Aditya Birla Sun Life Insurance Company Limited
Plan Smarter, Live Better!
Thank you for your details. We will reach out to you shortly.
Currently we are facing some issue. Please try after sometime.
Retirement is often seen as the golden period of one's life, a time when you can finally put your feet up and enjoy the fruits of your labour. After years of hard work, it's only natural to want to make the most of these precious years. And when it comes to planning for retirement, financial planning becomes paramount.
For salaried individuals who have dedicated their lives to their careers, retirement planning takes on even greater significance. As you bid farewell to the daily grind and step into a new chapter of your life, ensuring financial security becomes crucial. In this context, the inclusion of term insurance emerges as a valuable option.
Term insurance comes with significant benefits & we’ll discuss them in our article below.
A term insurance plan is a straightforward product that serves as a crucial element in safeguarding your family's financial future. Should you unfortunately pass away during the policy's active period, the insurance company will provide a monetary sum to your loved ones.
This sum, technically referred to as the 'sum assured', will essentially replace your income and ensure that your family's financial requirements are met without them having to make any compromises on their aspirations and way of life. Your family will receive this money according to the claim payout option you selected when purchasing the policy. Always remember term insurance is designed to provide pure risk coverage. If you live until the end of the policy term, it will not provide any benefits to you.
Term insurance can play a vital role in complementing your retirement planning strategy.
If you are a salaried individual, regardless of your age or life stage, opting for a term life insurance cover can significantly alleviate the financial responsibilities weighing on you. Let’s find out how.
ABSLI Salaried Term Plan is tailored exclusively for you, a salaried individual seeking comprehensive protection for your loved ones. With the freedom to customise your plan according to your specific needs, this solution offers both lump sum and monthly income options. Whether it's ensuring your child’s education, maintaining a comfortable lifestyle, or meeting everyday expenses, this term plan is designed to provide unwavering financial support to your family members in your absence. It empowers your family to embrace the future confidently in case the unexpected happens.
Some of the Key Features of the Plan:
By considering term insurance as part of your retirement planning strategy, you open doors to a multitude of benefits. Not only does it provide a safety net for your loved ones in the event of your untimely demise, but it also offers you peace of mind knowing that your hard-earned savings and assets are protected. Embrace the power of term insurance and embark on a journey towards a financially secure future!
Thank you for your feeback
Share With This
Thank you for your details. We will reach out shortly.
Thanks for reaching out. Currently we are facing some issue.
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*
Buy ₹1 Crore Term Insurance at just @ ₹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.
$ABSLI Salaried Term Plan [UIN: 109N141V01] is a Non-Linked, Non-Participating Individual, Life, Pure Risk Premium Term Insurance Plan.
ADV/7/24-25/1080