Can you have too much Life Insurance?
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Table of Contents
Reasons you might have too much life insurance coverage
The right amount of coverage vs. the right kind of coverage
So, how do you figure out the right amount and kind of coverage you need?
Conclusion
About Author
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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.
3https://www.business-standard.com/article/current-affairs/with-75-grossly-underinsured-why-aren-t-indians-sufficiently-covered-119011500150_1.html
ADV/4/22-23/112
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