Why life insurance is more tax-efficient than other investment options
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Table of Contents
What is exempt-exempt-exempt?
What are the tax benefits3 offered by life insurance?
Why is life insurance more tax-efficient than other investment options?
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for Salaried Individuals¹
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Disclaimer
ABSLI Salaried Term Plan (UIN:109N141V01) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
1LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Annual Premium: ₹ 5900/- ( which is ₹ 491.66/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
3Tax benefits are subject to changes in tax laws. Please consult your financial advisor for more details.
4Scenario: Rs. 1,00,000 Single Premium (exclusive of GST), Male, Age 32, Plan Option A, Policy Term : 10 years. Guaranteed Maturity Benefit: ₹196,916 at end of policy term. ABSLI Fixed Maturity Plan is a Non- Linked Non- Participating Individual Savings Life Insurance Plan (UIN: 109N135V03)
ABSLI DigiShield Plan is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 9 (Level Cover with Survival Benefit) and Plan Option 10 (Return of Premium [ROP]) this product shall be a non-linked non-participating individual life savings insurance plan. UIN: 109N108V11
ABSLI Vision Endowment Plus Plan (UIN: 109N092V04) is a traditional participating endowment plan.
ADV/6/21-22/332
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