Get the meaning of Insurance term simply by searching the term or by looking for by letter
Waiting Period
A waiting period is a time for which the insured has to wait for some or all coverage to come into effect. Most insurance policies come with a waiting period.
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Whole Life Insurance
A whole life insurance policy is a traditional life cover that provides insurance protection for the insured’s whole life until the premium is paid. Generally, the maturity age of the policy lasts till the policyholder attains an age of 100 years. Whole life insurance policy guarantees to be in force for the entire lifespan of the life insured.
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With profit policy
A whole life insurance policy is a traditional life cover that provides insurance protection for the insured’s whole life until the premium is paid. Generally, the maturity age of the policy lasts till the policyholder attains an age of 100 years. Whole life insurance policy guarantees to be in force for the entire lifespan of the life insured.
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Without Profit Policy
A whole life insurance policy is a traditional life cover that provides insurance protection for the insured’s whole life until the premium is paid. Generally, the maturity age of the policy lasts till the policyholder attains an age of 100 years. Whole life insurance policy guarantees to be in force for the entire lifespan of the life insured.
4 | 1 Rating
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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