Financial security is essential in today’s uncertain world. LIC Adhar Stambh 943 is a savings and protection plan that offers both life coverage and a lump sum benefit at maturity. Designed exclusively for male policyholders, this plan ensures financial stability for your loved ones while also helping you build a savings corpus.
In this blog, we will explore the features, benefits, eligibility criteria, and reasons why LIC Adhar Stambh 943 is a great investment choice.
What is LIC Adhar Stambh 943?
LIC Adhar Stambh 943 is a non-linked, with-profit endowment policy offered by Life Insurance Corporation of India (LIC). This plan provides a combination of life insurance protection and savings, making it a great choice for individuals looking to secure their future while growing their wealth. In the unfortunate event of the policyholder’s demise during the policy term, the nominee receives a death benefit. If the policyholder survives the policy term, they receive a maturity benefit along with bonuses.
Key Features of LIC Adhar Stambh 943
✔ Dual Benefit: Provides both life insurance and a savings component. ✔ Maturity Benefit: Sum Assured + Bonuses paid on survival till policy term completion. ✔ Death Benefit: Higher of Basic Sum Assured or 10 times of annual premium, plus bonuses. ✔ Participation in Profits: Policyholders receive bonuses as per LIC’s profit-sharing. ✔ Affordable Premiums: Low-cost premiums suitable for individuals with a modest income. ✔ Flexible Policy Term: Available for 10 to 20 years based on policyholder preference. ✔ Loan Facility: Policyholders can avail loans after the policy acquires a surrender value. ✔ Tax Benefits: Premiums and payouts qualify for tax deductions under Section 80C and 10(10D) of the Income Tax Act. ✔ No Medical Test (for Lower Sum Assured): Simplified issuance process with minimal documentation.
Benefits of LIC Adhar Stambh 943
✅ Financial Protection for Your Family – In case of an untimely demise, your family receives the sum assured along with bonuses.
✅ Guaranteed Returns – Ensures a lump sum payout at maturity to support your long-term financial goals.
✅ Participation in LIC’s Profits – You earn additional returns through bonuses declared by LIC.
✅ Loan Facility – In times of financial need, you can take a loan against your policy.
✅ Tax Savings – Premiums paid are eligible for deductions under Section 80C, and the maturity/death benefits are tax-free under Section 10(10D).
Eligibility Criteria for LIC Adhar Stambh 943
| Criteria | Details |
|---|---|
| Minimum Entry Age | 8 years |
| Maximum Entry Age | 55 years |
| Minimum Policy Term | 10 years |
| Maximum Policy Term | 20 years |
| Minimum Sum Assured | ₹2,00,000 |
| Maximum Sum Assured | ₹5,00,000 |
| Premium Payment Mode | Yearly, Half-Yearly, Quarterly, Monthly |
Why Choose LIC Adhar Stambh 943?
✔ Trust of LIC – India’s most trusted insurance provider ensures reliability and transparency.
✔ Savings with Protection – Unlike term plans, this policy provides maturity benefits in addition to life coverage.
✔ Low Premiums, High Returns – A budget-friendly plan with profitable returns.
✔ No High-Risk Investment – Being a traditional endowment plan, it is safe from market fluctuations.
✔ Loan Availability – Helps in case of financial emergencies.
✔ Easy Claim Process – LIC’s hassle-free claim settlement ensures quick payouts.
How to Buy LIC Adhar Stambh 943?
1️⃣ Visit LIC’s Official Website or contact an authorized LIC agent.
2️⃣ Choose the Coverage Amount and Policy Term that suits your needs.
3️⃣ Fill Out the Application Form with personal and nominee details.
4️⃣ Submit Necessary Documents (Aadhar Card, PAN, Income Proof, etc.).
5️⃣ Undergo a Medical Check-up (if required).
6️⃣ Pay the Premium through online or offline payment modes.
7️⃣ Receive Your Policy Document via email or courier.
Final Thoughts
LIC Adhar Stambh 943 is an excellent policy for men seeking a reliable, affordable, and secure life insurance plan with guaranteed savings. With LIC’s trust and strong financial backing, this plan ensures your family’s financial well-being while offering attractive maturity benefits.
If you want a safe investment that provides both protection and savings, LIC Adhar Stambh 943 is a great choice.
For more details and personalized assistance, contact LICFuture today!
