30-year Term Life Insurance
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Table of Contents
- What is the policy term, and why is it important?
- How does the policy term affect the term insurance premiums?
- So, do you need a 30-year term plan?
- 3 scenarios where a 30-year term plan may be a good fit
- 2 scenarios where a 30-year term plan may not be a good fit
- The bottomline: Is a 30-year term life insurance right for you?
What is the policy term, and why is it important?
How does the policy term affect the term insurance premiums?
So, do you need a 30-year term plan?
3 scenarios where a 30-year term plan may be a good fit
2 scenarios where a 30-year term plan may not be a good fit
The bottomline: Is a 30-year term life insurance right for you?
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.
ADV/4/22-23/119
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