What is the Right Age to Buy Term Insurance Plan?
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Table of Contents
Importance of Purchasing Term Plan Early
What is the best age to buy term insurance?
How to Select the Right Term Insurance According to Your Age?
Wrapping up!
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.
# Provided all due premiums are paid.
ADV/8/23-24/1645
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