LIC Aadhaar Stambh Plan 843 was a special endowment assurance plan from LIC of India, designed exclusively for male lives who possess an Aadhaar Card issued by UIDAI. It combined protection and savings by offering life cover during the term and a lump-sum amount at maturity, along with tax benefits as per prevailing tax laws.

Plan Status, Launch and Withdrawal

• Plan Name: LIC’s Aadhaar Stambh
• Plan Number: 843
• Type: Non‑linked, with‑profits, regular premium endowment assurance plan for males with Aadhaar.
• Launch Date (sales): 24 April 2017.
• LIC official withdrawn status: Shown as a withdrawn plan on LIC’s list of discontinued products.
• Effective withdrawal date on LIC site: 01 February 2020 (for Plan 843 version).

This plan is no longer available for fresh purchase, but all in‑force and paid‑up policies continue to enjoy the contractual benefits such as death benefit, maturity benefit, loan, surrender and loyalty addition as applicable.

Eligibility and Basic Conditions

• Who can buy: Male individuals only, holding a valid Aadhaar card.
• Minimum Entry Age: 8 years (completed).
• Maximum Entry Age: 55 years (nearest birthday).
• Maximum Maturity Age: 70 years.
• Policy Term: 10 to 20 years (in whole years).
• Premium Paying Term: Same as policy term.
• Minimum Basic Sum Assured: ₹75,000.
• Maximum Basic Sum Assured: ₹3,00,000.
• Sum Assured Multiples:
  • ₹5,000 steps from ₹75,000 to ₹1,50,000
  • ₹10,000 steps above ₹1,50,000 up to ₹3,00,000.
• Premium Payment Modes: Yearly, Half‑yearly, Quarterly, Monthly (NACH/ECS/SSS).

For standard healthy lives, LIC generally offered Aadhaar Stambh without medical examination, subject to underwriting norms at the time of sale.

Key Features at a Glance

• Low-ticket endowment plan aimed at small savings and protection for male Aadhaar card holders.
• Non‑linked, with‑profits (loyalty additions only, no regular reversionary bonus).
• Loyalty Addition payable at exit (death, maturity or eligible surrender) after completion of 5 policy years and payment of 5 full years’ premiums.
• Optional Accident Benefit Rider (ABR) / Accident & Disability Benefit Rider could be added (subject to rider conditions and remaining term ≥ 5 years).
• Option to receive death or maturity benefit in installments (settlement option) over up to 5 years instead of lump sum.
• Loan and surrender value available after required minimum years of premiums, providing liquidity.

Premium Calculation Basics

Premiums under LIC Aadhaar Stambh Plan 843 depend on:

• Age at entry
• Policy term
• Basic sum assured
• Premium payment mode.

Rebates

• Mode Rebate (on tabular premium):
  • Yearly: 2% of tabular premium
  • Half‑yearly: 1% of tabular premium
  • Quarterly/Monthly: No rebate (Nil).
• Sum Assured Rebate: LIC provided slab-wise rebates per ₹1,000 sum assured for higher basic sum assured; exact slabs were as notified in LIC’s rate chart at the time and typically increased with larger sums assured.

Sample Premium Illustration (Approximate)

Age (Years)	Term (Years)	Sum Assured (₹)	Approx. Yearly Premium (₹)*
28	20	3,00,000	10,443
35	20	2,00,000	7,869

*Indicative figures based on standard healthy life, yearly mode, including GST as per past rates; actual premiums may vary as per LIC tables and tax rules prevailing at issuance.

Grace Period and Auto Cover

• Grace Period:
  • Yearly/Half‑yearly/Quarterly: 30 days
  • Monthly: 15 days.

If premiums are not paid even within the grace period, policy may lapse, but an Auto Cover Period operates as follows (as per LIC brochure):

• After payment of at least 3 full years’ premiums: Auto cover for 6 months.
• After payment of at least 5 full years’ premiums: Auto cover for 2 years.

During the Auto Cover Period, risk cover continues subject to the terms specified by LIC, even though premiums are unpaid.

LIC Aadhaar Stambh Calculator

An online LIC Aadhaar Stambh Plan 843 calculator helps users estimate the following:

• Yearly, half‑yearly, quarterly or monthly premium
• Total premium outgo over the policy term
• Maturity value (Sum Assured on Maturity + projected Loyalty Addition)
• Death benefit across different years
• Surrender value and loan eligibility indicators (for advanced calculators).

Popular third‑party tools (e.g., Insurance, LIC‑focused calculator sites, and aggregator portals) provide plan‑specific calculators that generate year‑wise benefit charts and projections based on LIC’s published benefits and assumed loyalty addition rates.

How the Calculator Works

1. User enters age, policy term, basic sum assured, and premium mode.
2. The calculator applies LIC’s premium rate table for Aadhaar Stambh 843 and adds GST as applicable at the time of sale.
3. It then computes year‑wise premiums, cumulative premiums, and projected maturity value (sum assured + assumed loyalty addition).
4. It may also show death benefit across the term using the official death benefit formula and assumed loyalty rates for post‑5‑year scenarios.

Benefits of LIC Aadhaar Stambh Plan 843

1. Death Benefit

On death during the policy term, provided the policy is in‑force (or under auto cover as applicable), the “Sum Assured on Death” is payable, plus Loyalty Addition (if eligible), subject to minimum 105% rule.

• Sum Assured on Death = higher of:
  • 7 times the annualised premium, or
  • Basic Sum Assured.
• Overall death benefit shall not be less than 105% of total premiums paid (excluding taxes, extra premiums and rider premiums) up to date of death.
• Death during first 5 policy years: Sum Assured on Death only (without loyalty addition).
• Death after completion of 5 policy years (and payment of 5 full years’ premiums): Sum Assured on Death + Loyalty Addition, if any.

If an Accident Benefit Rider is in force, additional rider sum assured becomes payable in case of accidental death, as per rider terms.

2. Maturity Benefit

On survival to the end of the policy term and payment of all due premiums:

• Maturity Benefit = “Sum Assured on Maturity” Loyalty Addition, if any.
• For Aadhaar Stambh, Sum Assured on Maturity equals the Basic Sum Assured chosen at inception.

3. Loyalty Addition

Loyalty Addition (LA) is a one‑time with‑profits benefit linked to LIC’s experience with the plan:

• Eligible only if the policy has completed 5 policy years and at least 5 full years’ premiums have been paid.
• Payable at the time of exit:
  • On death after 5 years
  • On maturity
  • Under Special Surrender Value (if surrender after 5 years and other conditions satisfied).
• Rate of LA (per thousand sum assured) is declared by LIC and can change over time; typical illustrations assume an LA rate based on past declarations for similar small‑ticket endowment plans.

4. Loan Facility

• Loan is available after payment of at least 2–3 full policy years’ premiums (LIC literature and intermediaries generally mention 2 or 3 years; LIC brochure for Aadhaar Stambh uses loan after specified minimum years similar to other endowments; many agencies quote 3 years).
• Maximum loan as a percentage of surrender value (as per LIC leaflets):
  • Up to 90% of surrender value for in‑force policies
  • Up to 80% of surrender value for paid‑up policies.
• Interest rate on policy loan is as decided by LIC from time to time and is usually linked to G‑Sec yields or internal norms at that period.

Any outstanding loan and interest is deducted from claim (death, maturity or surrender).

5. Surrender Value

• Surrender is allowed after payment of at least 2 consecutive years’ premiums (LIC brochure) or, in many distributor summaries, after 3 full years (to align with loan eligibility and traditional practice).
• Surrender Value = Higher of:
  • Guaranteed Surrender Value (GSV), or
  • Special Surrender Value (SSV).
• GSV is calculated as a percentage of total premiums paid (excluding rider premiums, extra premiums and taxes) multiplied by the GSV factor applicable to years completed.
• Loyalty Addition (if eligible) may be considered in SSV calculation when the policy has completed 5 years and 5 full years’ premiums have been paid.

6. Paid‑Up Value

If at least 2 full years’ premiums are paid and subsequent premiums remain unpaid, the policy may become a “reduced paid‑up” policy instead of lapsing:

• Paid‑up Sum Assured = Basic Sum Assured × (Number of premiums paid ÷ Number of premiums payable).
• Paid‑up policies continue with reduced benefits; Loyalty Addition, if any, is payable proportionately if eligible at exit.

Maturity and Death Benefit Example

Illustration – Maturity

Assume:

• Age: 35 years
• Policy Term: 20 years
• Basic Sum Assured: ₹2,00,000
• Mode: Yearly
• Approx. yearly premium: ₹7,869 (indicative).basunivesh+1

Then:

• Total premium paid over 20 years ≈ ₹1,57,380 (7,869 × 20).
• Maturity Benefit = ₹2,00,000 + Loyalty Addition (for example, if LA is assumed at ₹165 per ₹1,000 SA over full term, rough illustrative LA might be in the ₹30,000–₹35,000 range, depending on actual rate declared).

(Your earlier “₹33,000 at 8%” can be reframed as a sample assumption, not guaranteed.)

Illustration – Death Benefit

• Death within first 5 policy years:
  • Benefit = Sum Assured on Death (higher of 7 × annualised premium or Basic Sum Assured, subject to minimum 105% of total premiums paid) without Loyalty Addition.
• Death after completion of 5 policy years:
  • Benefit = Sum Assured on Death + Loyalty Addition, if any.
• Accidental death while Accident Benefit Rider is in force:
  • Additional rider sum assured equal to rider cover amount becomes payable along with base death benefit.

Tax Benefits (As Per Prevailing Law)

• Premiums paid for LIC Aadhaar Stambh Plan 843 were eligible for deduction under Section 80C of the Income Tax Act, 1961, subject to overall Section 80C limits and applicable conditions.
• Maturity proceeds and death claims are generally exempt from tax under Section 10(10D), subject to conditions such as premium not exceeding the prescribed percentage of sum assured and tax law as applicable at the time of payment.

(You can add a standard disclaimer: “Tax benefits are subject to change as per prevailing tax laws; consult a tax advisor.”)

Policy Revival

• If the policy lapses (after grace period), it can be revived within 5 years from the date of first unpaid premium by:
  • Paying all arrears of premiums with interest, and
  • Satisfying health and other requirements as per LIC underwriting rules.
• LIC’s interest rate on revival is generally linked to G‑Sec rates or as decided by LIC from time to time.

During revival, riders may or may not be revived depending on LIC rules and underwriting.

Settlement Option (Installment Payout)

Instead of taking death or maturity benefit as a lump sum, the policyholder/nominee can opt for settlement in installments:

• Installment modes: Yearly, Half‑yearly, Quarterly, Monthly.
• Maximum period: Up to 5 years from date of maturity or claim.
• Minimum installment amount (illustrative as per LIC options): For example, around ₹5,000 per month for monthly mode, with corresponding minimums for other modes; exact thresholds as per LIC rules at the time of exercising the option.

This option is useful when the policyholder/nominee prefers regular income instead of a lump sum.

Riders Available

• Accident Benefit Rider (ABR)/Accidental Death & Disability Benefit:
  • Provides additional sum assured on accidental death.
  • Disability benefit may provide future premium waiver and/or periodic benefits as per rider chosen and rider brochure.
  • Can usually be added if the remaining term of base policy is at least 5 years; for minors, rider starts from policy anniversary immediately after completion of age 18, on request.

Rider premiums are extra and subject to eligibility and underwriting.

Policy Exclusion – Suicide Clause

If the life assured commits suicide:

• Within 12 months from the date of commencement of risk:
  • Nominee is entitled to 80% of the premiums paid (excluding taxes, extra and rider premiums), or surrender value if higher, as per LIC’s standard exclusion wording.
• Within 12 months from the date of revival:
  • Higher of 80% of premiums paid till death or the surrender value as on date of death.

No other benefits are payable in such cases.

How to Use the LIC Aadhaar Stambh Calculator (Step‑by‑Step)

1. Visit a LIC Aadhaar Stambh Plan 843 calculator page (for example: LIC‑centric calculators, InsuranceFunda, or aggregator portals that still support withdrawn plan calculations).
2. Enter:
   • Age,
   • Policy term,
   • Basic sum assured,
   • Premium mode (Yearly/Half‑yearly/Quarterly/Monthly).
3. View output for:
   • Yearly (or chosen mode) premium,
   • Total premium paid over term,
   • Sum Assured on Maturity,
   • Projected Loyalty Addition and maturity value,
   • Death benefit across years.
4. Change any input (age, term, sum assured, mode) to analyse different scenarios and year‑wise benefit patterns.
5. Save or print the result page for client discussion or record keeping.

FAQs – LIC Aadhaar Stambh Plan 843

Conclusion

LIC Aadhaar Stambh Plan 843 was a small-ticket, Aadhaar‑linked endowment assurance plan targeting male lives who needed simple savings plus protection with low premium and loyalty additions instead of regular bonuses.

Although the plan is now withdrawn for new business, LIC continues to honour all benefits for existing policyholders, and online Aadhaar Stambh calculators remain a useful reference for agents and advisors to estimate premiums, maturity values and death benefits for in‑force policies and for explaining LIC’s traditional endowment structures to clients.