Types of Bonuses & Guaranteed Additions And Their Advantages
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Table of Contents
- What is a Bonus in a Life Insurance Policy?
- How are Bonuses Calculated?
- What are the Different Types of Bonuses Available?
- What are Guaranteed# Additions (GAs) in a Life Insurance Policy?
- How are Guaranteed# Additions Calculated?
- A Policy that Offers Bonuses or a Policy that Offers Guaranteed# Additions: Which One Should You Choose?
- The Key Differences Between Bonuses and Guaranteed# Additions
- Conclusion
What is a Bonus in a Life Insurance Policy?
How are Bonuses Calculated?
What are the Different Types of Bonuses Available?
What are Guaranteed# Additions (GAs) in a Life Insurance Policy?
How are Guaranteed# Additions Calculated?
A Policy that Offers Bonuses or a Policy that Offers Guaranteed# Additions: Which One Should You Choose?
The Key Differences Between Bonuses and Guaranteed# Additions
Conclusion
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Types of Bonuses & Guaranteed Additions and Their Advantages
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Types of Bonuses & Guaranteed Additions and Their Advantages
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Disclaimer
# Provided all due premiums are paid.
ABSLI Nishchit Aayush Plan. This is a non-linked non-participating individual savings life insurance plan. UIN No 109N137V06
^ - Provided 0 year deferment & monthly income frequency is chosen at the time of inception of the policy.
~ Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,20,000 (Exclusive of GST.). Annual Income of ₹45,900 (45,900*40=18,36,000) + Maturity Benefit (₹16,80,000)= ₹35,16,000
ADV/2/23-24/3566
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