Get the meaning of Insurance term simply by searching the term or by looking for by letter
Exclusions
Any risk or eventuality that is not covered under the insurance policy is called exclusion.
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Expense Ratio
Expense Ratio is also called as management expense ratio. This is the measure of how much of a fund's assets are used for administrative and operating expenses.
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Effective Date in Insurance
Effective date refers to the specific day when the insurance policy commences and the coverage begins.
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Expiration Date in Insurance
The expiration date refers to the day your insurance coverage ends, after which your policy is no longer in force, and you are no longer protected against potential risks or financial losses.
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Endorsement in Insurance
An insurance endorsement is an amendment or addition to the original policy that alters its coverage, terms, or conditions.
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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.
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