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.
4.5 | 1 Rating
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.
4.5 | 1 Rating
Effective Date in Insurance
Effective date refers to the specific day when the insurance policy commences and the coverage begins.
4.5 | 1 Rating
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The expiration date refers to the day your insurance coverage ends, after which your policy is no longer in force, and you are no longer protected against potential risks or financial losses.
4.5 | 1 Rating
Endorsement in Insurance
An insurance endorsement is an amendment or addition to the original policy that alters its coverage, terms, or conditions.
4.5 | 1 Rating
Buy ₹1 Crore Term Insurance at Just ₹508/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:
₹508/month*
ABSLI Nishchit Aayush Plan. This is a non-linked non-participating individual savings life insurance plan. UIN No 109N137V06
^ - Provided 0 year deferment & monthly income frequency is chosen at the time of inception of the policy.
~ Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,20,000 (Exclusive of GST.). Annual Income of ₹45,900 (45,900*40=18,36,000) + Maturity Benefit (₹16,80,000)= ₹35,16,000
Get Guaranteed Returns After a Month^
Unlock the Power of Smart Investment!