Plan Smarter, Live Better!
If you don't have term insurance, your financial dependents could end up dealing with a lot of financial stress if something happens to you out of the blue. They might have to juggle everyday expenses, clear debts, manage bills, and find a way to fund your kid's education, etc. - all of which could really shake their financial stability.
Before brushing off term insurance, think about how it affects your loved ones’ financial security. Consider their needs, like any debts you have, upcoming expenses such as education or mortgage payments, and the savings you currently have. Ask yourself if your family could manage to keep up their lifestyle without your income.
Here are some important things to think about when deciding to buy term insurance -
Coverage Amount: Figure out how much your family would really need to keep things running smoothly and handle expenses if something were to happen to you.
Policy Term: Pick a term that lines up with your financial responsibilities and the timeframe your loved ones might need financial support.
Premiums: Make sure the premiums fit your budget not just now but also in the long run.
Insurer’s Reputation: Look into the insurance company's reputation for handling claims and how they treat their customers.
Additional Benefits: Think about any extra coverage you might want, such as protection for critical illnesses or accidental death, etc.
Financial Goals: Make sure the policy fits in with your overall financial plans and what you want to achieve.
Buy ₹1 Crore Term Insurance at Just ₹576/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:
₹576/month*
ABSLI Salaried Term Plan (UIN:109N141V04) 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.
*LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Annual Premium: ₹ 6400/- ( which is ₹ 576/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.
ADV/6/25-26/458