan structure and calculator functionality remains useful for existing policyholders and individuals comparing similar traditional endowment plans.
Key Features of LIC Aadhaar Stambh Plan 943
What Were the Main Features of LIC Aadhaar Stambh Plan 943?
- Non-linked participating endowment insurance plan
- Available only for male lives with Aadhaar card
- Entry age between 8 years and 55 years nearest birthday
- Policy term ranging from 10 years to 20 years
- Premium paying term equal to the selected policy term
- Maximum maturity age of 70 years nearest birthday
- Minimum Sum Assured of ₹75,000
- Maximum Sum Assured of ₹3,00,000
- Sum assured available in:
- Multiples of ₹5,000 up to ₹1,50,000
- Multiples of ₹10,000 above ₹1,50,000
- Loan facility available after payment of at least two full policy years
- Surrender value available after payment of at least two years’ premiums
- Tax benefits available under Sections 80C and 10(10D)
- Suicide clause providing 80% refund of premiums under specified conditions
- No medical examination required for eligible standard lives
- Death benefit protection during policy term
- Lump-sum maturity benefit on survival until maturity
Why Was LIC Aadhaar Stambh Plan 943 Popular?
LIC Aadhaar Stambh Plan 943 became popular among middle-income male policyholders because of:
- Simple Aadhaar-based eligibility
- Affordable premium structure
- Combination of savings and insurance protection
- No medical test requirement for eligible applicants
- Participation in LIC bonus declarations
- Traditional risk-free savings approach without stock market exposure
Eligibility Criteria of LIC Aadhaar Stambh Plan 943
What Were the Eligibility Conditions for LIC Aadhaar Stambh Plan 943?
| Parameter | Details |
|---|---|
| Minimum Entry Age | 8 years completed |
| Maximum Entry Age | 55 years nearest birthday |
| Policy Term | 10 years to 20 years |
| Sum Assured | Minimum ₹75,000 and Maximum ₹3,00,000 |
| Premium Payment Term | Equal to policy term |
| Loan Facility | Available after payment of at least two full years’ premiums |
Benefits of LIC Aadhaar Stambh Plan 943
Death Benefit
If the insured person died during the policy term, the nominee received:
- Sum Assured
- Accrued bonuses declared by LIC
This ensured financial protection for the family during difficult circumstances.
Maturity Benefit
If the policyholder survived until the end of the policy term, LIC paid a lump-sum maturity amount consisting of:
- Basic Sum Assured
- Accumulated bonuses
This maturity payout helped support long-term savings goals.
Loan Facility
Policyholders could avail loans against the policy after payment of at least two years’ premiums according to LIC rules and conditions.
This feature helped provide liquidity during financial emergencies.
Surrender Value Benefit
The policy could be surrendered after payment of at least two full years’ premiums. On surrender, the higher of:
- Guaranteed surrender value, or
- Special surrender value
was payable according to LIC policy conditions.
Tax Benefits
What Tax Benefits Were Available?
- Premiums paid qualified for tax deductions under Section 80C of the Income Tax Act
- Maturity and death benefits remained tax-free under Section 10(10D) subject to prevailing tax rules
No Medical Test Requirement
LIC Aadhaar Stambh Plan 943 was designed for standard healthy lives without compulsory medical examinations, making the policy easier and quicker to purchase.
Launch and Withdrawal Dates
When Was LIC Aadhaar Stambh Plan 943 Launched?
The policy was officially launched on August 1, 2022.
When Was LIC Aadhaar Stambh Plan 943 Withdrawn?
LIC withdrew the plan from new sales on January 1, 2025, as part of its periodic product revisions and updated insurance offerings.
Understanding LIC Aadhaar Stambh Plan 943 Calculator
LIC Aadhaar Stambh Calculator was an online estimation tool that helped users calculate:
- Premium amounts
- Maturity benefits
- Surrender value estimates
- Loan eligibility details
based on selected policy inputs.
How Did LIC Aadhaar Stambh Calculator Work?
Inputs Required
The calculator generally required:
- Policyholder’s age
- Sum Assured amount
- Policy term
- Premium payment mode
Calculation Method
The tool used official LIC premium rates, actuarial calculations, and bonus assumptions to estimate policy benefits.
Output Provided
The calculator displayed:
- Estimated premium payable
- Projected maturity value
- Approximate surrender value
- Loan eligibility details
This helped individuals better understand policy affordability and expected financial returns.
Step-by-Step Guide to Using LIC Aadhaar Stambh Calculator
Step 1 – Visit Calculator Platform
Open the official Life Insurance Corporation of India website or trusted LIC calculator portals.
Step 2 – Enter Age
Provide the policyholder’s age within the eligible range of 8 years to 55 years.
Step 3 – Select Sum Assured
Choose the desired Sum Assured between ₹75,000 and ₹3,00,000.
Step 4 – Choose Policy Term
Select a policy term between 10 years and 20 years.
Step 5 – Select Premium Payment Mode
Choose premium payment frequency:
- Yearly
- Half-yearly
- Quarterly
- Monthly
Step 6 – Calculate
Click the calculate button to generate premium and benefit estimates.
Step 7 – Review Results
The calculator displays:
- Premium amount payable
- Estimated maturity benefits
- Surrender value estimates
- Other policy-related details
This tool provided a quick and clear understanding of the financial aspects of LIC Aadhaar Stambh Plan 943.
Advantages of LIC Aadhaar Stambh Plan 943
Why Was LIC Aadhaar Stambh Plan 943 Beneficial for Policyholders?
Affordable Premium Structure
The policy was specially designed for middle-income male policyholders and offered comparatively affordable premium rates.
Flexible Policy Terms
LIC Aadhaar Stambh Plan 943 allowed policy terms between 10 years and 20 years, helping individuals choose a duration according to their savings goals.
Simple Purchase Process
The plan required only an Aadhaar card with minimal documentation, making the buying process easier and faster.
Combination of Savings and Protection
The policy offered both life insurance protection and savings benefits under a single traditional endowment insurance plan.
Bonus Participation
As a participating insurance policy, LIC Aadhaar Stambh Plan 943 provided regular bonuses declared by Life Insurance Corporation of India, helping improve overall maturity benefits.
These features gave policyholders confidence that they were securing both family protection and disciplined long-term savings.
Important Considerations and Limitations
What Were the Limitations of LIC Aadhaar Stambh Plan 943?
Available Only for Male Lives
The policy was exclusively available for male applicants. Female applicants were not eligible under this plan.
Limited Maximum Sum Assured
The maximum sum assured available under the policy was ₹3,00,000, which may not have been sufficient for individuals with higher financial protection needs.
Withdrawn Plan Status
LIC Aadhaar Stambh Plan 943 was withdrawn from new sales from January 1, 2025. Existing policyholders continue receiving benefits according to original policy terms.
No Rider Facility
The plan did not allow optional riders such as:
- Critical Illness Rider
- Accidental Death Rider
- Additional Term Rider
This limited opportunities for enhanced protection coverage.
LIC Aadhaar Stambh Plan 943 Compared With Other LIC Endowment Plans
| Feature | LIC Aadhaar Stambh Plan 943 | Other LIC Endowment Plans |
|---|---|---|
| Eligibility | Male only, 8 to 55 years | Male and female, wider age eligibility |
| Sum Assured Range | ₹75,000 to ₹3,00,000 | Usually higher and more flexible |
| Policy Term | 10 years to 20 years | Multiple term options available |
| Medical Test Requirement | Usually not required | Often required |
| Loan Facility | Available after 2 years | Available |
| Premium Payment Modes | Yearly, Half-yearly, Quarterly, Monthly | Similar options |
| Rider Availability | No riders available | Many plans offer riders |
| Plan Status | Withdrawn from 2025 | Several plans remain active |
Tax Benefits Under LIC Aadhaar Stambh Plan 943
What Tax Benefits Were Available?
- Premiums paid qualified for tax deductions under Section 80C up to ₹1.5 lakh annually
- Maturity proceeds and death benefits remained tax-free under Section 10(10D) subject to prevailing tax laws
These tax advantages made LIC Aadhaar Stambh Plan 943 a tax-efficient traditional savings and insurance policy.
Tips for Prospective Buyers
Important Points to Consider Before Choosing Similar LIC Plans
- Since LIC Aadhaar Stambh Plan 943 has been withdrawn, compare current LIC endowment or money-back plans
- Use official LIC premium calculators for updated premium and maturity estimates
- Always verify latest LIC brochures and official plan details before purchasing
- Evaluate your insurance coverage needs carefully, as ₹3 lakh maximum sum assured may not be enough for larger families
- Consider plans offering rider benefits for wider protection
- Choose premium payment modes according to your financial convenience and long-term affordability
Frequently Asked Questions
What is LIC Aadhaar Stambh Plan 943?
LIC Aadhaar Stambh Plan 943 was a non-linked, participating endowment life insurance policy designed exclusively for male Aadhaar card holders. The plan combined life insurance protection with savings benefits.
Who Was Eligible to Purchase LIC Aadhaar Stambh Plan 943?
Only male individuals aged between 8 years and 55 years nearest birthday possessing valid Aadhaar cards were eligible to purchase this policy.
What Was the Policy Term Available Under LIC Aadhaar Stambh Plan 943?
The policy term ranged from 10 years to 20 years, and the premium paying term remained equal to the selected policy term.
Was Loan Facility Available Under LIC Aadhaar Stambh Plan 943?
Yes, policyholders could avail loans against the policy after payment of at least two full policy years’ premiums according to LIC conditions.
What Happened if the Policyholder Died During the Policy Term?
In case of death during the policy term, the nominee received:
- Sum Assured
- Accrued bonuses declared by Life Insurance Corporation of India
as the death benefit under the policy.
Conclusion
LIC Aadhaar Stambh Plan 943 remained an innovative traditional endowment insurance policy specially designed for male Aadhaar card holders seeking affordable life insurance and savings benefits. Its simple eligibility conditions, affordable premiums, and combination of savings with insurance protection made it popular among many middle-income policyholders.
Although the plan was withdrawn from new sales in January 2025, its structure and calculator functionality continue to serve as useful examples of LIC’s customized insurance solutions focused on simplicity,
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