Question: Recently, LIC introduced an endowment assurance plan ‘Aadhaar Stambh’for individuals having Aadhaar card. The plan ‘Aadhaar Stambh’ is designed for-
(a) For women
(b) For men
(c) For children
(d) For both men and women
Answer- (b)
Related facts:
- On April 24, 2017, LIC introduced two endowment assurance plans for individuals having Aadhaar card.
- These two plans are ‘Aadhaar Shila’ and ‘Aadhaar Stambh’.
- Plan ‘Aadhaar Shila’ is a plan exclusively designed for women.
- Scheme Aadhaar Stambh is meant for men.
- Absolute amount assured on death under Aadhaar Stambh is 100 per cent whereas for Aadhaar Shila it is 110 per cent of basic sum assured.
- Both the plans have the following similarities: –
- Age eligibility is 8-55 years.
- The sum assured under the plans shall not be less than Rs. 75,000 and shall not exceed to 3 lakhs.
- The maximum age of maturity is 70 years and the terms available are from 10 to 20 years.
- Both plans are available to standard healthy lives without any medical examination.
Reference:
http://indianexpress.com/article/india/lic-launches-two-aadhaar-based-policies-4626343/
http://indiatoday.intoday.in/story/lic-launches-two-aadhaar-based-policies/1/936876.html
http://www.jagran.com/uttarakhand/nainital-15915382.html