Loan Against Life Insurance Policy - Important Points To Know
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Table of Contents
- What Is Loan Against Life Insurance Policy?
- How To Get Loan Against Life Insurance Policy?
- How Life Insurance Policy Loans Work
- Advantages of Life Insurance Loans
- Disadvantages of Life Insurance Loans
- Eligibility Criteria And Documents Required For Life Insurance Loans
- How to Obtain a Loan on Life Insurance Policy?
- Important Considerations Before Taking a Life Insurance Loan
- Conclusion
What Is Loan Against Life Insurance Policy?
How To Get Loan Against Life Insurance Policy?
How Life Insurance Policy Loans Work
Advantages of Life Insurance Loans
Disadvantages of Life Insurance Loans
Eligibility Criteria And Documents Required For Life Insurance Loans
How to Obtain a Loan on Life Insurance Policy?
About Author
FAQs
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.
*Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
^Provided all due premiums are paid.
ADV/3/23-24/3741
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