What does life insurance cover?
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Table of Contents
- How Life Insurance Works
- What Deaths Does Life Insurance Cover?
- What is Life Insurance Used For?
- Expenses Beneficiaries Can Help Cover Using the Life Insurance Death Benefits
- How Quickly Does Life Insurance Pay Out?
- What Is Not Covered By Life Insurance?
- Do Life Insurance Riders Offer The Same Coverage?
- Conclusion
How Life Insurance Works
What Deaths Does Life Insurance Cover?
What is Life Insurance Used For?
Expenses Beneficiaries Can Help Cover Using the Life Insurance Death Benefits
About Author
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
** Sec 10(10D) benefit is available subject to fulfilment of conditions specified therein
ADV/2/23-24/3652
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