Lesser-known Facts About Term Insurance Policies
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Table of Contents
- You Can Increase the Cover Amount While the Plan is Active
- You Can Cover Your Spouse Under the Same Policy
- You Can Customise Your Premium Payment Duration
- You Can Ensure Your Claim Amount Reaches the Right Hands
- What is the Married Women's Property Act?
- You Can Customise Your Claim Payout
- Guaranteed Claim Payout After Your Policy Completes 3 Years
- Wrapping Up!
You Can Increase the Cover Amount While the Plan is Active
You Can Cover Your Spouse Under the Same Policy
You Can Customise Your Premium Payment Duration
You Can Ensure Your Claim Amount Reaches the Right Hands
What is the Married Women's Property Act?
You Can Customise Your Claim Payout
Guaranteed Claim Payout After Your Policy Completes 3 Years
Looking to Buy Term Insurance?
If you are planning to buy a term insurance policy, here are two ABSLI Term Plans you can consider -
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.
ADV/6/24-25/573
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