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^ - ABSLI Nishchit Aayush Plan (UIN No 109N137V05), Provided 0 year deferment & monthly income frequency is chosen at the time of inception of the policy. ADV/8/23-24/1409
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I agree to the Terms of Usage and Privacy Policy. By submitting my contact details here, I override my NDNC registration and authorize ABSLI to contact me by phone/e-mail/SMS/WhatsApp. Trade Logo "Aditya Birla Capital" displayed above is owned by ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) and used by ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the license. BEWARE OF SPURIOUS / FRAUD PHONE CALLS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint. ABSLI Nishchit Aayush is a non-linked non-participating individual savings life insurance plan (UIN No 109N137V05)

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Premium Periodicity (Premium Frequency)

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Definition
The frequency at which the insured chooses to pay the premium is called premium periodicity. The premium periodicity is mentioned in the policy schedule.
Description:
Premium periodicity or the premium frequency means the frequency of premium payment depending on the payment mode. For example, the premium payment frequency could be either every month, every three months, once in a quarter, or once in a year. 

The premium frequency should be selected based on the convenience of the pocket. A monthly premium will suit your budget, and the quarterly premiums can be efficiently planned. Overall, you can choose the premium periodicity depending on your income.

Example:
Pramod, a photographer, worked as an independent professional. His work style gave him high incomes only in a few months, i.e. occasionally. But despite the limited income, he wanted a life insurance policy. Considering the income levels, Pramod purchased the policy for which he will pay the premium every time after 6 months. This implies that the premium payment frequency was half-yearly. 
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Plan Options 10 Plan Options

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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/9/22-23/1534