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. 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 percent, whereas for Aadhaar Shila it is 110 percent 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.


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