A Crucial Guide to Life Insurance for Parents in India
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Table of Contents
Importance of Life Insurance for Parents
Choosing the Best Life Insurance for Parents
What types of life insurance plans for parents are ideal?
Parents' Life Insurance Tax Benefits*
Buying Life Insurance for Your Parents
Final Thoughts
About Author
FAQs on Life Insurance For Parents
for Salaried Individuals¹
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Disclaimer
*Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
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.
ADV/11/23-24/2604
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