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Life insurance policies offered by insurance companies can be either linked or non-linked.
Let's take a closer look at linked and non-linked life insurance policies.
Linked Life Insurance Plans
These plans combine insurance and investment. These plans are linked to the stock market. Hence, their returns will be determined based on the performance of the market. And, the returns may vary depending on the market fluctuations.
Under a linked life insurance policy,
Non-Linked Life Insurance Plans
Non-linked life insurance plans, as the name suggests, are not linked to the stock market and hence the returns are not influenced by market fluctuations. These plans are relatively low-risk and provide guaranteed returns - either death benefits to your nominee in case you pass away during the policy period or maturity benefit to you if you outlive the policy period.
There are many factors to think about when choosing an insurance policy, including whether you will receive a bonus, i.e., a portion of your insurance company's profits will be passed on to you. On this basis, we have two options: Participating and Non-Participating life insurance plans.
Participating Life Insurance Plans
Under these plans, you get a chance to share the insurer's profits. The profits are given in the form of bonuses and dividends from the insurance company along with fixed death benefit and maturity benefit.
Non-Participating Life Insurance Plans
Under these plans, you don't get a chance to share the insurer's profits. Hence, you won't receive any bonuses or dividends. The insurance company will only pay the death benefit to your nominee if you pass away while the policy is active or maturity benefit to you if you survive the policy term.
Buy ₹1 Crore Term Insurance at Just ₹508/month*
Exclusively For Salaried Individuals
4 Plan Options
Life Cover upto 70 years
Optional Accelerated Critical Illness benefit
Inbuilt Terminal Illness Benefit
Life Cover
₹1 crore
Premium:
₹508/month*
*LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Annual Premium: ₹ 6100/- ( which is ₹ 508.33/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
ABSLI Salaried Term Plan (UIN:109N141V03) 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.
ADV/6/24-25/579
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