LIC launches two Aadhaar based policies

Posted on:26 Apr 2017 09:17:20
LIC launches two Aadhaar based policies
26 April 2017 Current Affairs:

  • Life Insurance Corporation of India ( LIC) has introduced two endowment assurance plans for individuals having Aadhaar card.

  • Aadhaar Shila is a plan exclusively designed for women, Aadhaar Stambh is meant for men.

  • These plans offer a combination of protection and savings and also provide a lump sum amount in case of death of the policyholder to the person's family.

  •  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.


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