Ch. 10: Term Insurance Exclusions
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Key takeaways from this chapter
Natural death : Covered
Accidental death: Covered
Death due to participation in an adventurous activity: Covered
Death due to natural or manmade calamities: Covered
Death due to intoxication: Covered
Death due to involvement in illegal activities: Covered
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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.
¹ LI 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/4/22-23/78