Can I Buy Multiple Term Insurance?
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Table of Contents
- What is Term Insurance?
- Benefits Of Term Insurance Plans
- How Does Term Insurance Work?
- Can You Take More Than One Term Insurance Plan?
- Let’s understand this better with an example!
- Benefits of Multiple Term Insurance Policies
- Why Should You Buy Multiple Term Insurance Policies? - 3 Things You Should Know!
- Conclusion
What is Term Insurance?
Benefits Of Term Insurance Plans
How Does Term Insurance Work?
Can You Take More Than One Term Insurance Plan?
Let’s understand this better with an example!
Benefits of Multiple Term Insurance Policies
Why Should You Buy Multiple Term Insurance Policies? - 3 Things You Should Know!
Conclusion
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/3/23-24/3806
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