The different time periods you should know about in insurance
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Table of Contents
Premium payment term (PPT)
Free look period
Waiting period
Deferment period
Income benefit period
Grace period
Revival period
HOW YOUR AGE EFFECTS YOUR LIFE INSURANCE PREMIUMS
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Conclusion
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Disclaimer
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
¹ ABSLI DigiShield Plan scenario: Female, non smoker, Age: 21 years, level Term Insurance, Premium paying Term: regular pay, policy term: 25 years, Pay frequency: Annual Premium of Rs. 6500/12 months (on average Rs. 542/month) Exclusive of GST (offline premium).
2 Our life insurance policies cover COVID -19 claims under life insurance claims, subject to applicable terms & conditions of policy contract and extant regulatory framework.
3 Provided all due premiums are paid
4 Distance Marketing includes every activity of solicitation (including lead generation) and sale of insurance products through the following modes: (i) Voice mode,
which includes telephone- calling: (ii) Short Messaging services (SMS): (iii) Electronic mode which includes e-mail, internet, and interactive television (DTH): (iv) Physical mode
which includes direct postal mail and newspaper & magazine inserts; and (v) Solicitation through any means of communication other than in person
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: 109N108V10
ABSLI Assured Savings Plan (UIN: 109N134V01) is a non-participating traditional insurance plan.
ABSLI Guaranteed Annuity Plus (UIN: 109N132V01) is a Non-Linked, Non-Participating, Single Premium General Annuity Plan ABSLI Monthly Income Plan (UIN: 109N122V02) is a participating non-linked life insurance plan.
ABSLI Guaranteed Milestone Plan (UIN: 109N106V10) is a non-participating traditional insurance plan.
ADV/12/21-22/1674
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