What is Term Insurance Plan?
A Term Insurance Plan or Term Life Insurance is a financial coverage provided to the term policy holder for a specific time period. It is a financial backup provided to the policy holder's family in case of the insured person's untimely demise.
Term Insurance plans are one of the best ways to secure one's life and provide a financial independence to the loved ones of the insured individual. This policy is a need of the hour and can be easily purchased at lower premiums too. The premiums can be paid monthly, quarterly, semi-annually or annually as per the policy holder's convenience.
How can Term Insurance Plan Help?
Term insurance is one of the best ways to ensure financial stability for your loved ones in your presence or absence. It is a form of protection that everyone should have in this world of uncertainty.
The base plan is applicable for riders in case of critical illness or disability.
A lump sum amount is credited to the family of the term policy holder in case of mishap.
One can receive the benefits in the form of monthly income along with the lump sum amount.
Term Insurance Plans By ABSLI
ABSLI Life Shield Plan
Every family is different and so are their protection needs. One
policy may not match all of them. Be it Joint life protection with your spouse,
increasing or decreasing term assurance option, waiver of premium benefit in
case of disability or disease or return of premium...